<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Birmingham 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[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[DDR Buying 30 Shopping Centers from Blackstone JV]]></title><link><![CDATA[http://www.costar.com/News/Article/DDR-Buying-30-Shopping-Centers-from-Blackstone-JV/148602?ref=/News/Article/DDR-Buying-30-Shopping-Centers-from-Blackstone-JV/148602&src=rss]]></link><description><![CDATA[Blackstone Group LP will sell its interest in a portfolio of power centers across the country to joint-venture partner DDR Corp. (NYSE: DDR) for $1.46 billion.

Beachwood, OH-based DDR and Blackstone acquired the large-format power centers totaling 11.8 million square feet through a joint venture deal that closed nearly a year ago. The latest acquisition, expected to close in the fourth quarter, will generate significant cash flow for DDR in top...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 11:24:05 GMT]]></pubDate></item><item><title><![CDATA[Market Trend: Birmingham's Office Rental Rates Dip in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Birminghams-Office-Rental-Rates-Dip-in-Q1-2013/147486?ref=/News/Article/Market-Trend-Birminghams-Office-Rental-Rates-Dip-in-Q1-2013/147486&src=rss]]></link><description><![CDATA[<a href="http://www.showcase.com/Office-building" target="_blank">Office building</a> owners in Birmingham were holding a sale during the first quarter, although the market for better quality <a href="http://www.showcase.com/Office-Space-for-Lease" target="_blank">office space</a> held its value.

The average quoted asking rental rate for available office space, all classes, was $16.65 per square foot per year at the end of the first quarter 2013 in the Birmingham market area.  This represented a 1.9% decrease in quoted rental rates from the end of the fourth quarter 2012, when rents were...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Mon, 13 May 2013 07:59:36 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 5 - 11)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
 
LOS ANGELES
Diaz Returns to Cushman & Wakefield 
By Allison Smith

Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 08:11:27 GMT]]></pubDate></item><item><title><![CDATA[Market Trend: Birmingham's Office Deliveries and Construction in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Birminghams-Office-Deliveries-and-Construction-in-Q1-2013/147487?ref=/News/Article/Market-Trend-Birminghams-Office-Deliveries-and-Construction-in-Q1-2013/147487&src=rss]]></link><description><![CDATA[During the first quarter 2013, no new space was completed in the Birmingham market area. 

This compares to three buildings totaling 50,167 square feet that were completed in the fourth quarter 2012, nothing completed in the third quarter 2012, and 2,550 square feet in one building completed in the second quarter 2012.

The information in this news report is based on CoStar’s First Quarter 2013 Market Report, a 40-plus page comprehensive research...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Mon, 22 Apr 2013 07:59:37 GMT]]></pubDate></item><item><title><![CDATA[Market Trend: Net Absorption Positive 58,551 SF for Birmingham's Office Market in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Net-Absorption-Positive-58551-SF-for-Birminghams-Office-Market-in-Q1-2013/147473?ref=/News/Article/Market-Trend-Net-Absorption-Positive-58551-SF-for-Birminghams-Office-Market-in-Q1-2013/147473&src=rss]]></link><description><![CDATA[Net absorption for the overall Birmingham office market was positive 58,551 square feet in the first quarter 2013. That compares to positive 122,588 square feet in the fourth quarter 2012, positive 95,789 square feet in the third quarter 2012, and negative (57,381) square feet in the second quarter 2012.

The Class A office market recorded net absorption of negative (12,227) square feet in the first quarter 2013, compared to negative (36,808) square...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Tue, 16 Apr 2013 06:30:03 GMT]]></pubDate></item><item><title><![CDATA[Market Trend: Birmingham's Office Vacancy Decreases Slightly to 9.9% in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Birminghams-Office-Vacancy-Decreases-Slightly-to-99-in-Q1-2013/147474?ref=/News/Article/Market-Trend-Birminghams-Office-Vacancy-Decreases-Slightly-to-99-in-Q1-2013/147474&src=rss]]></link><description><![CDATA[The office vacancy rate in the Birmingham market area decreased to 9.9% at the end of the first quarter 2013.  The vacancy rate was 10.0% at the end of the fourth quarter 2012, 10.1% at the end of the third quarter 2012, and 10.3% at the end of the second quarter 2012. 

Class A projects reported a vacancy rate of 8.4% at the end of the first quarter 2013, 8.3% at the end of the fourth quarter 2012, 8.0% at the end of the third quarter 2012, and...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Thu, 11 Apr 2013 06:30:04 GMT]]></pubDate></item></channel></rss>