Fairfield Files for Chapter 11
December 22nd, 2009Fairfield Residential failed amid an inability to refinance debt or sell investment properties, the latest casualty of real-estate turmoil.
Nakheel Investor Seeks Funding
December 22nd, 2009A German investor is shrugging off Dubai’s real-estate slump and seeking funding to complete a $845 million project to build luxury housing on six reclaimed islands in the Persian Gulf.
Nearly 1,500 Car Dealership Closed in 2009, Says Urban Science
December 22nd, 2009Detroit-based automotive retail consulting firm, Urban Science, announced that 1,467 U.S. car dealerships closed during the first 10 months of this year, leaving 18,617 auto dealerships in operation as of Nov. 1, 2009. This follows 2008’s net loss of…
Home Depot Expanding Logistics Operations
December 17th, 2009Home Depot is expanding its logistics operations, adding more than 1 million square feet of industrial space through next year.
Developer IDI has just completed the home improvement retailer’s newest facility, a 465,000-square-foot distribution center…
Law Firm Renews & Expands at MetLife Bldg.
December 17th, 2009Gibson Dunn & Crutcher LLP is renewing and expanding at The MetLife Building in Manhattan, signing a 260,000-square-foot lease through 2031. The law firm, which has been a tenant in the building since 1986, is increasing its presence from 192,000 square…
GGP Reorganization Plan Approved
December 17th, 2009General Growth Properties (GGP), the second largest U.S. mall owner, has received approval from a U.S. Bankruptcy Court judge to restructure $10.25 million in debt.
The reorganization plan extends 87 secured mortgage loans on 103 commercial properties…
GGP Approved for Reorganization Plan
December 17th, 2009General Growth Properties (GGP), the second largest U.S. mall owner, has received approval from a U.S. Bankruptcy Court judge to restructure $10.25 million in debt.
The reorganization plan extends 87 secured mortgage loans on 103 commercial properties…
Maguire Sells Lantana Media Campus to Lionstone
December 17th, 2009Maguire Properties sold four buildings totaling 463,000 square feet at Lantana Entertainment Media Campus in Santa Monica, CA, to The Lionstone Group. The price was not disclosed. Lionstone, a Houston-based real estate investment company, made the acquisition…
VOIP Supplier Leases 124,000 SF in Metro Boston
December 17th, 2009Acme Packet leased 123,788 square feet at 100 Crosby Drive in Bedford, MA, DivcoWest’s 261,961-square-foot, Class A office property about 18 miles northwest of Boston.
The Burlington-based voice over Internet protocol equipment supplier will relocate…
Updated: CMBS Activity: Passing Heat Wave or a Lasting Warming?
December 16th, 2009Winter may have sent its first blast of the season across the country this past week, but a thaw seems to be settling into the CMBS market. Not only did the third CMBS deal in the past month – indeed the past two years – price this past week, but news…
