Simon Hires Advisers to Consider General Growth Acquisition Possibilities
November 18th, 2009The country’s largest retail REIT, Simon Property Group (NYSE:SPG), is considering a bid for its bankrupt competitor, General Growth Properties.
Simon media representative, Les Morris, confirmed for CoStar Group this morning that Simon hired investment…
Sillerman’s Vegas Dreams Crash
November 17th, 2009It’s heartbreak hotel for Robert F.X. Sillerman, as his property on the Strip heads toward a prepackaged bankruptcy. The resulting auction promises to speak volumes about the state of the local property market.
In The Pipeline: CoStar Development and Construction News for Nov. 15-21
November 17th, 2009In this week’s issue, TMG Partners and The Related Cos. have been tapped as master developers for a $1 billion 77-acre mixed-use project in the S.F. Bay Area; Seavest Inc. and its JV partner are developing two medical office buildings on the new campus…
USDA Takes 330,000 SF in SW Washington, DC
November 17th, 2009The U.S. Department of Agriculture will occupy 330,000 square feet at Patriots Plaza III, a new office property at 355 E St. SW in Washington, DC. The U.S. General Services Administration inked the long-term deal on behalf of the USDA, which is consolidating…
Chinese Solar Power Giant Building First U.S. Plant
November 17th, 2009Suntech Power Holdings Co. Ltd., said last week that it is planning its first manufacturing plant in the United States. The solar power energy giant has selected the Greater Phoenix region for the new facility.
With the announcement, Suntech becomes…
Comcast Leases 106,300 SF in Jacksonville
November 16th, 2009Comcast of Greater Florida/Georgia Inc. signed a 106,253-square-foot office lease that will move its Jacksonville, FL, headquarters to Deerwood North business park. The cable, entertainment and information products company will occupy floors one, two…
Medical Research Center to Ignite Virginia with 415 Jobs
November 16th, 2009Biomedical research is heating up in Fairfax County, VA, as The Ignite Institute begins scouting locations for its forthcoming facility. The $200 million nonprofit research center is poised to create about 415 new jobs over a five-year period.
Headed…
Medical Research Center to Ignite Virginia with 400 Jobs
November 16th, 2009Biomedical research is heating up in Fairfax County, VA, as The Ignite Institute begins scouting locations for its forthcoming facility. The $200 million nonprofit research center is poised to create about 415 new jobs over a five-year period.
Headed…
Developers Diversified Deal to Test Rescue Program
November 16th, 2009Demand is expected to be strong for the Developers Diversified Realty deal, the first sale of commercial-mortgage backed securities under a government rescue program designed, in part, to ease the mounting stress in the commercial property sector.
TMG Partners, Related Cos. To Master Develop $1 Bil. NASA Research Park
November 16th, 2009A university consortium has selected TMG Partners and the Related Cos. as master developers for a $1 billion 77-acre mixed-use project for education and research at the NASA Research Park in Moffett Field in the South San Francisco Bay Area.
University…
