Skanska Launches U.S. Development Unit; Will Build $85M D.C. Office Project
October 21st, 2009Swedish construction giant Skanska is expanding its commercial development business to the U.S. The first project funded on the firm’s balance sheet will be a 10-story, 172,000-square-foot office building in central Washington, D.C.
The $85 million…
Bill Helps Clear Way for NFL Stadium, Team in Los Angeles County
October 21st, 2009The California state Senate has approved a bill allowing an environmental exemption that would allow Majestic Realty Co. to develop a proposed 75,000-seat football stadium in the City of Industry, CA.
Majestic will reportedly begin approaching owners…
CoStar Shines a Light on the Best and Worst Retail Markets in Third Quarter
October 21st, 2009CoStar’s recently released Third Quarter 2009 National Retail Report (now available to all CoStar Property Professional subscribers and also available soon for non-CoStar subscribers) provides a detailed view of retail rental rates, vacancy, construction…
CoStar Shines a Light on the Best and Worst Third Quarter Retail Markets
October 21st, 2009CoStar’s recently released Third Quarter 2009 National Retail Report (now available to all CoStar Property Professional subscribers and also available soon for non-CoStar subscribers) provides a detailed view of retail rental rates, vacancy, construction…
CoStar Shines a Light on the Best and the Worst for Retail Markets in Third Quarter
October 21st, 2009CoStar’s recently released Third Quarter 2009 National Retail Report (now available to all CoStar Property Professional subscribers and also available soon for non-CoStar subscribers) provides a detailed view of retail rental rates, vacancy, construction…
BB&T Leases 140,000 SF at Riverfront Plaza
October 21st, 2009Branch Banking and Trust Co., also known as BB&T, leased 140,000 square feet of office space at Riverfront Plaza in Richmond, VA. BB&T will occupy five full floors and part of the first floor at 901-951 E. Byrd St. starting early next year.
The financial…
Reassuring Retirees
October 20th, 2009Erickson Retirement Communities, a senior-housing developer that filed for bankruptcy protection, is scrambling to reassure its 23,000 residents that their hefty entrance-fee deposits aren’t in jeopardy.
Lease Up/Lease Down (Oct. 18-24) CHI & TechTarget Move, Harley Gets Back to Basics
October 20th, 2009News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source…
MGM Mirage to Take Write-Downs
October 20th, 2009MGM Mirage plans to take more than $1 billion in third-quarter write-downs on its CityCenter project in Las Vegas, while billionaire Kerkorian’s investment vehicle is exploring the possibility of partnerships with respect to its MGM investment.
Erickson Files for Chapter 11
October 20th, 2009Retirement community developer agrees to sell assets to Redwood Capital for undisclosed sum.
