<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Hampton Roads 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[Liberty Live Leases 22,179 SF in Suffolk]]></title><link><![CDATA[http://www.costar.com/News/Article/Liberty-Live-Leases-22179-SF-in-Suffolk/148765?ref=/News/Article/Liberty-Live-Leases-22179-SF-in-Suffolk/148765&src=rss]]></link><description><![CDATA[Liberty Live, a religious organization, signed a 10-year lease for 22,179 square feet at 7025 Harbour View Blvd in Suffolk, VA. 

The single-story building totals 124,326 square feet and is part of the three building Bridgeway Technology Center complex. Construction was completed on the property in 2001, according to CoStar information. 

Liberty Live also has a location in Hampton, VA.  Gregg Christoffersen of Jones Lang LaSalle represented Continental...]]></description><author><![CDATA[John Sinden <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 05:17:14 GMT]]></pubDate></item><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[INIT Renews Lease in Chesapeake]]></title><link><![CDATA[http://www.costar.com/News/Article/INIT-Renews-Lease-in-Chesapeake/148417?ref=/News/Article/INIT-Renews-Lease-in-Chesapeake/148417&src=rss]]></link><description><![CDATA[INIT Innovations in Transportation, a leading supplier for public transportation systems, has signed a renewal deal to continue occupancy at 1420 Kristina Way in Chesapeake, VA.  The company was founded in 1983 and is based in Karlsruhe, Germany.

The company signed a three-year renewal deal to continue leasing 26,600 square feet at the building. The firm is the largest tenant in the property, which totals 34,640 square feet in the Greenbrier Commerce...]]></description><author><![CDATA[Rachel Ladysh <news@costar.com>]]></author><pubDate><![CDATA[Mon, 13 May 2013 04:27:08 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[Commonwealth Green Buys 46 Acres in Yorktown]]></title><link><![CDATA[http://www.costar.com/News/Article/Commonwealth-Green-Buys-46-Acres-in-Yorktown/148258?ref=/News/Article/Commonwealth-Green-Buys-46-Acres-in-Yorktown/148258&src=rss]]></link><description><![CDATA[Commonwealth Green LLLP acquired 45.76 acres at 501 Commonwealth Dr. in Yorktown, VA, where it plans to construct a new mixed-use development.  The JLK Family LLC sold the vacant land for $6.45 million, or approximately $141,000 per acre. 

The parcel is located north of the intersection of Route 17 and Hwy 64. The new development will include 334 upscale apartments, 94 townhomes, and 40,000 square feet of <a href="http://www.showcase.com/retail-space" target="_blank">retail space</a>.

Ken Penrose and Chris...]]></description><author><![CDATA[Rachel Ladysh <news@costar.com>]]></author><pubDate><![CDATA[Thu, 09 May 2013 06:29:41 GMT]]></pubDate></item><item><title><![CDATA[Market Trend: HR's Office Deliveries and Construction in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-HRs-Office-Deliveries-and-Construction-in-Q1-2013/147520?ref=/News/Article/Market-Trend-HRs-Office-Deliveries-and-Construction-in-Q1-2013/147520&src=rss]]></link><description><![CDATA[During the first quarter 2013, two buildings totaling 76,980 square feet were completed in the Hampton Roads market area. This compares to one building totaling 19,530 square feet that was completed in the fourth quarter 2012, three buildings totaling 90,331 square feet completed in the third quarter 2012, and 39,500 square feet in three buildings completed in the second quarter 2012.

There were 611,684 square feet of <a href="http://www.showcase.com/Office-Space-for-Lease" target="_blank">office space</a> under construction...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Mon, 22 Apr 2013 09:04:31 GMT]]></pubDate></item><item><title><![CDATA[Market Trend: Net Absorption Negative 136,826 SF for HR's Office Market in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Net-Absorption-Negative-136826-SF-for-HRs-Office-Market-in-Q1-2013/147517?ref=/News/Article/Market-Trend-Net-Absorption-Negative-136826-SF-for-HRs-Office-Market-in-Q1-2013/147517&src=rss]]></link><description><![CDATA[Net absorption for the overall Hampton Roads office market was negative (136,826) square feet in the first quarter 2013. That compares to positive 419,060 square feet in the fourth quarter 2012, positive 201,416 square feet in the third quarter 2012, and positive 2,836 square feet in the second quarter 2012.

The Class A office market recorded net absorption of negative (1,626) square feet in the first quarter 2013, compared to positive 250,058...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Tue, 16 Apr 2013 09:01:23 GMT]]></pubDate></item><item><title><![CDATA[Market Trend: HR's Office Vacancy Increases to 13.2% in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-HRs-Office-Vacancy-Increases-to-132-in-Q1-2013/147518?ref=/News/Article/Market-Trend-HRs-Office-Vacancy-Increases-to-132-in-Q1-2013/147518&src=rss]]></link><description><![CDATA[The office vacancy rate in the Hampton Roads market area increased to 13.2% at the end of the first quarter 2013.  The vacancy rate was 12.8% at the end of the fourth quarter 2012, 13.8% at the end of the third quarter 2012, and 14.1% at the end of the second quarter 2012. 

Class A projects reported a vacancy rate of 13.1% at the end of the first quarter 2013, 12.7% at the end of the fourth quarter 2012, 14.7% at the end of the third quarter 2012...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Thu, 11 Apr 2013 09:04:29 GMT]]></pubDate></item></channel></rss>