<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Richmond 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[Large Lease Rollovers Pose Loan Risks in Era of the Shrinking Office]]></title><link><![CDATA[http://www.costar.com/News/Article/Large-Lease-Rollovers-Pose-Loan-Risks-in-Era-of-the-Shrinking-Office/148577?ref=/News/Article/Large-Lease-Rollovers-Pose-Loan-Risks-in-Era-of-the-Shrinking-Office/148577&src=rss]]></link><description><![CDATA[The trend in less square footage requirement per employee has serious implications for landlords with near-term lease rollover risk, according to new analysis from Wells Fargo Securities.

Older existing office leases initially written in the era using the higher square footage requirement per employee are likely to renew under a more efficient standard.

Looking at tenant data backing commercial mortgage backed securities offerings, Wells Fargo...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 07:21:02 GMT]]></pubDate></item><item><title><![CDATA[VCU to Move Down to Ground Floor at 700 Centre]]></title><link><![CDATA[http://www.costar.com/News/Article/VCU-to-Move-Down-to-Ground-Floor-at-700-Centre/148545?ref=/News/Article/VCU-to-Move-Down-to-Ground-Floor-at-700-Centre/148545&src=rss]]></link><description><![CDATA[The 12-story tower in downtown Richmond known as 700 Centre will remain home to the Partnership for People with Disabilities department for Virginia Commonwealth University.

The VCU department will be relocating from offices in the 10th floor to take up 14,924 on the ground floor. PPD will move in August of this year. According to the listing agent, approximately 5,000 square feet of the ground floor will be allocated to another VCU department...]]></description><author><![CDATA[Rachel Ladysh <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 06:37:46 GMT]]></pubDate></item><item><title><![CDATA[Hilldrup Moving & Storage Leases 27,000 SF]]></title><link><![CDATA[http://www.costar.com/News/Article/Hilldrup-Moving-Storage-Leases-27000-SF/148420?ref=/News/Article/Hilldrup-Moving-Storage-Leases-27000-SF/148420&src=rss]]></link><description><![CDATA[Hilldrup Moving & Storage has leased 27,000 square feet in the industrial facility at 4263-4299 Carolina Ave. in Richmond, VA.

The 223,792-square-foot Richmond Distribution Center - Bldg C was constructed in 1976 on 10.6 acres in the Laburnum / Rte 360 Industrial submarket off of E. Laburnum Ave.

Perry Frazer and Rich McDaniel of CBRE | Hampton Roads represented the tenant. Brian Felton with Liberty Property Trust in Richmond handled the negotiations...]]></description><author><![CDATA[Rachel Ladysh <news@costar.com>]]></author><pubDate><![CDATA[Mon, 13 May 2013 06:47:26 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: Net Absorption Positive 236,073 SF for Richmond's Office Market in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Net-Absorption-Positive-236073-SF-for-Richmonds-Office-Market-in-Q1-2013/147897?ref=/News/Article/Market-Trend-Net-Absorption-Positive-236073-SF-for-Richmonds-Office-Market-in-Q1-2013/147897&src=rss]]></link><description><![CDATA[Net absorption for the overall Richmond VA office market was positive 236,073 square feet in the first quarter 2013. That compares to negative (144,421) square feet in the fourth quarter 2012, positive 219,718 square feet in the third quarter 2012, and positive 30,157 square feet in the second quarter 2012.

The Class A office market recorded net absorption of positive 280,207 square feet in the first quarter 2013, compared to positive 86,819 square...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Tue, 23 Apr 2013 05:53:45 GMT]]></pubDate></item><item><title><![CDATA[Market Trend: Richmond's Office Vacancy Decreases to 10.9% in Q1 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/Market-Trend-Richmonds-Office-Vacancy-Decreases-to-109-in-Q1-2013/147896?ref=/News/Article/Market-Trend-Richmonds-Office-Vacancy-Decreases-to-109-in-Q1-2013/147896&src=rss]]></link><description><![CDATA[The office vacancy rate in the Richmond VA market area decreased to 10.9% at the end of the first quarter 2013.  The vacancy rate was 11.3% at the end of the fourth quarter 2012, 11.1% at the end of the third quarter 2012, and 11.4% at the end of the second quarter 2012. 

Class A projects reported a vacancy rate of 10.3% at the end of the first quarter 2013, 11.7% at the end of the fourth quarter 2012, 12.2% at the end of the third quarter 2012...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Tue, 23 Apr 2013 05:53:44 GMT]]></pubDate></item></channel></rss>