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05/27/2015
Retailers Struggle To Find Balance Between Expanding Online or Opening More Stores
Despite upbeat sales projections from retailers, strong consumer-confidence levels and a host of other positive-trending economic indicators, retailers are still struggling to find the best approach to funding growth in the new U.S. retail marketplace...

05/27/2015
Property Owners Reporting Strong 2014 NOI Gains
Commercial real estate owners posted strong net operating income (NOI) growth last year. For the properties reporting year-end 2014 financials, NOI grew by 2.8% on average, compared to growth of 2.64% in 2013, according to Wells Fargo Securities. Wells...

05/27/2015
Q&A: California’s Dire Need for Water, Playing into Burl East’s CRE Investment Strategy
Earlier this month, California regulators approved unprecedented water cutbacks for the state’s residents and imposed water restrictions on farmland as it tries to deal with the state’s worst drought in more than a century. San Diego-based Burl East...

05/27/2015
Top Apt. Developer Wood Partners On the Market?
Seeking to capitalize on the continued strong apartment expansion, the controlling investor in Wood Partners LLC, one of the nation's largest and most active apartment developers, has reportedly hired a broker to shop the firm to potential buyers. The...

05/27/2015
Large Portfolio Deals Underscore Investor Appetite for Hotels
With hotel occupancies and sales prices continuing to increase, investors of all stripes continue to buy-up properties. Just last week, a non-traded REIT announced a $1.7 billion purchase of a 149-property selected service portfolio, and Starwood Capital...

05/26/2015
Kushner Buys 250,000-SF Times Square Retail Condo
Jared Kushner's Kushner Companies has acquired the ground-floor retail condominium in The Times Square Building at 229 W. 43rd St. in New York City from a partnership between Africa Israel USA and an affiliate of the Five Mile Capital Partners LLC. The...

05/26/2015
Saddle Creek Logistics Signs Largest Industrial Lease in Midwest YTD
In the largest industrial lease transaction signed in the Midwest year-to-date, Saddle Creek Logistics has agreed to relocate its Illinois operations to a new 1.11 million-square-foot build-to-suit in Joliet, IL. The new distribution facility will...

05/26/2015
Lewis Brisbois Extends 215,000-SF Lease at US Bank Tower
Lewis Brisbois Bisgaard & Smith LLP has made the temporary space it hastily moved into back in December at U.S. Bank Tower its new permanent office. When a fire at an adjacent apartment building under construction forced the law firm out of 221 N...

05/26/2015
Office Lease Up (May25) North Shore-LIJ Takes 252,000 SF for 32 Years
North Shore-LIJ Health System, one of the largest integrated health systems in the U.S., signed a 32-year lease for 252,000 square feet in the North Hills building at 600 Community Dr. in Manhasset, NY. The four-story, 252,000-square-foot office building...

05/22/2015
CoStar's People of Note (May 17 - 23)
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: South Florida, Charlotte, Los Angeles, Orlando, Atlanta, New York City...

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