In The Pipeline: CoStar Development and Construction News for Nov. 29-Dec. 5
November 30th, 2009In this week’s issue, a Virginia developer will build a $47 million regional testing lab for the U.S. Drug Enforcement Administration in Miami; a decision by New York’s highest court clears the way for the $5 billion Atlantic Yards project to move forward…
Calpers Weighs Booting BlackRock
November 25th, 2009Calpers is leaning toward dumping BlackRock as a real-estate adviser after the firm steered the California pension fund into a disastrous apartment-complex investment.
Beal Bank Makes Play For Trump Casinos
November 25th, 2009Beal Bank made a bid for Trump Entertainment Resorts Atlantic City casinos about a week after Donald Trump abandoned his campaign to get back the properties.
China’s Retail Sector Draws More Interest
November 25th, 2009More investors are focusing on China’s retail property sector, especially in second-tier cities, as a way to gain from the country’s increasing wealth.
Builders Net Win in N.Y. Case
November 25th, 2009New York’s top court ruled that the state can use eminent domain for a massive development in Brooklyn that includes an arena for the New Jersey Nets.
Acorn Housing Struggles to Hang On
November 25th, 2009Video scandal cost nonprofit group its federal funding at a time when its mortgage-counseling services are in high demand.
IVG Immobilien Beats Slump for Now
November 24th, 2009A year in, new CEO brings listed real-estate investment firm bank from brink. But challenges remain and the jury is still out.
NY Court: $5 Bil. Atlantic Yards Project Can Proceed
November 24th, 2009In a major step forward for the Atlantic Yards project, the New York Court of Appeal on Tuesday ruled that the state can use eminent domain to force landowners to sell their properties for the $4.9 billion mixed-use development in Brooklyn by Forest City…
Updated: Multi-Brand Grocer, Penn Traffic, Files Bankruptcy
November 24th, 2009Syracuse, NY-based Penn Traffic Company, which operates supermarkets under the P&C, Quality Markets and BiLo banners in four Northeast states; filed Chapter 11 on November 18, 2009. The company intends to sell its stores and other assets under bankruptcy…
Fannie Looks to Level Foreclosed-Home Playing Field
November 24th, 2009Program will give ordinary home buyers an exclusive window to bid before property investors. Deposite requirements would also be dropped for owner-occupants.
