Lease Up: McDermott Will To Take 165,000 SF on Capitol Hill
October 11th, 2010McDermott Will & Emery LLP signed a letter of intent with Clark Enterprises and Boston Properties to occupy 165,000 square feet of Class A, office space on Capitol Hill in the nation’s capitol.
The letter indicates that the McDermott law firm will…
ProLogis Selling Properties to Blackstone
October 8th, 2010Warehouse giant ProLogis is close to a deal to sell about 180 properties to Blackstone Group for $1 billion.
CoStar’s People of Note (Oct. 3-9)
October 7th, 2010This week’s People of Note includes the following markets: Charlotte, Chicago, East Bay, Houston, New York City, Northern New Jersey, Phoenix, South Florida and St. Louis.
NEW YORK CITY, NORTHERN NEW JERSEY
Cassidy Turley Exec David Houston Passes…
JP Morgan Sells Crystal City Office Bldgs. for $242M
October 7th, 2010In one of the largest office deals in the Washington, DC, area this year, JP Morgan Strategic Properties Fund sold a 621,824-square-foot, two-building office complex known as One and Two Potomac Yard in the Crystal City area of Arlington, VA, to a fund…
Pinnacle Airlines Negotiating HQ Lease at One Commerce Square
October 7th, 2010The board of directors of Pinnacle Airlines Corp. (NASDAQ: PNCL) approved a letter of intent to negotiate a lease agreement with the owners of One Commerce Square in downtown Memphis. If successful, those negotiations for Pinnacle’s headquarters consolidation…
CRE Values Bouncing Hard Along the Bottom
October 6th, 2010Composite commercial real estate values reversed their positive trend seen in July and dropped 1.38% for the month of August, according to CoStar Group’s newly released CoStar Commercial Repeat-Sale Indices (CCRSI).
This up-and-down pattern is repeated…
Follow the Money: Another $6.9 Billion Pours into Real Estate Investors’ Coffers
October 6th, 2010Companies and funds reported raising $6.88 billion in September for real estate-related investments and financing. The funding imbalance continues however, as the buying power of the portion of funds targeted for properties is far more than the total…
Lease Down: Asset Acceptance Capital Closing Chicago Office
October 6th, 2010Asset Acceptance Capital Corp., a leading purchaser and collector of charged-off consumer debt, will be closing its Chicago collections office. Asset Acceptance is under lease on the 20,905-square-foot call center at 55 E. Jackson Blvd. until Nov. 30…
Lease Up: MoneyGram Chooses Space in Dallas for Move from Minneapolis
October 6th, 2010MoneyGram International, a global payments company, agreed to lease space in a Dallas office building owned by Harwood International in Dallas as part of its plans to move its corporate headquarters from Minneapolis. The company said the move is part…
Hong Kong Property Sales Fall 19%
October 6th, 2010Hong Kong property transactions fell 19% month-to-month in September, but recent sales suggest the market may have already discounted government cooling measures.
