Vornado Deals 1999 K St. for $208 Million
September 1st, 2009In the Washington, DC, region’s largest property sale this year, Vornado Realty Trust has dealt its newly developed office building at 1999 K St. NW to the German investment fund Deka Immobilien Investment GmbH for nearly $208 million, or a whopping…
Commercial Real Estate Portends Crisis
September 1st, 2009Fed and Treasury officials are scrambling to prevent the commercial-real-estate sector from delivering a roundhouse punch to the U.S. economy as it struggles to recover.
The Lease Up (Aug. 30 – Sept. 5): Harley-Davidson Trims List of Relocation Sites
September 1st, 2009Editor’s Note: Expansions Relocations & Extensions is now The Lease Up. Here you will find news on companies that are bucking the trend of the recession by expanding, or taking advantage of the market by relocating. You will also find stories on businesses…
The Lease Up (Aug. 31 – Sept. 5): Harley-Davidson Trims List of Relocation Sites
September 1st, 2009Editor’s Note: Expansions Relocations & Extensions is now The Lease Up. Here you will find news on companies that are bucking the trend of the recession by expanding, or taking advantage of the market by relocating. You will also find stories on businesses…
Defense Intelligence Agency Renews Big Lease in Arlington
September 1st, 2009The Defense Intelligence Agency, a sub-agency of the U.S. Department of Defense, is staying put at 3100 Clarendon Blvd. in Arlington, VA.
The General Services Administration signed a renewal for the agency’s 221,084-square-foot space that runs through…
In The Pipeline: CoStar Development and Construction News for Aug. 30-Sept. 5
August 31st, 2009In this week’s issue, we report that Rolls-Royce will kick off construction of a $100 million engine component plant in Prince George County, VA; Equinix unveils a new $95 million data center in El Segundo, CA; Clark Construction receives a $110 million…
CoStar’s Retail News Roundup: Aug. 30 – Sep. 5, 2009
August 31st, 2009This week in the Retail Roundup, CoStar reports on expansions or new concepts at JoS. A. Bank and Forever 21; new retail development news in MD and MI; acquisition, merger, loan, sale, or IPO activity at Stonemason Partners; closings, cutbacks, defaults…
REITs Are Poised to Pick Up the Pieces
August 30th, 2009While overleveraged private real-estate funds are gasping for money, public property companies are now poised to become more-dominant players.
KBS REIT II Pays $112.1M for Fairfax Office Complex
August 27th, 2009KBS REIT II acquired the Willow Oaks Office Corporate Center in Fairfax, VA, from Prudential Real Estate Investors for $112.17 million, or a little less than $200 per square foot.
The 570,038-square-foot office complex consists of three buildings…
Investors Facing Fallout from Values, Ratios Knocked ‘Out of Whack’
August 26th, 2009While signs of a tentative recovery in the economy continued to appear, including reports issued this week on the fourth-consecutive month of improving new-home sales in July and a sizable increase in durable goods orders by manufacturers’ orders also…
