RTC Takes 503,200 SF in Chicago Area
November 24th, 2009RTC Inc. signed a 12-year, 503,200-square-foot lease with Duke Realty Corp. at Crossroads V in Romeoville, IL. The global retail marketer and product display manufacturer will relocate 3101 Kedzie Ave. in Chicago. Move in is expected by next spring.
Duke…
Commercial Property Remains Under Distress
November 23rd, 2009Distressed sales of commercial property continued to rise around the world in the third quarter of the year.
Robert Morris Univ. Expands to 323,000 SF in Chicago
November 23rd, 2009Robert Morris University signed a 323,000-square-foot lease expansion and extension at 401 S. State St. The transaction is the largest lease deal in Chicago’s central business district this year.
“This lease provides the university with a state of…
CoStar’s Retail News Roundup: Nov. 22 – 28, 2009
November 23rd, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at Electronic Arts and Kebab Café and Salvaje!; closings, cutbacks, defaults, or bankruptcy news at Penn Traffic and Blockbuster; acquisition, merger, loan, sale, or IPO activity…
CoStar’s Retail News Roundup: Nov. 22-28, 2009
November 23rd, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at Electronic Arts and Kebab Café and Salvaje!; closings, cutbacks, defaults, or bankruptcy news at Penn Traffic and Blockbuster; acquisition, merger, loan, sale, or IPO activity…
Avid Leases 203,000 SF in Boston Area
November 23rd, 2009Avid, a digital audio and video production business, inked a 10-year, 203,000-square-foot deal for office and R&D space in Burlington, MA. The company will move its world headquarters to Northwest Park, a 285-acre, 2.5 million-square-foot office park…
Multi-Brand Grocer, Penn Traffic, Files Bankruptcy
November 23rd, 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…
Morgan Unloads Crescent
November 22nd, 2009Morgan Stanley closed the book on its disastrous $6.5 billion acquisition of Crescent Real Estate Equities by handing the keys to lender Barclays.
Morgan Releases Crescent
November 20th, 2009Morgan Stanley closed the chapter on its disastrous $6.5 billion acquisition of Crescent Real Estate Equities by handing the keys to lender Barclays.
General Growth in Mortgage Pact
November 20th, 2009General Growth Properties said it reached a deal to restructure $9 billion in mortgages on 77 malls in hopes of removing them from bankruptcy protection by the end of the year.
