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CoStar's People of Note (Sept. 7 - 13)
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: Washington DC, Los Angeles, San Francisco, Baltimore, Kansas City...

RadioShack Warns of Potential Bankruptcy
RadioShack Corp. reported horrible results for its second quarter today and said it is facing the potential for bankruptcy. Comparable store sales for the Fort Worth-based retailer were down 20% driven by foot traffic declines and soft performance...

Latest Proposed Blackstone IPO Reflects Strong Demand for Warehouse Investment
Having already taken four real estate companies public over the last year, including Hilton Worldwide Holdings Inc. (NYSE: HLT) and shopping-center owner Brixmor Property Group Inc. (NYSE: BRX), private-equity giant Blackstone Group LP is now looking...

Consensus Trends, Forecasts Beginning To Emerge for Fledgling Single-Family Rental Market
The single family rental (SFR) market has come a long way since The Blackstone Group became the first major Wall Street player to package and offer securities backed exclusively by income from such properties a little more than 12 months ago. Since...

Trio of San Francisco Tower Sales Affirm Torrid Office Market
This summer, nothing has been hotter than San Francisco's office market. Buoyed by the tremendous demand driven largely by the growth of the city's burgeoning tech sector and rising office rents, San Francisco continues to attract feverish interest...

Israeli Insurance Group Closing on Deal After Deal
Among the throng of offshore investors clamoring for U.S. real estate, one firm is quietky stringing together a series of buys with a total value of more than $550 million, with the bulk of those deals closing over the past few weeks. Last week, Israel...

High-Tech Demand Spilling Into Office Suburbs, Smaller Markets
The supply of top-quality office space continues to tighten in technology strongholds such as the San Francisco Bay Area, New York and Seattle. The increasingly limited supply is causing fast growing high-tech companies to look in new and unexpected markets...

ASB Capital Mgmt Pays $160.5M for Watermarke Tower in Downtown LA
ASB Capital Management LLC acquired the Watermarke Tower at 705 W. 9th St. in Los Angeles, CA for $160.5 million, or about $750,000 per unit, from Watermarke Properties, Inc. The purchase was made on behalf of ASB's Allegiance Real Estate Fund, a $3...

New Tesla ‘Gigafactory’ Will Be Financial Boon to Nevada
A report released this week by Moody’s Investors Service said the decision by electric car manufacturer Tesla Motors to build a lithium ion battery "gigafactory" at the Tahoe-Reno Industrial Center is credit positive for the Silver State and its local...

Lease Up (Sep. 1-8) Uber Sharing HQs Expansion with Alexandria Real Estate
By Bryce Meyers Alexandria Real Estate Equities, a roughly $9.3 billion total market capitalization real estate investment trust based in Pasadena, CA, has formed a partnership with Uber Technologies to acquire two development sites in San Francisco...

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