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126-Store Crabtree & Evelyn Chain Files Bankruptcy
Woodstock, CT-based Crabtree & Evelyn, purveyor of fine bath and body products, filed Chapter 11 on July 1, 2009. A global company, Crabtree said its affiliates in Canada, Europe, Hong Kong, Malaysia, Singapore, and Australia were not included in the filing. The company said it would execute a reorganization plan to improve its prospects for future growth and profitability, which include reducing its number of "loss-making...
REITs Move Off Bottom, Can Commercial Real Estate Be Far Behind?
Data from the National Association of Real Estate Investment Trusts (NAREIT) clearly show that investors...
Bank Watch (June 28-July 4): Citizens Republic Needing To Raise Capital
Citizens Republic Bancorp Inc. is exploring several initiatives to bolster capital and strengthen its...
Lease Cancellations (June 18-July 4): MagnaChip Dropping Five U.S. Locations
Crescent Resources , a land management and real estate development company based in Charlotte, NC, with...
Closures & Layoffs (June 28-July 4): Imperial Shutting Down Just-Rite Supply
Imperial Industries Inc. has terminated and discontinued all operations of its Just-Rite Supply Inc....
Opus Opts to Liquidate Opus East; Put Opus West into Chapter 11
The Opus Group today announced that two more of its independent operating companies will join Opus South...
Low Point on High Streets: Elite Retail Corridors Feeling Effects of Recession
During the first half of this recession, retail buildings housing luxury retailers that line the world...
Affiliate of Neverland Owner Colony Capital Files for IPO to Buy Troubled Assets
Colony Financial Inc., a newly formed subsidiary of Century City, CA-based real estate investment company...
BofA Tower Receives $1.3 Billion Loan - from BofA
Bank of America and The Durst Organization have secured $1.275 billion in financing for The Bank of America...
NRG Texas, Affiliate Take 234,000 SF in Houston
NRG Texas, a wholesale power generation company, and Reliant Energy, its retail energy affiliate, leased...
FIRST TAKE: Dylan Taylor's Plans for Turning FirstService Commercial Into a Household Name
When Toronto-based FirstService Corp. acquired a majority interest in GVA Williams last year, it acquired...
Bank of the West Signs 240,000-Sq-Ft Lease to Consolidate East Bay Offices
San Francisco-based Bank of the West has signed a long-term lease for 240,000 square feet of office space...
Capstar, Cambay On Track to Deliver Giant Texas Data Center in 1Q 2010
Dallas-based Capstar Commercial Real Estate Services and Walnut Creek, CA-based Cambay Group announced...
USGBC to Monitor Performance of LEED Buildings
Exactly how energy-efficient are the nation’s most sustainable buildings? That question has puzzled experts...
Expansions, Relocations & Extensions (June 28 - July 4): GE to Energize Michigan's Economy
In this week's issue: GE plans a $100 million R&D facility in Michigan VWR International moves...
IN THE PIPELINE: CoStar Development News for June 28-July 4
This week’s edition includes an update on construction of what may be the nation’s largest data center...
CoStar's Retail News Roundup: Jun. 28 to Jul. 4, 2009
This week in the Retail Roundup, CoStar reports on expansions or new concepts at Best Buy Mobile and...
GE to Energize Michigan's Economy with $100M Facility
The General Electric Co. (NYSE: GE) said last week that it is planning a $100 million R&D facility about...
Sears Tower to Undergo Historic Green Retrofit
Nearly 40 years after its construction, Chicago’s Sears Tower -- the world’s third tallest building...
HRPT Invests $134.3M in Denver Office Tower
HRPT Properties Trust, an office real estate investment trust, paid $134.25 million for 17th Street Plaza...
Medical Office Update: Healthcare Coming Down With Symptoms of Ailing Economy
Once considered by some as a recession-resistant office niche, medical office buildings (MOB) are beginning...
For Those with Money: "You Won't Find a Better Time to Be a Buyer"
Although the future of commercial real estate remains murky, current operating conditions are crystal...
CONVENIENCE RULES: 7-Eleven, Others in Convenience Category Proving Resilient Through Recession
The convenience store / gas station category have been an unsung hero in the current retail real estate...
PwC Survey Sees No Turnaround 'til 2011, Steep Value Declines
The majority of the commercial real estate industry is expected to remain in recession through 2011,...
Foreign Investors See Turnaround a Year from Now, but Activity Will Pick Up This Year
Foreign real estate investors say they expect to see a recovery in the U.S. real estate market by the...
Bank Watch (June 21-27): Emigrant Bank's Commercial Book Leads to Downgrade
Fitch Ratings downgraded the long-term issuer default ratings of Emigrant Bancorp Inc. to 'B-'. In addition...
Lease Cancellations (June 21-27): GM Cancelling 41 Corporate Leases
General Motors has presented its request to cancel 41 leases across the country to the U.S. Bankruptcy...
ASHRAE Unveils Design of New Building Energy Label
The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) this week unveiled...
Cobalt Spends $57M On Pair of Portfolios
Cobalt Capital Partners purchased a 1.7 million-square-foot industrial portfolio in Atlanta for $47.8...
St. John To Take Over for Opus at MD Army Base Development
Baltimore-based St. John Properties Inc. announced Tuesday it will replace financially troubled Opus...
Former Grubb Exec Joins FirstService CRE
Former Grubb & Ellis executive Dylan E. Taylor will take the reins of the U.S. operations of FirstService...
IN THE PIPELINE: CoStar Development News for June 21-27
In this week's edition, St. John Properties will take over development of a 413-acre project at Aberdeen...
CoStar's Retail News Roundup: Jun. 21 to 27, 2009
This week in the Retail Roundup, CoStar reports on expansions or new concepts at Aeropostale, Perry...
Expansions, Relocations & Extensions (June 21-27): Three Major Deals Near DC, Plus One Slam Dunk in New York
In this week's issue: The NBA scores a major renewal in New York Arlington County saves millions...
GREEN LEDE | Green Building News from CoStar
Welcome to Green Lede , a CoStar feature column by sustainability reporter Andrew Burr examining green...