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04/22/2014
Farmers Insurance Hands Off LA HQ Complex to CIM Ahead of Move to Warner Center
Farmers Insurance, the insurance firm founded in Los Angeles in 1928 and sponsor of the ubiquitous "We Are Farmers" television commercials, has agreed to sell its longtime headquarters campus on Wilshire Blvd. to CIM Group and lease-back part of the space...

04/22/2014
Brixmor CEO Sees Big Upside to Grocery-Anchored Shopping Centers
Blackstone Group LP raised eyebrows in 2011 when it acquired the U.S. shopping center portfolio owned by Australia-based Centro Properties Group in a $9 billion transaction. After two years of balance sheet cleaning and portfolio repositioning, Blackstone...

04/22/2014
Dealertrack Technologies Preleases 233,000 SF on Long Island
Dealertrack Technologies, Inc. has entered into an office lease for 233,090 square feet, preleasing the entire proposed headquarters campus at 3400 New Hyde Park Rd. in North Hills, NY. X-Cell III Realty Associates LLC is building the twin four-story...

04/18/2014
CoStar's People of Note (Apr. 13 - 19)
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: Indianapolis, New York City, Austin, San Antonio, Chicago, Boston...

04/17/2014
Avison Young Acquires Austin Real Estate Firm
Toronto-based Avison Young has acquired Commercial Texas, LLC, an Austin, Texas-based commercial real estate services firm, giving it 11 new employees and a new office in Texas. Founded in 1997, Commercial Texas handled more than $67 million in lease...

04/16/2014
Judge Orders CompStak to Disclose Names of Alleged Infringers of CoStar’s Copyrights
In an important development late last week, U.S. District Judge Alvin K. Hellerstein ordered CompStak Inc. to disclose the names and addresses of its users that allegedly misused CoStar's proprietary data and photos while populating the competing service...

04/16/2014
Vornado Becomes Latest to Spin Off REIT Into Crowded Strip Shopping Center Field
Executing a move that's been in the works since last summer, Vornado Realty Trust (NYSE:VNO) announced a plan to spin off its non-Manhattan portfolio of 81 strip shopping centers and four malls into a new publicly traded REIT. The strip shopping centers...

04/16/2014
Price Momentum Continues to Build for Commercial Real Estate
This month's CoStar Commercial Repeat Sale Indices (CCRSI) provides more evidence of two broad trends in the commercial real estate investment market: the continued strong demand for top quality institutional-grade assets by big investors, and widening...

04/16/2014
With Transaction Market Taking Off, Cushman & Wakefield Sharpens Services to U.S. Investors
It's been a busy month for Cushman & Wakefield. With big changes already well under way in the C-suite and solid 2013 results fueled by strong capital flows and improving real estate fundamentals, the New York City-based global commercial real estate...

04/16/2014
CBL Planning Major Restructuring of its Mall Portfolio
CBL & Associates Properties, Inc., one of the largest owners and developers of malls and shopping centers in the U.S., has embarked on an aggressive plan to jettison under-performing shopping centers and redeploy the proceeds into higher-growth properties...

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