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07/22/2016
CoStar's People of Note (July 22)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Minneapolis / St. Paul, Washington DC, Vancouver / Calgary, South Florida...

07/20/2016
Internet Commerce Drives Strongest Surge in Demand for US Industrial Space Since 2001
Prologis, the world’s largest developer and owner of industrial real estate, reported the first six months of 2016 were the strongest in its company's history as moderate levels of new supply paired with a strong appetite by e-commerce and other companies...

07/20/2016
Largest US Pension Funds Post Weak Results Despite Big Real Estate Returns
The three largest U.S. public pension funds all reported weaker than expected net annual returns this month laying the blame on volatility in the public equity markets, particularly foreign investments hammered by the potential impact from Britain’s exit...

07/20/2016
Simon, WP Glimcher Each Lose Malls to Foreclosure; Kimco Mall Facing Similar Fate
While the overall retail property sector appears to be strengthening, a handful of loans for lower-quality shopping centers and malls financed at the height of the previous CRE cycle are coming due now and proving to be a thorn in the side of publicly...

07/20/2016
'Space Needle 2' Part of $1.2 Billion Plan to Redevelop San Diego's Seaport Village
San Diego Unified Port District commissioners have voted to support a proposal for the long-awaited $1.2 billion redevelopment of 70 acres in San Diego's Seaport Village and Central Embarcadero area into Seaport San Diego, a new multi-use center with...

07/20/2016
NAIOP, AIA Issue Separate Forecasts for Accelerated CRE Construction Through 2018
Spending on commercial property development is expected to increase again next year and continue to accelerate through at least 2018, according to a pair of new reports out this week from NAIOP and the American Institute of Architects. Analyzing Dodge...

07/20/2016
Forget Houston, Calgary, North America's Other Oil Bust Market, Facing a Real Problem
Houston’s office market continues to struggle with leasing activity, down by almost 35% at mid-year 2016 from a year ago. However, Houston isn’t the only North American city with an energy-focused economy vulnerable to sagging crude oil prices. Calgary...

07/18/2016
Sovran Self Storage Acquires LifeStorage for $1.3 Billion
Sovran Self Storage Inc. completed its acquisition of LifeStorage LP, a privately-owned self-storage operator, for $1.3 billion. Following its acquisition, Buffalo, NY-based Sovran Self Storage plans to rebrand its 563 storage facilities it currently...

07/18/2016
Office Lease Up (July 18) Toyota Financial Services Signs 89-Month Renewal for 133,000-SF San Tan Corp Center in Chandler
Toyota Financial Services has renewed its 133,317-square-foot lease at the San Tan Corporate Center I building at 3200 W. Ray Rd. in Chandler, AZ. TFS has occupied space in the building since 2001 and became the sole tenant in 2006. It will remain...

07/18/2016
Turner, AECOM Tapped For $2.5 Billion Construction of LA Rams Stadium
Hollywood Park Land Co., owned by Los Angeles Rams owner Stan Kroenke, has picked Turner Construction Co. and AECOM as general contractors overseeing construction of a 70,000-seat stadium for the NFL team, anchoring a 298-acre mixed-use sports and entertainment...

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