In The Pipeline: CoStar Development and Construction News for Feb. 7-13
February 8th, 2010In this week’s Pipeline, George Smith Partners is close to finalizing that rarest of transactions in today’s soft market — a construction loan for new development on the Westside of Los Angeles. Meanwhile, to the east of L.A. in the Inland Empire,…
Mortgage Bankers Sell Building at a Loss
February 8th, 2010The Mortgage Bankers Association sold its 10-story headquarters building in Washington, D.C., for $41.3 million, well below the $79 million it paid in 2007.
Connecticut, Starwood Hit Bump
February 8th, 2010Connecticut pulled off a coup when Starwood Hotels agreed to relocate its headquarters there. But now there are questions being raised over how the state sealed the deal.
China Prepares to Salvage CCTV Tower
February 8th, 2010Beijing is preparing to rebuild a Rem Koolhaas skyscraper in the complex housing the national broadcaster, a year after fire gutted the structure.
Home Builders See Daylight
February 8th, 2010Fewer write-downs and cancellations along with improved order rates are putting some lift into the depressed home construction market.
CoStar’s Retail News Roundup: Feb. 7-13, 2010
February 7th, 2010This week in the Retail Roundup, CoStar reports on expansions or new concepts at Casual Male, Coach, Subway and Chick-fil-A; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at Disney Store, Movie Gallery, Car Dealerships, Walking…
Global Law Firm Signs 102,000-SF Lease in Washington, DC
February 7th, 2010Fried, Frank, Harris, Shriver & Jacobsen LLP is relocating its Washington, DC office, leasing 102,000 square feet at Lafayette Tower. The international law firm signed a 16-year deal, slated to commence in about a year.
The 11-story, 245,000-square…
Global Law Firm Signs 102,000-SF Lease in Washington, D.C.
February 7th, 2010Fried, Frank, Harris, Shriver & Jacobsen LLP is relocating its Washington, D.C. office, leasing 102,000 square feet at Lafayette Tower. The international law firm signed a 16-year deal, slated to commence in about a year.
The 11-story, 245,000-square…
Hill Country Galleria Sold at Bankruptcy Auction for $75M
February 5th, 2010Chicago-based REIT Management & Research is the new owner of Hill Country Galleria, a 1.28 million-square-foot mixed-use lifestyle center located in Bee Cave, TX (a suburb of Austin) that filed bankruptcy in May of last year. The investment company won…
Lenders Seize Sillerman Resort
February 4th, 2010Lenders holding the $180 million mortgage on entertainment mogul Robert Sillerman’s luxury resort in Anguilla have taken over the half-built project.
