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04/11/2014
CoStar's People of Note (Apr. 6 - 12)
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: Chicago, New York City, Detroit, Philadelphia, East Bay, Orange County...

04/09/2014
Just What the Doctor Ordered: New 'Medtail’ Tenants Filling Vacant Shopping Center Space
With the era of retail medicine fast approaching, health care providers and medical specialists are increasingly opening facilities in shopping centers, which offer an attractive combination of affordable space, good patient access and ample parking....

04/09/2014
Parallel Ptnrs Pays $101.7M for Shoreline Square Tower
Parallel Capital Partners, Inc. purchased the Shoreline Square Tower at 301 E. Ocean Blvd. in Long Beach, CA for $101.7 million, or about $265 per square foot, from Bantry Holdings and Guggenheim Real Estate LLC. The 20-story, 383,652-square-foot...

04/08/2014
In Competitive Analysis Study, Sunbelt Metros Dominate As Low-Cost Cities to Do Business
Bolstered by the lowest transportation costs, industrial lease rates and effective corporate tax rate of any major U.S. city, Atlanta was recognized as the least-costly location to do business among the 31 largest U.S. metro areas in a new biennial study...

04/08/2014
Lincoln Property, Angelo Gordon Sell Santa Ana Office Towers for $129M
Joint-venture partners Lincoln Property Co. and Angelo, Gordon & Co. sold the Griffin Towers at 5 and 6 Hutton Centre Dr. in Santa Ana, CA to Blackstone office property affiliate Equity Office. At $129 million, the property sale represents the largest...

04/07/2014
Although Still Just a Ripple, Condo Development Continues With Big Urban Projects Across the U.S.
With apartment rents rising quickly in many markets and the single-family home market on the mend, the spreading housing recovery is reviving interest in the long-dormant condominium market. Although still a novelty in most markets, multiple large condo...

04/07/2014
TIAA-CREF and Henderson Global Investors Launch $71 Billion Real Estate Investment Behemoth
By: James Wallace, Finance Editor for CoStar News London TIAA-CREF and Henderson Global Investors launched their integrated exclusive real estate company this past week, TIAA Henderson Real Estate (TH Real Estate), with a combined total of $22.6 billion...

04/07/2014
Canadian Investment Funds Continue to Target Southwest U.S. Apts.
Canadian funds and REITs continue to be among the most active buyers of multifamily properties in U.S. Sunbelt states. One the latest deals comes from Starlight U.S. Multi-Family Core Fund, a newly created fund sponsored and managed by Starlight Investments...

04/07/2014
Dissident Stockholder Pushing Darden To Dispose of Billions in Dollars of Real Estate
Following a decision last month by Darden Restaurants Inc., not to sell its owned real estate and instead pursue its plan to spin-off its Red Lobster division, a major investor which owns 5.5% of the outstanding common stock of the company, took issue...

04/04/2014
CoStar's People of Note (Mar. 30 - Apr. 5)
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: New York City, Sacramento, Atlanta, Denver, Phoenix, Long Island,...

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