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05/04/2015
Bob Evans Closing 20 Restaurants
Bob Evans Farms Inc. said it plans to close 20 of its restaurants after completing performance review of its retail portfolio. The chain said it plans to close the stores over the next 12 months, with the majority of locations to close by the end of May...

05/04/2015
Office Lease Up (May 4) Nike Takes Google’s Lease Buyout Offer
Oregon-based athletic wear kingpin Nike has signed an 11-year lease to take 147,000 square feet in a new mixed-use development being built by The Durst Organization at 855 Sixth Ave. in New York City. Nike plans to will move its New York headquarters...

05/01/2015
CoStar's People of Note (Apr. 26 - May 2)
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, Orange County, Atlanta, Los Angeles, Philadelphia, Chicago...

05/01/2015
Shorenstein Returns to Philadelphia with $184.8M Acquisition of 1818 Market Street
Shorenstein Properties LLC has closed on its acquisition of the 1818 Beneficial Bank Place office building at 1818 Market St. in Philadelphia, PA. Sovereign Capital Management sold the asset for $184.75 million, or about $188 per square foot, according...

05/01/2015
Shorenstein Takes Control of 1407 Broadway for $330M
Kamber Management and The Lightstone Group have sold their respective leasehold and sub-leasehold interests in the office building at 1407 Broadway in New York City for $330 million, or $300 per square foot, to Shorenstein Properties LLC. Lightstone...

04/29/2015
Big CRE Funds Dominating Market for Big Dollars
Private real estate fundraising had its most successful quarter in two years, with 24 private real estate funds reaching a final close and raising $29 billion in institutional commitments, according to Preqin, an alternative assets data and research firm...

04/29/2015
CoStar Group Buying Apartment Finder to Expand its Online Apartment Marketing Network
CoStar Group announced an agreement to acquire Apartment Finder and pair the apartment listing portal with CoStar's Apartments.com service, operating the two as separate, complementary services, both powered by CoStar's multifamily information. CoStar...

04/29/2015
Starwood Hotels Puts Itself Up for Sale
Starwood Hotels & Resorts Worldwide Inc., the owner and operator of 1,236 hotels worldwide with 356,392 rooms, has decided to explore a full range of strategic and financial alternatives. The owner of such brands as St. Regis, Westin and Sheraton said...

04/29/2015
Schools Out: For-Profit Colleges Closing 42 More Campuses
It was another tough week for for-profit colleges as two of the largest operators announced plans to shutter 42 locations, accounting for a combined total of 1.05 million to 1.26 million square feet of space. Santa Ana, CA-based Corinthian Colleges...

04/29/2015
Freddie Mac Reaches a $100 Billion CMBS Milestone and Growing
Freddie Mac hit a milestone this week when it issued its 80th multifamily-mortgaged back securities offering (K-Deals). The issue propelled the government-sponsored enterprise past the $100 billion mark in these commercial mortgage-backed securities (CMBS)...

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