Lease Up/Lease Down (May 30 – June 5): HP Laying Off 9,000, Hiring 6,000
May 31st, 2010Editor’s Note: This week, I will be attending the NAREE Conference in Austin, TX, to accept an award for last year’s special report, Landlords Offer Major Perks in Uncertain Market. As a result, Lease Up and Lease Down have been condensed, and will…
Lease Up/Lease Down: HP Laying Off 9,000, Hiring 6,000
May 31st, 2010Editor’s Note: This week, I am the NAREE Conference in Austin, TX, to accept an award for last year’s special report, Landlords Offer Major Perks in Uncertain Market. As a result, Lease Up and Lease Down have been condensed this week, and will return…
Developer Tests East Village, Chelsea
May 31st, 2010A New York developer is about to test the strength of the rebound in the rental apartment market by simultaneously opening luxury rental-buildings in the East Village and Chelsea.
CoStar’s People of Note (May 23-29)
May 27th, 2010This week’s People of Note includes the following markets: Atlanta, Charlotte, Houston Los Angeles, New York City and Retail
LOS ANGELES, RETAIL
Champion Targets $500M in Retail Acquisitions; Boss to Lead Initiative
Champion Real Estate Co. announced…
In The Pipeline: CoStar Development and Construction News for May 23 – 29
May 27th, 2010This week’s edition of In The Pipeline, BioBAT, a huge proposed bioscience facility at the 97-acre Brooklyn Army Terminal, has moved onto the architect’s drawing board; New York City Schools last week broke ground on a $500 million mixed-use development…
RXR Acquiring Interest in 340 Madison
May 27th, 2010RXR Realty is under contract to purchase a 49 percent stake in 340 Madison in Manhattan from D.E. Shaw Group. The real estate firm is paying $279.3 million, based on a property valuation of $570 million.
RXR is expected to assume day-to-day management…
CRE Lending Remains Constricted, but Loosening for Office and Retail
May 26th, 2010On an absolute level, commercial real estate lending remained depressed through the first quarter of 2010 and loan portfolio credit quality further weakened. However, there were significant variations between lenders, property types and borrowers.
Overall…
This Week In Retail: Confidence Picks Up as Retailers Plan Store Openings and Deal Momentum Builds
May 26th, 2010Nearly 70% of U.S. retailers believe that the overall economy is improving, and 92% are planning to increase store openings, according to a new survey released by CB Richard Ellis Group.
One reason may be the retailers’ interest in taking advantage…
This Week In Retail: Confidence Picks Up as Retailers PLan Store Openings and Deal Momentum Builds
May 26th, 2010Nearly 70% of U.S. retailers believe that the overall economy is improving, and 92% are planning to increase store openings, according to a new survey released by CB Richard Ellis Group.
One reason may be the retailers’ interest in taking advantage…
Real Money: Property Financings
May 26th, 2010General Growth Properties Inc. restructured its Fashion Show LLC loan and Phase II Mall Subsidiary LLC loan, the final two major secured mortgage loans in its portfolio. The revised terms on the $645.9 million syndicated Fashion Show loan, which is secured…
