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CoStar's People of Note (May 5 - 11)
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...

ConocoPhillips Strikes Deal To Lease 850,000 SF In Pair of New Energy Corridor Office Buildings
ConocoPhillips has committed to the biggest office lease signed in Houston so far this year, agreeing to occupy 850,000 square feet in a pair of new office buildings to be built in Houston's booming Energy Corridor by Trammell Crow Co. (TCC) and its financial...

Industrial Real Estate Investors Lining Up to Tap Improving Warehouse Market
With demand expected to outpace supply through 2014 and rents finally beginning to rise again, commercial real estate investors are increasingly interested in placing capital in the U.S warehouse sector. "If you look at which sector will be the next...

Colony American Home Files IPO To Roll-Up Ownership of Single-Family Homes
Having stoked a strongbox with about $2.2 billion in privately raised funds, fast-growing Colony American Homes Inc., is planning an initial public offering of common stock to raise at least $100 million more. The Santa Monica, CA-based owner of single...

Multifamily GSE Lending Reform: Potentially Disruptive and Inherently Valueless
Without some form of government guarantees, the multifamily lending businesses of Fannie Mae and Freddie Mac have little inherent value, so conclude Fannie Mae and Freddie Mac in reports prepared for their conservator, the Federal Housing Finance Agency...

Citibank Portfolio Trades for $97.2M
Markland Holdings, a private Irish investment group, has sold a portfolio of 47 Citibank branch locations spread across the New York City metropolitan area for $97.2 million, or approximately $620 per square foot, to Path Land Holdings LLC, a group of...

Earnings Report: Stronger Property Sales Offset Slower Leasing to Propel Results for Publicly Traded CRE Services Firms
Executives of the largest publicly traded commercial real estate services firms noted in their latest round of earnings reports that lingering economic uncertainty continued to weigh upon clients' leasing decisions in the first quarter, even as strengthening...

Receiver Sets Liquidation Plan for $220 Million Multifamily Portfolio
John A. Beckstead, the receiver for defendants Management Solutions Inc. and the multifamily assets of Wendell A. Jacobson, his son Allen and other related entities, has filed a liquidation plan proposing to break up the multifamily portfolio strewn across...

Facility Closures & Downsizings: Job Cuts Plunge to Four-Month Low, But Not "Picture" Perfect"
Job cuts fell to their lowest level since December 2012, as U.S. employers announced plans to trim payrolls by just 38,121 in April, according to the latest report on downsizing activity from global outplacement consultancy Challenger, Gray & Christmas...

Israeli Firm Buying 45% Stake in DC Office Owner; Will Convert it to a REIT
Alony Hetz, an Israeli real estate investment company, has agreed to acquire a 45% equity stake in Washington, DC, office building developer and owner Carr Properties, acquiring the stake currently held by the Special Situation Property Fund of JP Morgan...