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Cushman & Wakefield Recruits Prabhu from JLL To Head Property Management
Continuing to build out its investor services platform, Cushman & Wakefield has hired Michael Prabhu from JLL to direct its U.S. property management operations. Based in the firm's downtown Los Angeles office, Prabhu formerly was a regional head of...

Group Led By Atlas Capital Agrees to Buy EVOQ For $357M
Downtown Los Angeles commercial property owner EVOQ Properties, Inc. has agreed to be acquired by affiliates of Atlas Capital Investors III, LLC, Square Mile Capital Management, LLC, and USAA Real Estate Co. in a transaction valued at $357.4 million. EVOQ...

$573 Million Loss Means Another Real Estate Tune Up for Sears Holdings
More retail space changes are coming for Sears Holdings Corp., which reported a net loss $573 million for the second quarter of 2014 compared to a $194 million loss for the same period a year ago. “Our second quarter earnings are unacceptable and we...

Commercial Construction Is Back On the Drafting Board
Government statistics and the latest reports from the design and construction sectors suggest that the growing number of cranes dotting the country's CBDs and suburbs won't be leveling off any time soon. According to the latest report by the American...

Amazon Goes the Last Mile for Delivery With New 'Sortation' Centers
In 1994,’s real estate and logistics requirements fit tidily into founder Jeff Bezos’s SUV and Bellevue, WA home. "Nineteen years ago, I drove the Amazon packages to the post office every evening in the back of my Chevy Blazer. My vision...

Chinese Investors Buy Downtown LA Hotel for $105M
A Chinese investment group purchased the Luxe City Center Hotel and 1.34-acre parking lot at 1020 S Figueroa St. for $105 million. Built in 1964, the eight-story, 100,966-square-foot hotel has 178 rooms, and a 6,000-square-foot indoor/outdoor event...

New Lee & Associates CEO Jeff Rinkov Putting Firm's New Strategic Plan Into Play
Jeffrey M. Rinkov has been with Lee & Associates since 1995 and served in executive roles for nearly a decade, a period in which it has expanded from largely a Southern California-focused brokerage to a full-service real estate provider with an increasingly...

Lee & Associates Opens First Office in Ohio
Continuing its national expansion, Lee & Associates has entered the Ohio market with an office in Cleveland -- the Los Angeles-based commercial real estate services company's 50th office in the U.S. and its seventh in the Midwest. Lee & Associates...

Bidding War Starts for Family Dollar
Richard W. Dreiling, chairman and CEO of Dollar General, is looking to go out with a bang. Before he retires from the firm next May, Dreiling has now made it his goal to acquire his largest rival. With more than 11,500 stores in 40 states, Dollar General...

CoStar's People of Note (Aug. 10 - 16)
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: Dallas / Ft. Worth, Chicago, New York City, Minneapolis, San Antonio...

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