<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[New York City 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 (Nov. 15-21)]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=8B5BFABC53587C4967E5855C5805C571&ref=1&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Hartford, Los Angeles, New York City and Westchester/South Connecticut.

LOS ANGELES
Lee Opens Long Beach Branch; Names Gill Pres.

Lee & Associates officially opened its office in Long Beach...]]></description><author><![CDATA[Laurie Forbes <news@costar.com>]]></author><pubDate><![CDATA[Fri, 20 Nov 2009 02:25:02 GMT]]></pubDate></item><item><title><![CDATA[Dover Relocating NYC HQ to Chicago Suburbs]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=F8377FE2DFCA079D9E485009D1EC84CF&ref=1&src=rss]]></link><description><![CDATA[Dover Corp. signed a deal that will move is global headquarters from New York City to the Chicago suburbs. The manufacturing firm leased 67,962 square feet at 3005 Highland in Downers Grove. Dover will also consolidate four of its regional headquarters...]]></description><author><![CDATA[Laurie Forbes <news@costar.com>]]></author><pubDate><![CDATA[Thu, 19 Nov 2009 04:51:33 GMT]]></pubDate></item><item><title><![CDATA[Office Delinquencies Latest Driver of CMBS Troubles]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=AE827735F84EEF9A6EB2687F4263116D&ref=1&src=rss]]></link><description><![CDATA[Job losses and subsequent office loan defaults, coupled with continued hotel underperformance, resulted in another monthly increase in U.S. CMBS delinquencies. And new matured balloons and past due loans secured by interests in non-traditional assets...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 19 Nov 2009 03:15:33 GMT]]></pubDate></item><item><title><![CDATA[Starwood Property Trust Begins Investing $900 Million Slowly, Selectively]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=AD930C5CD53061A7D7CF68B9B9C78BA9&ref=1&src=rss]]></link><description><![CDATA[In its first quarterly report as public entity, Starwood Property Trust posted a net loss of $1.9 million. The results were affected by the recognition of $800,000 of non-cash, stock-based compensation in the period.

"We are generally pleased with...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 19 Nov 2009 03:13:28 GMT]]></pubDate></item><item><title><![CDATA[Bank Watch: U.S. Steps Up Efforts To Seize Iran-Controlled Bank Melli's U.S. Properties]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=FF84540241D3AF92D9F51F1F6CB79F91&ref=1&src=rss]]></link><description><![CDATA[The United States Attorney for the Southern District of New York is looking to take over control of the 36-story, 336,000-square-foot 650 Fifth Ave. high-rise in Midtown Manhattan, as well as other properties across the country, together totaling hundreds...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 19 Nov 2009 03:11:18 GMT]]></pubDate></item><item><title><![CDATA[Lease Up/Lease Down (Nov. 15-21): Bioscience, Cleantech Sectors Spur Job Growth]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=5D3B134168E5FC048EF0446DE5832173&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, 18 Nov 2009 06:42:30 GMT]]></pubDate></item><item><title><![CDATA[Ovation Signs 26,000-SF Renewal in Manhattan]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=91FF5AD8CEF928EC63FBFBE7CAB5B720&ref=1&src=rss]]></link><description><![CDATA[Ovation Travel Group Inc. signed a 26,000-square-foot renewal at 71 Fifth Ave. in New York City. The travel management company will occupy the 10th and 11th floors for a 10-year term.

The 11-story, 132,121-square-foot office building was built in 1903...]]></description><author><![CDATA[Sean Glenn <news@costar.com>]]></author><pubDate><![CDATA[Wed, 18 Nov 2009 01:31:52 GMT]]></pubDate></item><item><title><![CDATA[In The Pipeline: CoStar Development and Construction News for Nov. 15-21]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=129BF1C83D2287ED6035FD993C3C8ACF&ref=1&src=rss]]></link><description><![CDATA[In this week's issue, TMG Partners and The Related Cos.  have been tapped as master developers for a $1 billion 77-acre mixed-use project in the S.F. Bay Area; Seavest Inc. and its JV partner  are developing two medical office buildings on the new campus...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Tue, 17 Nov 2009 12:44:27 GMT]]></pubDate></item><item><title><![CDATA[Former BoA Exec Joins RBC Capital Markets]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=367A811603B02CF1707933CA0108C851&ref=1&src=rss]]></link><description><![CDATA[Dan Teper was named managing director of RBC Capital Markets’ U.S. Real Estate Investment Banking Group. He will help to expand the company’s banking business while based in New York.

Teper’s background includes 15 years in the investment banking industry...]]></description><author><![CDATA[Laurie Forbes <news@costar.com>]]></author><pubDate><![CDATA[Mon, 16 Nov 2009 11:01:13 GMT]]></pubDate></item><item><title><![CDATA[Vornado Completes Revamp of Manhattan Mall]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=C2EE0836A37D961E38B40A2823E3607E&ref=1&src=rss]]></link><description><![CDATA[Vornado Realty Trust has completed its massive renovation and repositioning project involving the Manhattan Mall in New York City. The property is located in Herald Square and encompasses the full Avenue of the Americas block front extending from 32nd...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Mon, 16 Nov 2009 08:09:54 GMT]]></pubDate></item><item><title><![CDATA[CoStar's Retail News Roundup: Nov. 15-21, 2009]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=D6139739C0AE530947ACB95FF0265266&ref=1&src=rss]]></link><description><![CDATA[This week in the Retail Roundup, CoStar reports on expansions or new concepts at Apple and Urban Outfitters;  closings, cutbacks, defaults, or bankruptcy news  at Trans World, InkStop, and Hacketts; acquisition, merger, loan, sale, or IPO activity at...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Mon, 16 Nov 2009 06:08:21 GMT]]></pubDate></item><item><title><![CDATA[$84M Gets Volkswagen the Potamkin General Motors Building in Manhattan]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=A9F4CA6ED5D4E6141879F64C6857C72D&ref=1&src=rss]]></link><description><![CDATA[The Volkswagen Group of America has closed on its acquisition of the Potamkin General Motors building and car dealership, located at 798-804 11th Avenue in Manhattan, for $84 million, according to CB Richard Ellis. 

According to CoStar Property, the...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Thu, 12 Nov 2009 08:47:48 GMT]]></pubDate></item><item><title><![CDATA[Gerber Childrenswear Signs 10-Year Renewal]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=00993320A34FECB7ADAD4F93055B75B8&ref=1&src=rss]]></link><description><![CDATA[Gerber Childrenswear Inc. signed a 15,900-square-foot renewal at 1333 Broadway in New York. The children's apparel company will remain in its seventh floor space for a 10-year term.

The 12-story, 358,244-square-foot office building, which is also known...]]></description><author><![CDATA[Sean Glenn <news@costar.com>]]></author><pubDate><![CDATA[Thu, 12 Nov 2009 03:00:16 GMT]]></pubDate></item><item><title><![CDATA[Laser & Skin Surgery Center of NY Expands]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=43EFDB57464B3FA981369BEA06FBCFDA&ref=1&src=rss]]></link><description><![CDATA[Laser & Skin Surgery Center of New York (LSSCNY) signed a 25,940-square-foot lease with Adams & Co. Real Estate at The Medical Arts Center in Manhattan.  The cosmetic skin surgery center has renewed its lease for the sixth and 11th floors, and has expanded...]]></description><author><![CDATA[Joseph R. Harclerode <news@costar.com>]]></author><pubDate><![CDATA[Thu, 12 Nov 2009 02:24:06 GMT]]></pubDate></item><item><title><![CDATA[Lease Up/Lease Down (Nov. 8-14): Layoffs: A Sprint to the Bottom Line]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=4A5CB1D80C8C1265D219AD77A0449661&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, 11 Nov 2009 08:48:33 GMT]]></pubDate></item><item><title><![CDATA[Securitas Security Services Takes 17,500 at 1412 Broadway
]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=154356BA197ABF2F3A23E93BE7A22B0B&ref=1&src=rss]]></link><description><![CDATA[Securitas Security Services USA Inc. leased 17,500 square feet at 1412 Broadway in New York. Murray Hill Properties LLC signed the security firm for 10 years.

The 23-story, 397,710-square-foot office tower was built in 1927 and renovated in 2000. It...]]></description><author><![CDATA[Christina Mckinnon <news@costar.com>]]></author><pubDate><![CDATA[Wed, 11 Nov 2009 08:38:37 GMT]]></pubDate></item><item><title><![CDATA[Pfizer Reducing R&D Space After Wyeth Acquisition]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=8C5E7F928F1BB1B1D2115A1B8C01E5D0&ref=1&src=rss]]></link><description><![CDATA[Pfizer Inc. is significantly reducing its research and development operations, following the $68 billion acquisition of competitor Wyeth that made it the world's largest pharmaceutical company.

As part of a new R&D model, Pfizer plans to consolidate...]]></description><author><![CDATA[Andrew Deichler <news@costar.com>]]></author><pubDate><![CDATA[Wed, 11 Nov 2009 05:37:18 GMT]]></pubDate></item><item><title><![CDATA[Beazley Leases 17,000 SF in Manhattan]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=6E89677D160679C8C8424D0909098D7D&ref=1&src=rss]]></link><description><![CDATA[Beazley USA Services Inc., an insurance company, signed a 10-year lease for 17,337 square feet at 1270 Avenue of the Americas in Manhattan.

The 31-story office tower totals 528,900 square feet. Located in Rockefeller Center, the building was constructed...]]></description><author><![CDATA[Andrew Sears <news@costar.com>]]></author><pubDate><![CDATA[Tue, 10 Nov 2009 02:14:47 GMT]]></pubDate></item><item><title><![CDATA[In The Pipeline: CoStar Development and Construction News for Nov. 8-14]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=AFE5413E561C0C9207E87DEB20369B7C&ref=1&src=rss]]></link><description><![CDATA[In this week's issue, German pharma giant Merck  has topped off its $65 million research facility in Billerica, MA; Irvine, CA-based Sares Regis   breaks ground on a rare industrial project on California's Central Coast; and a group of architects plans...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Mon, 09 Nov 2009 10:58:46 GMT]]></pubDate></item><item><title><![CDATA[CoStar's Retail News Roundup: Nov. 8 - 14, 2009]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=554AEE0F1938E49CF61F16722ED0CFE0&ref=1&src=rss]]></link><description><![CDATA[This week in the Retail Roundup, CoStar reports on expansions or new concepts at Sports Fan Attic and Bajio Mexican Grill;  closings, cutbacks, defaults, or bankruptcy news  at Waldenbooks and Nature Coast Commons; acquisition, merger, loan, sale, or...]]></description><author><![CDATA[Sasha M Pardy <news@costar.com>]]></author><pubDate><![CDATA[Mon, 09 Nov 2009 05:59:46 GMT]]></pubDate></item><item><title><![CDATA[Michael Brandon Enterprises Buys Condo for $4.9M]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=9ED0A3273B63ADDAFC788B8C4B774B6C&ref=1&src=rss]]></link><description><![CDATA[Michael Brandon Enterprises purchased a two-story commercial condo at 323 W. 29th St. in New York from The Elizabeth Foundation for the Arts for $4.85 million, or about $470 per square foot.    

Michael Brandon will use the space as a showroom and...]]></description><author><![CDATA[Joseph R. Harclerode <news@costar.com>]]></author><pubDate><![CDATA[Mon, 09 Nov 2009 02:29:53 GMT]]></pubDate></item></channel></rss>