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08/26/2016
CoStar's People of Note (Aug. 26)
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, Dallas / Ft. Worth, San Diego, Boston, Tampa / St. Petersburg...

08/25/2016
'Dual Agency' Transactions Under Scrutiny in California Court Case
A case scheduled to come before the California Supreme Court Sept. 7 is set to re-examine the fiduciary responsibilities borne by real estate brokers who engage in "dual agency" representation -- the situation in which buyers, sellers, landlords and tenants...

08/24/2016
Gold Rush: Swelling Numbers of CRE Brokers Making for Tougher Competition in the Ranks
The long-trending CRE up-cycle has created a mini-boom in broker ranks over recent years, with the larger number of younger, first-time commercial brokers reducing the median years of experience among all brokers, and also lowering average annual incomes...

08/24/2016
Banks Slow Multifamily Lending Even as GSEs Step on the Gas
U.S. banks have continued to pull back on multifamily lending. The amount of such loans on their books has decreased for each of the last three weeks, according to the latest weekly bank asset numbers from the Federal Reserve, an indication that banks...

08/24/2016
Qatar Wealth Fund Acquires Nearly 10% Stake in Empire State Building Owner
An affiliate of Qatar Investment Authority (QIA) has paid $622 million for a 9.9% interest in Empire State Realty Trust, Inc. (NYSE: ESRT), owner of the 102-story Empire State Building. The minority stake acquired by QIA in Empire State Realty, which...

08/24/2016
Duke Realty Sells Parkwood Crossing Office Park in Indianapolis for $163M
Investment manager Rubenstein Partners LP teamed with Indianapolis-based Strategic Capital Partners (SCP) to acquire the eight-building Parkwood Crossing office park in Indianapolis from Duke Realty for $162.9 million, or about $135 per square foot. The...

08/24/2016
JLL Implements Leadership Succession Plan: Ulbrich to Succeed Retiring Dyer as Global CRE Firm's Chief Exec
Jones Lang LaSalle's (JLL) Colin Dyer announced he will retire and step down next month after 12 years as the firm's chief executive officer. He will be succeeded by Christian Ulbrich, whom JLL had signalled would be Dyer's successor after elevating him...

08/23/2016
Forest City Realty to Consider Selling ‘Vast Majority’ of Retail Holdings
In its latest move to increase shareholder value, Forest City Realty Trust, Inc. (NYSE: FCE.A) will review strategic alternatives that could include the sale of its interest in up to 14 regional malls around the U.S. and 19 specialty shopping centers...

08/22/2016
CoStar's People of Note (Aug. 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: New York City, Los Angeles, Atlanta, San Francisco, Cincinnati, Texas...

08/22/2016
Chip Maker Advanced Micro Devices to Move HQ to Irvine Co.’s Santa Clara Square
Multinational semiconductor maker Advanced Micro Devices (AMD) plans to relocate its headquarters to Irvine Co.’s fast-growing Santa Clara Square mixed-use development, marking the chipmaker’s departure from Sunnyvale, CA, after 47 years. After considering...

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