AFI USA Completes $267M Refinancing of Times Square Bldg.
December 29th, 2009Manhattan’s iconic Times Square Building is about to see a significant revitalization, thanks to a major financial restructure.
Property owner AFI USA has settled with its lenders and completed a recapitalization and restructuring of the debt on the…
2009’s Top Stories in Retail Real Estate
December 29th, 2009The CoStar Group News Department covered a plentiful basket of major national retail news during 2009. CoStar covered it all during 2009 — from the most interesting trends in retail real estate, to continued mass store closures and bankruptcies, and…
In The Pipeline: 2009’s Top Construction and Development Stories
December 28th, 2009For most commercial real estate developers, 2009 can’t end soon enough. In the tight financing market, credit was available for only the most fail-safe construction and development projects.
Many planned developments fell out of the pipeline as plunging…
Readers Say “Good Riddance!” to 2009
December 28th, 2009We asked CoStar News readers what 2009 trends and stories you want most to say “Hasta La Vista Baby!” to and here is a sample of what we heard back.
Foreclosures, bank bonuses, and the Transformers 2 movie. All were bad!
Those economist who have been…
Paul Weiss Inks Largest Manhattan Office Deal of 2009
December 28th, 2009Paul, Weiss, Rifkind, Wharton & Garrison LLP said Monday that it has closed on the renewal and expansion of its lease at 1285 Avenue of the Americas. The international law firm signed a 15-year lease for about 585,000 square feet.
The deal is said…
Lease Up/Lease Down (Dec. 27 – Jan. 2) Major Law Firm Renewals Close Out the Year
December 28th, 2009CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…
Hong Kong Land Sale Signals Cooling
December 28th, 2009Two prime residential sites were sold at auction for a lower-than-expected $1.34 billion, in a sign that one of the world’s hottest property markets is cooling off.
Recession Helps Empty Office Space
December 23rd, 2009In an indicator of how the Bay Area continues to suffer from the recession, San Francisco’s office vacancies have surged to their highest levels in five years.
Dollar General to Open 600 New Stores in 2010
December 23rd, 2009Dollar General Corporation (NYSE: DG) recently reported that for the first nine months of this year, the company reported a 296% increase in net income from 2008 to $63.7 million. Dollar General said a significant increase in customer traffic and average…
Redwood Wins Erickson Auction
December 23rd, 2009Redwood Capital won an auction for the assets of senior-community developer Erickson with a $365 million bid, beating a KKR-led group.
