<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[CoStar's People of Note (May 19 - 25)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-19-25/148836?ref=/News/Article/CoStars-People-of-Note-May-19-25/148836&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: South Florida, Chicago, Tampa, Los Angeles, and Cleveland.
 
SOUTH FLORIDA
Avison Young Hires Carlo in Miami 
By Justin Sumner

Avison Young, Canada's largest independently-owned <a href="http://www.showcase.com/" target="_blank">commercial real estate</a> services company, has hired Daniel Carlo as a principal in the firm, and managing director of the company's Miami office. In his new role, Carlo will oversee the growth and develo]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 24 May 2013 04:01:22 GMT]]></pubDate></item><item><title><![CDATA[25 REITs Most Likely To Buy Your Property in 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/25-REITs-Most-Likely-To-Buy-Your-Property-in-2013/148748?ref=/News/Article/25-REITs-Most-Likely-To-Buy-Your-Property-in-2013/148748&src=rss]]></link><description><![CDATA[This may well be the year that property owners in secondary and tertiary markets get a chance to cash in on the spending spree of the nation's largest publicly held REITs and real estate operating companies.

The torrid pace of acquisitions seen within this sector over the past two years is expected to continue this year, but with more buyers casting their nets across more markets.

As a whole, public REITs and REOCs doled out more than $54 billion...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 10:15:00 GMT]]></pubDate></item><item><title><![CDATA[Corporate Relocation Activity Picking Up As Business Confidence Rises  ]]></title><link><![CDATA[http://www.costar.com/News/Article/Corporate-Relocation-Activity-Picking-Up-As-Business-Confidence-Rises/148667?ref=/News/Article/Corporate-Relocation-Activity-Picking-Up-As-Business-Confidence-Rises/148667&src=rss]]></link><description><![CDATA[As business confidence in the economic recovery deepens, corporate c-suites are at least thinking about when and where  to expand their operations.

Although the evidence is largely anecdotal so far, <a href="http://www.showcase.com/" target="_blank">commercial real estate</a> brokers and corporate site selection consultants tell CoStar they've noticed a general increase in the number of corporate expansions and headquarters relocations after sitting on their hands through the recession and early recovery...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 09:34:05 GMT]]></pubDate></item><item><title><![CDATA[Will Building Boom End the Party for Apt. Investors?]]></title><link><![CDATA[http://www.costar.com/News/Article/Will-Building-Boom-End-the-Party-for-Apt-Investors-/148604?ref=/News/Article/Will-Building-Boom-End-the-Party-for-Apt-Investors-/148604&src=rss]]></link><description><![CDATA[Apartment developers and investors likely can look forward to enjoying another year or two of high occupancy and pricing power in a strengthening economy. But the music may stop by 2015 when the full brunt from the growing wave of new supply is expected to be felt across U.S. markets.

For now, the good times continue to roll. Multifamily pricing continued to post the strongest results of all product types during the first quarter, though there...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 09:18:38 GMT]]></pubDate></item><item><title><![CDATA[Single-Family Rental REITs Continue Tapping Capital Markets]]></title><link><![CDATA[http://www.costar.com/News/Article/Single-Family-Rental-REITs-Continue-Tapping-Capital-Markets/148773?ref=/News/Article/Single-Family-Rental-REITs-Continue-Tapping-Capital-Markets/148773&src=rss]]></link><description><![CDATA[The ranks of public or soon-to-be public companies that own portfolios of for-rent single-family homes swelled this week as one new firm registered for an initial public offering, another firm completed its IPO and yet a third completed a follow-on offering.

American Residential Properties Inc. completed its initial public offering of 13.7 million shares of its common stock raising gross proceeds of about $288 million. As of March 31, the Scottsdale...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 08:13:02 GMT]]></pubDate></item><item><title><![CDATA[Yahoo! Takes 176,000 SF in New York City]]></title><link><![CDATA[http://www.costar.com/News/Article/Yahoo!-Takes-176000-SF-in-New-York-City/148737?ref=/News/Article/Yahoo!-Takes-176000-SF-in-New-York-City/148737&src=rss]]></link><description><![CDATA[Internet giant Yahoo! Inc. signed a ten-year lease for about 176,000 square feet in the former New York Times Building located at 229 W. 43rd St. in New York, NY, between Seventh and Eighth Avenues.

The 16-story <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> totals 789,826 square feet in the bustling Times Square submarket of Manhattan.  Originally constructed in 1913 for the New York Times, the building is now largely owned by the Blackstone Group after it paid $160 million...]]></description><author><![CDATA[Lizzie Carver <news@costar.com>]]></author><pubDate><![CDATA[Wed, 22 May 2013 08:05:03 GMT]]></pubDate></item><item><title><![CDATA[Rolls-Royce Office Complex Sells for $79.1M]]></title><link><![CDATA[http://www.costar.com/News/Article/Rolls-Royce-Office-Complex-Sells-for-$791M/148701?ref=/News/Article/Rolls-Royce-Office-Complex-Sells-for-$791M/148701&src=rss]]></link><description><![CDATA[American Realty Capital Trust IV, Inc. has acquired the Rolls-Royce Meridian Center office complex at 450-525 S. Meridian St. in Indianapolis, IN from Eli Lilly and Company for $79.1 million, or about $186 per square foot, exclusive of closing costs.

The three-building, 425,786-square-foot portfolio includes the four-story Brougher Building constructed in 1908 and renovated in 2001, a six-story building completed in 2002, and a seven-story office...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Mon, 20 May 2013 04:17:57 GMT]]></pubDate></item><item><title><![CDATA[Kimco Acquires Ptnr's Stake in Marketplace at Factoria]]></title><link><![CDATA[http://www.costar.com/News/Article/Kimco-Acquires-Ptnrs-Stake-in-Marketplace-at-Factoria/148700?ref=/News/Article/Kimco-Acquires-Ptnrs-Stake-in-Marketplace-at-Factoria/148700&src=rss]]></link><description><![CDATA[Kimco Realty Corp. (NYSE: KIM) has acquired a majority of its joint-venture equity partner's ownership interest in the Marketplace at Factoria in Bellevue, WA in a transaction that valued the center at $130.75 million.  Kimco previously held a 50-percent ownership interest in the property.

Located at 3903-4065 Factoria Blvd. SE in the I-90 Corridor submarket of King County, the enclosed regional mall totals 660,078 square feet on 31.1 acres.  It...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Mon, 20 May 2013 03:23:34 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[Two Big Deals To Reshape Commercial Mortgage Servicing Arena]]></title><link><![CDATA[http://www.costar.com/News/Article/Two-Big-Deals-To-Reshape-Commercial-Mortgage-Servicing-Arena/148578?ref=/News/Article/Two-Big-Deals-To-Reshape-Commercial-Mortgage-Servicing-Arena/148578&src=rss]]></link><description><![CDATA[Two big deals last week will reshape the commercial mortgage servicing arena and likely affect the outcome of billions of dollars in properties.

CMBS special servicer, ORIX Capital Markets LLC, hired two firms to place $1.3 billion of defaulted commercial mortgage loans up for auction. The auction, which includes a mix of CMBS loans and non-CMBS loans, represents a significant portion of the $1.6 billion (108 loans) Orix currently has in special...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 07:19:45 GMT]]></pubDate></item><item><title><![CDATA[Blackstone Forms Two New REITs]]></title><link><![CDATA[http://www.costar.com/News/Article/Blackstone-Forms-Two-New-REITs/148583?ref=/News/Article/Blackstone-Forms-Two-New-REITs/148583&src=rss]]></link><description><![CDATA[The ranks of real estate investment trusts continues to grow with Blackstone Group seeks to establish two new commercial REITs.

The first, BRE Select Hotels Corp., just this week completed the acquisition of Richmond, VA-based Apple REIT Six Inc. for $1.2 billion. Its portfolio consists of 66 hotels with 7,658 guestrooms in 18 states.

The second, Blackstone Mortgage Trust Inc., this week commenced an underwritten public offering of 16 million...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 07:11:28 GMT]]></pubDate></item><item><title><![CDATA[Retail Rent Growth Finally Takes Root Across U.S. Metros]]></title><link><![CDATA[http://www.costar.com/News/Article/Retail-Rent-Growth-Finally-Takes-Root-Across-US-Metros/148558?ref=/News/Article/Retail-Rent-Growth-Finally-Takes-Root-Across-US-Metros/148558&src=rss]]></link><description><![CDATA[Following a recent string of relentlessly unexciting market trends in retail real estate over the past several quarters comes this distinctly positive news for retail property owners -- quoted asking rents have finally turned upward across all retail property types in the U.S. for the first time since 2008.

"This is a symbolic victory," said CoStar real estate economist Ryan McCullough, who co-presented the First-Quarter 2013 Retail Review and...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 11:18:00 GMT]]></pubDate></item><item><title><![CDATA[Recovery In CRE Sales, Pricing Up Year over Year, Despite Sluggish First Quarter]]></title><link><![CDATA[http://www.costar.com/News/Article/Recovery-In-CRE-Sales-Pricing-Up-Year-over-Year-Despite-Sluggish-First-Quarter/148549?ref=/News/Article/Recovery-In-CRE-Sales-Pricing-Up-Year-over-Year-Despite-Sluggish-First-Quarter/148549&src=rss]]></link><description><![CDATA[Just like clockwork, after ending 2012 on an upswing, <a href="http://www.showcase.com/" target="_blank">commercial real estate</a> pricing softened in the first three months of 2013, according to the latest findings from the CoStar Commercial Repeat Sale Indices (CCRSI).

Despite uneven performance in the first quarter, CRE prices have still increased appreciably from year ago levels and the recovery continued to widen, with all regions and property types experiencing year-over-year pricing gains.

Also...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 10:49:30 GMT]]></pubDate></item><item><title><![CDATA[25 REITs Most Likely To Sell You a Property in 2013]]></title><link><![CDATA[http://www.costar.com/News/Article/25-REITs-Most-Likely-To-Sell-You-a-Property-in-2013/148576?ref=/News/Article/25-REITs-Most-Likely-To-Sell-You-a-Property-in-2013/148576&src=rss]]></link><description><![CDATA[Looking for to buy some land, office buildings, warehouses, shopping center or hotel <a href="http://www.showcase.com/Investment-Properties" target="_blank">investment properties</a> and want less chance of being out bid by a REIT? You may be in luck. The nation's largest publicly held real estate investment trusts and real estate operating companies have billions of dollars worth of <a href="http://www.showcase.com/" target="_blank">commercial real estate</a> they are trying to get rid of.

As a whole, this sector doled out more than $52 billion in cash last year for property...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 10:19:32 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[Microhousing: What's the Big Idea?]]></title><link><![CDATA[http://www.costar.com/News/Article/Microhousing-Whats-the-Big-Idea-/148580?ref=/News/Article/Microhousing-Whats-the-Big-Idea-/148580&src=rss]]></link><description><![CDATA[By: Francesca Cooke

Urban populations across the country are swelling, often much faster than reasonably priced housing options, and cities are left grappling with serious affordability shortages. The young adult cohort, with its limited incomes and mountain of college debt, is especially feeling the pinch.

Many Echo Boomers have no choice but to live in their parents' basements or double up with roommates, but their longing to spread their...]]></description><author><![CDATA[CoStar Staff <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 07:15:18 GMT]]></pubDate></item><item><title><![CDATA[Silverstein Secures Construction Financing for 82-Story Manhattan Condo, Hotel]]></title><link><![CDATA[http://www.costar.com/News/Article/Silverstein-Secures-Construction-Financing-for-82-Story-Manhattan-Condo-Hotel/148597?ref=/News/Article/Silverstein-Secures-Construction-Financing-for-82-Story-Manhattan-Condo-Hotel/148597&src=rss]]></link><description><![CDATA[Silverstein Properties and CalSTRS has secured financing to move forward on its proposed 82-story skyscraper at 30 Park Place in Downtown Manhattan's Tribeca neighborhood.  

The 926-foot building will be one of the tallest in New York City, and will incorporate a Four Seasons hotel and private residences.  Construction on the glass and steel tower will begin in the fall 2013, with condos launching in 2014 and a grand opening tentatively set for...]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 04:28:03 GMT]]></pubDate></item><item><title><![CDATA[Facility Closures & Downsizings: Livermore Labs Calls for Pre-Emptive Voluntary Retirements]]></title><link><![CDATA[http://www.costar.com/News/Article/Facility-Closures-Downsizings-Livermore-Labs-Calls-for-Pre-Emptive-Voluntary-Retirements/148582?ref=/News/Article/Facility-Closures-Downsizings-Livermore-Labs-Calls-for-Pre-Emptive-Voluntary-Retirements/148582&src=rss]]></link><description><![CDATA[Lawrence Livermore National Laboratory will offer a voluntary separation program for up to 600 employees, director Parney Albright announced last week as a means to address budget challenges in fiscal year 2014.

"Although there remain a number of unknowns about how the budget request for FY14 would flow down to our laboratory, it is clear the budget proposal will face an uphill battle in Congress this summer, with continuing debates about reducing...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 07:13:54 GMT]]></pubDate></item><item><title><![CDATA[Office Towers Rising Again In New York, San Francisco ]]></title><link><![CDATA[http://www.costar.com/News/Article/Office-Towers-Rising-Again-In-New-York-San-Francisco/148523?ref=/News/Article/Office-Towers-Rising-Again-In-New-York-San-Francisco/148523&src=rss]]></link><description><![CDATA[The recent emotion-filled topping off of One World Trade Center with a 408-foot silver spire provided a visceral reminder for New Yorkers and others around the world of the pending rebirth of the iconic building in 2014. 

1 WTC, under development by the Port Authority of New York and New Jersey on behalf of the Durst Organization, is now a symbolic 1,776 feet tall, preleased to tenants such as the U.S. General Services Administration, Conde Nast...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 10:09:04 GMT]]></pubDate></item></channel></rss>