<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[National Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[$175M Fetches Kimco Full Ownership in 21 Shopping Centers]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=279014D87ED10ED01B08815F979BAA24&ref=1&src=rss]]></link><description><![CDATA[Shopping center REIT, Kimco Realty Corporation (NYSE:KIM), has acquired an 85% interest  in the 21 retail properties held under PL Retail Portfolio, its joint venture fund with DRA Advisors. The$175 million acquisition brings Kimco's ownership in the...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Fri, 06 Nov 2009 09:03:43 GMT]]></pubDate></item><item><title><![CDATA[Borders Closing 200 Waldenbooks Stores in January]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=4CF0C8E0C2DC91ECC8166385EE63C8C4&ref=1&src=rss]]></link><description><![CDATA[The country's second-largest brick and mortar book retailer, Borders Group, is closing 200 of its mall-based Waldenbooks stores in January. As a result, approximately 1,500 positions--the majority of which are part-time jobs--will be eliminated.

Borders...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Fri, 06 Nov 2009 08:16:39 GMT]]></pubDate></item><item><title><![CDATA[Equity One Acquires Westbury Plaza for $103.7M from Kimco/DRA]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=E8717ED5BB926A0FAB66B7203DAC2B78&ref=1&src=rss]]></link><description><![CDATA[On Oct. 29, Equity One acquired Westbury Plaza for $103.7 million from joint owners, Kimco Realty Corporation and DRA Advisors. 

Westbury Plaza is a 400,000-square-foot shopping center situated at 1220-1250 Old Country Road in the center of Nassau...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Fri, 06 Nov 2009 04:13:56 GMT]]></pubDate></item><item><title><![CDATA[Blackstone and Glimcher Launch $320M Joint Venture]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=15B93D3E448D087BBAA6CFA9ADC7CB61&ref=1&src=rss]]></link><description><![CDATA[The Blackstone Group and mall REIT, Glimcher Realty Trust, entered into a joint venture agreement that would be seeded by two of Glimcher's best malls -- Lloyd Center in Portland and WestShore Plaza in Tampa.

Under terms of the joint venture, Blackstone...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Thu, 05 Nov 2009 08:26:53 GMT]]></pubDate></item><item><title><![CDATA[$117M Buys Prestigious Fifth Ave. Retail Address at St. Regis New York Hotel]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=D4E152DBAB16F7BAA22BE223149265F9&ref=1&src=rss]]></link><description><![CDATA[An investment group comprised of Crown Acquisitions, Goldman Properties and The Feil Organization acquired the retail portion of the historic St. Regis New York hotel, located at 2 East 55th Street at a prominent Fifth Avenue  corner in Manhattan. 

Acting...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Thu, 05 Nov 2009 06:22:37 GMT]]></pubDate></item><item><title><![CDATA[Coventry Files $500M Lawsuit Against Developers Diversified]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=5B944CB4D842EF7D219BFFF8F5E9E23A&ref=1&src=rss]]></link><description><![CDATA[Late on Nov. 4, New York-based Coventry Real Estate Advisors announced that it filed a $500 million lawsuit in the New York State Supreme Court against shopping center REIT Developers Diversified Realty (NYSE: DDR). 

According to Coventry, the lawsuit...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Thu, 05 Nov 2009 09:23:12 GMT]]></pubDate></item><item><title><![CDATA[Emerging Trends: "The Bottom is Near!" Predict CRE Forecasters]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=3BEB1DBA2CD2D9EC2EB0C8806895F0DA&ref=1&src=rss]]></link><description><![CDATA[Having reviewed the next round of commercial real estate surveys, forecasts and emerging trends issued this past week for 2010, about the only good news appears to be that the market has hit bottom -- or will soon. Rents and values have continued to fall...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 05 Nov 2009 03:17:29 GMT]]></pubDate></item><item><title><![CDATA[Back to the Future: CRE Prices Falling Back to Pre 2004 Levels]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=C4B78915E96AC532FE77428AAA4E5005&ref=1&src=rss]]></link><description><![CDATA[While it has been widely assumed that the bulk of the damage from the devaluation of commercial real estate would hit properties purchased at the peak of the market in 2006 and 2007, Wall Street is now worrying about the deals completed in 2005 and earlier...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 05 Nov 2009 03:15:46 GMT]]></pubDate></item><item><title><![CDATA[Bank Watch: FBOP Flops; U.S. Bank Takes Over $18.2 Billion in Assets]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=E4FAEB6AF25E2272F0BFFDFE41300A81&ref=1&src=rss]]></link><description><![CDATA[U.S. Bank of Minneapolis, MN, is taking over the troubled operations of the banking subsidiaries of FBOP Corp. of Oak Park, IL. U.S. Bank has assumed all of the deposits and essentially all of the assets of nine failed banks with combined assets of $19...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 05 Nov 2009 03:07:44 GMT]]></pubDate></item><item><title><![CDATA[Retail Experts Divided over Holiday Sales & Traffic Expectations]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=052B178D64FD75CF4D80A366FF35F520&ref=1&src=rss]]></link><description><![CDATA[The 2009 holiday retail sales projections are out  and experts are divided over whether retailers can expect improved or disappointing sales during the all-important 'make-or-break' shopping period.

“This year’s holiday season spending will be a lot...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Thu, 05 Nov 2009 02:50:28 GMT]]></pubDate></item><item><title><![CDATA[Reversal of Fortune? Apartment Investment Activity Picking Up]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=86C71831ED9CA315006AD780DFE4CDA7&ref=1&src=rss]]></link><description><![CDATA[A flurry of recent apartment transactions and positive reports from the trenches by apartment owners is leading multifamily experts to say the sector is finally showing signs of improvement.

"The attitude towards multifamily has completely changed...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 05 Nov 2009 02:31:40 GMT]]></pubDate></item><item><title><![CDATA[Lease Up/Lease Down (Nov. 1-7): AT&T, Wachovia Renew in Florida]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=25396761EC83E0DBD47C53B9EC60D1C3&ref=1&src=rss]]></link><description><![CDATA[News of corporate expansions, relocations, extensions, closures, layoffs, lease  cancellations and mergers has been consolidated into Lease Up/Lease   Down. Look to  Lease Up/Lease Down every week for valuable information that can be used as a source...]]></description><author><![CDATA[Andrew Deichler <news@costar.com>]]></author><pubDate><![CDATA[Wed, 04 Nov 2009 10:39:05 GMT]]></pubDate></item><item><title><![CDATA[Updated: FDIC Adopts Guidelines For 'Prudent' CRE Loan Workouts]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=4F072DD9030A558CA9FB858609BFFF0C&ref=1&src=rss]]></link><description><![CDATA[As CoStar reported a couple weeks ago,  the government announced plans to unveil workout guidelines encouraging banks to restructure troubled commercial construction and mortgage loans as banks continue to fail at a rate not seen since the early 1990s...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 04 Nov 2009 08:25:36 GMT]]></pubDate></item><item><title><![CDATA[LG Electronics Extends 409,000-SF Lease Southeast of Chicago]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=721D07D552409473BBD6851B02A81188&ref=1&src=rss]]></link><description><![CDATA[LG Electronics USA Inc. renewed its 408,966-square-foot lease at 875 Crossroads Parkway, Romeoville, IL. The manufacturer of home appliances and electronics uses the facility as its Midwest distribution center. 

Duke Realty Corp. delivered the 528...]]></description><author><![CDATA[Andrew Deichler <news@costar.com>]]></author><pubDate><![CDATA[Wed, 04 Nov 2009 05:12:11 GMT]]></pubDate></item><item><title><![CDATA[In The Pipeline: CoStar Development and Construction News for Nov. 1-7]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=6D74ECC8460B2B2BB50DB7C82816DEFF&ref=1&src=rss]]></link><description><![CDATA[In this week's issue, Atlanta-based IDI delivers a 130,000-square-foot build-to-suit to Porsche America for its training and customer service center in Pennsylvania's Lehigh Valley; Blue Springs, MO, officials are trying to move forward on the 500-acre...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Tue, 03 Nov 2009 07:12:35 GMT]]></pubDate></item><item><title><![CDATA[CoStar's Retail News Roundup: Nov. 1 - 7, 2009]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=85067FB7AE73AF2910D2737186184CED&ref=1&src=rss]]></link><description><![CDATA[This week in the Retail Roundup, CoStar reports on expansions or new concepts at Prime Retail and Edible Arrangements;  closings, cutbacks, defaults, or bankruptcy news  at Movie Gallery and more; acquisition, merger, loan, sale, or IPO activity at USAA...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Mon, 02 Nov 2009 07:02:35 GMT]]></pubDate></item><item><title><![CDATA[Equity Residential Pays $100M for Arlington Multifamily]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=D29967B1DC6B5E39855A99B9A52F8712&ref=1&src=rss]]></link><description><![CDATA[Equity Residential closed its purchase of Metropolitan at Pentagon Row, a 326-unit apartment complex in Arlington, VA, from joint venture partners Cornerstone Real Estate Advisers and Kettler for $100 million, or approximately $306,748 per unit. The acquisition...]]></description><author><![CDATA[Laurie Forbes <news@costar.com>]]></author><pubDate><![CDATA[Fri, 30 Oct 2009 06:35:22 GMT]]></pubDate></item><item><title><![CDATA[ProLogis To Sign United Natural Foods to 590,000-SF Facility]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=17AEE387524C470A84F3A19675075EDF&ref=1&src=rss]]></link><description><![CDATA[ProLogis will lease its new 590,000-square-foot distribution center at 2100 Danieldale Road in Lancaster, TX, to United Natural Foods, a national natural, organic and specialty foods distributor. The facility, about 15 miles south of Dallas, will support...]]></description><author><![CDATA[Laurie Forbes <news@costar.com>]]></author><pubDate><![CDATA[Thu, 29 Oct 2009 03:01:03 GMT]]></pubDate></item><item><title><![CDATA[Despite Erosion in CRE Assets, Bankers Ask: "What? Me Worry?"]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=CC48D83017A426BCDCE4C012D1881BB2&ref=1&src=rss]]></link><description><![CDATA[Banks continued to report further erosion in commercial real estate-related credit quality and weak or declining loan demand in their quarterly earnings reports to investors and monthly lending reports to the Federal Reserve Bank. Rising loan payment...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 29 Oct 2009 02:17:53 GMT]]></pubDate></item><item><title><![CDATA[Bank Watch: Capmark Financial Group Goes Chapter 11]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=96B0DF52B698240D6580F1422B453339&ref=1&src=rss]]></link><description><![CDATA[Capmark Financial Group Inc. and some of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code. Capmark intends to use the reorganization process to implement a restructuring that reduces its corporate debt...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 29 Oct 2009 02:15:48 GMT]]></pubDate></item><item><title><![CDATA[CB Richard Ellis Expanding I-Bank to the U.S.]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=1A9E651AEECC80796B116E772582D98E&ref=1&src=rss]]></link><description><![CDATA[CB Richard Ellis Group Inc. is expanding its existing U.K.-based investment banking platform into the United States. CB Richard Ellis' investment banking professionals in the Americas will assist real estate as well as lodging and gaming companies with...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 29 Oct 2009 02:09:06 GMT]]></pubDate></item><item><title><![CDATA[Real Money (Oct. 29, 2009): Capital Raisings, Property Financings]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=754609DCBCDC0B020FE330EE991E1254&ref=1&src=rss]]></link><description><![CDATA[Hovnanian Enterprises Inc. closed an offering of $785 million of senior secured notes due 2016. The notes and the guarantees will be secured on a first-priority lien basis by substantially all of the homebuilder's assets. In connection with the offering...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 29 Oct 2009 02:05:40 GMT]]></pubDate></item><item><title><![CDATA[Pain Persists, But Worst May Be Over for Nation's Industrial Real Estate Market ]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=A473652CBA5022AE544D5933473223FC&ref=1&src=rss]]></link><description><![CDATA[The vacancy rate for U.S. industrial space eclipsed 10% and negative absorption topped 44 million square feet in the third quarter of this year as companies continued to shed warehouse, flex and manufacturing space in the face of continuing job losses...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 28 Oct 2009 10:44:26 GMT]]></pubDate></item><item><title><![CDATA[Q3 Retail Real Estate Report: Better but Not Out of the Woods Yet]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=5DBD222A404DD8A287ADD5C46D5ABA27&ref=1&src=rss]]></link><description><![CDATA[CoStar Group subscribers who attended this week's webinar led by Jay Spivey, CoStar Group's Senior Director of Research & Analytics, were provided with the latest insights on the state of the nation's retail commercial real estate industry covering economic...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Wed, 28 Oct 2009 08:43:40 GMT]]></pubDate></item><item><title><![CDATA[Lease Up/Lease Down (Oct. 25-31): Big Renewals in Tri-State Area]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=59F4F66F9BAE8CCD114CDBB9E52B8483&ref=1&src=rss]]></link><description><![CDATA[News of corporate expansions, relocations, extensions, closures, layoffs, lease  cancellations and mergers has been consolidated into Lease Up/Lease   Down. Look to  Lease Up/Lease Down every week for valuable information that can be used as a source...]]></description><author><![CDATA[Andrew Deichler <news@costar.com>]]></author><pubDate><![CDATA[Wed, 28 Oct 2009 08:20:59 GMT]]></pubDate></item><item><title><![CDATA[Broadridge Renews for 373,000 SF in Jersey, Manhattan]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=8B2D0D29B8443564971E449B2BF46BDE&ref=1&src=rss]]></link><description><![CDATA[After weighing its options, Broadridge Financial Solutions is staying put in the Tri-State region, renewing 373,000 square feet in New York and New Jersey office leases.

The Long Island-based brokerage firm has extended its stay at 2 Journal Square...]]></description><author><![CDATA[Andrew Deichler <news@costar.com>]]></author><pubDate><![CDATA[Wed, 28 Oct 2009 03:13:28 GMT]]></pubDate></item><item><title><![CDATA[RioCan to Invest $220M+ in Cedar Shopping Centers]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=11F9385B64DEBF93B131495CB74C806D&ref=1&src=rss]]></link><description><![CDATA[Port Washington, NY-based shopping center REIT, Cedar Shopping Centers, Inc. (NYSE: CDR), and Toronto, Canada-based RioCan Real Estate Investment Trust (TSX: REI.UN) announced a strategic alliance under which RioCan agreed to a $40 million private placement...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Tue, 27 Oct 2009 07:05:59 GMT]]></pubDate></item><item><title><![CDATA[Premier Moving HQ to Charlotte]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=216DC44057D7B4BE7DCE9F04E30DB996&ref=1&src=rss]]></link><description><![CDATA[Premier Inc. is moving its corporate headquarters to Charlotte, NC, signing a 15-year lease at the Boyle Building in the Ballantyne Corporate Park. Occupancy is slated for February 2011.

A leading healthcare alliance of hospitals and other medical...]]></description><author><![CDATA[Andrew Deichler <news@costar.com>]]></author><pubDate><![CDATA[Tue, 27 Oct 2009 06:49:26 GMT]]></pubDate></item><item><title><![CDATA[In The Pipeline: CoStar Development and Construction News for Oct. 25-31]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=066A714583D2A0CCF328F8F88126D316&ref=1&src=rss]]></link><description><![CDATA[In this week's issue, a joint venture will break ground in Washington, D.C.on a 362,000-square-building office building for the nation's top nuclear regulatory agency; demand for architectural design services continued to decline in September, according...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Tue, 27 Oct 2009 01:59:36 GMT]]></pubDate></item><item><title><![CDATA[CoStar's Retail News Roundup: Oct. 25 - 31, 2009]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=3EDEC8F91CF6D2154C9DFABC2985ADD6&ref=1&src=rss]]></link><description><![CDATA[This week in the Retail Roundup, CoStar reports on expansions or new concepts at Wal-Mart and 77kids;  closings, cutbacks, defaults, or bankruptcy news  at Opus, Supervalu and Westgate Mall; acquisition, merger, loan, sale, or IPO activity at RioCan and...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Mon, 26 Oct 2009 07:55:31 GMT]]></pubDate></item></channel></rss>