Lease Up/Lease Down (Jan. 3-9): New Year, New Deals
January 6th, 2010CoStar 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…
Credit Suisse Sued Over Resorts
January 5th, 2010Property owners at four luxury ski and golf resorts sued Credit Suisse, accusing the bank of running a “predatory” loan-to-own program.
HSBC-Led Group Buys D.C. Office
January 5th, 2010The purchase shows the relative strength of the U.S. capital’s office market and the dominant role foreign investors are playing as buyers of commercial property.
Macklowe Moves to Retake Site
January 5th, 2010New York City developer Harry Macklowe has teamed up with CIM Group to regain control of a the Drake Hotel site by agreeing to pay off its creditors at a discount.
Macy’s Shuttering Underperforming Stores
January 5th, 2010Macy’s said Monday that it is closing five stores as part of its ongoing effort to weed out underperforming locations amid opening new ones.
The department store owner is shutting down these stores:
Downtown Boise, ID: 918 Idaho Street; 118,000…
Brookfield Sells Stake in 2 DC Area Offices for $274 Million
January 5th, 2010Commercial real estate firm Brookfield Properties Corp. completed the sale of its ownership stake in two Washington, DC, area office buildings just before New Year’s Day.
In the biggest deal, Brookfield formed a joint venture partnership with Edge…
Brookfield Sells Stake in 2 DC Area Offices for $274M
January 5th, 2010Commercial real estate firm Brookfield Properties Corp. completed the sale of its ownership stake in two Washington, DC, area office buildings just before New Year’s Day.
In the biggest deal, Brookfield formed a joint venture partnership with Edge…
Colliers, FirstService Combine U.S., Global Operations
January 4th, 2010Colliers International and FirstService Real Estate Advisors finally announced that they will combine their operations and global platforms, operating as Colliers International in 61 countries under the FirstService REA operating partnership model.
The…
Tower Embodies Dubai’s Goals
January 4th, 2010The opening of the Burj Dubai could mark a turning point in the sheikdom’s fortunes and those of its ruler after a year that saw both come under intense scrutiny.
In The Pipeline: CoStar Development and Construction News for Jan. 3-9, 2010
January 4th, 2010As we deliver the first issue of Pipeline in 2010, the Kansas City Wizards move forward on a new soccer stadium in Kansas City, KS; Pointsmith buys 10 acres from Situs Companies in the PrimeWest Business Park in Houston for its new headquarters facility…
