Housing is economy's elephant in the room
Commentary: President's real estate proposals 'will be without effect'
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Should leads go to buyer's agents or listing agents?
Letter to the Editor
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IRS crackdown on identity theft
Real Estate Tax Talk
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Mortgage rates probe new lows
Eight out of 10 loan applications are for refis
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Listing syndication debate heats up
Philadelphia-based broker defends Trulia, Zillow, Realtor.com
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Secrets to working with foreign homebuyers
Tapping the international buying pool
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Top 10 U.S. real estate hotspots for international house hunters
Florida is top state, Las Vegas the No. 1 city
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Inside the short-sale machine
Realtor Notebook
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Regional MLS adds augmented reality to iPhone, iPad apps
HomeSpotter overlays property information via mobile device's live camera feed
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Historic real estate offers glimpse into the past
Take a trip back in time on Realtor.com
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CoStar's People of Note (Jan. 29-Feb. 4)
This week's People of Note includes the following markets: Chicago, Dallas/Fort Worth, Los Angeles, Milwaukee/Madison, New York City, Philadelphia, Pittsburgh, South Florida, Washington, DC.
LOS ANGELES
Cockrum Joins Lowe Enterprises Investors as SVP
By Laurie Forbes
Lowe Enterprises Investors hired William M. Cockrum IV as senior vice president to head the company’s marketing and capital raising efforts. He will be based in th
GREEN LEAD | Green Building News from CoStar
GREEN LEAD is a column on environmental and sustainable design and construction, best practices for green building maintenance and operations, economic impact on developers and owners, new LEED and Energy Star building certifications, and trends in the Green Building movement.
Send in your Green News Leads to news@costar.com
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Cockrum Joins Lowe Enterprises Investors as SVP
Lowe Enterprises Investors hired William M. Cockrum IV as senior vice president to head the company’s marketing and capital raising efforts. He will be based in the Los Angeles office of the real estate investment management firm.
“LEI forecasts an attractive real estate investment environment for its targeted strategies. Over the last year we have added several talented professionals to our team to position LEI to take advantage of these opportunities...
Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement
A two-week period of exclusive negotiations between Grubb & Ellis Co. and New York-based financial brokerage BGC Partners expired Tuesday without an agreement, according to a document filed with the U.S. Securities and Exchange Commission.
Under the previous agreement, Grubb & Ellis provided an exclusive right to negotiate for BGC Partners, headed by chief executive Howard Ludnick, to pursue a debt or equity financing agreement or acquisition of...
Real Estate Holds Up its End in CalPERS, CalSTRS 2011's Minimal Returns
The nation's two largest public pension funds had trouble pulling in returns in 2011. Thankfully, though, real estate wasn't the culprit.
The California Public Employees' Retirement System (CalPERS) earned a small, but positive 1.1% return for the 12-month period ended Dec. 31, 2011.
According to CalPERS investment staff, the fund experienced a 7.9% loss in its public equity asset classes due to the high volatility of global equity markets in...
Safeway Pays $16.7M for Santa Monica Vons
Safeway Inc. purchased the 27,396-square-foot retail building at 1311 Wilshire Blvd. in Santa Monica, CA, from Williams Family Partnership for $16.7 million, or about $609 per square foot.
At the time of sale the buyer, doing business as Vons, was leasing the property and decided to purchase it. The building was completed in 1966 and is on 1.38 acres.
Chris Sands of Keller Williams Commercial represented both parties.
For more information...
Jumping Jacks To Open in San Dimas
JJ Entertainment Inc. signed a 10-year lease with two five-year options for 20,000 square feet of retail space at 186 Village Court in San Dimas, CA. It will be a new location for Jumping Jacks, an entertainment business that hosts birthday parties, fundraisers and school field trips. Build-out is expected to take approximately eight months and the anticipated opening is for late summer of this year
Built in 1981, the retail building, formerly...
Lift-It Manufacturing Buys Pomona Industrial for $4M
Lift-It Manufacturing purchased the 38,678-square-foot industrial building at 1603 W. Second St. in Pomona, CA, from Seventh Street Development for $4.06 million or $105 per square foot.
The structure was built in 2007 and was delivered vacant. The new owner relocated from Vernon to occupy the larger, newer building.
Barbara Emmons, John Privett, Lyn Eisenhower and Lyn Knox of CBRE represented the seller. Thomas Condon of Colliers International...
Lowe's Sells Canoga Park Office Bldg. for $4.9M
Lowe's Cos. sold the office structure at 8399 Topanga Canyon Blvd. in Canoga Park, CA, to Valley College of Medical Careers, a building tenant, for nearly $4.88 million or $128 per square foot.
The three-story property totals 38,113 square feet. Valley College of Medical Careers will eventually utilize the second and third floors.
Lowe's purchased the property in 2002 for excess parking for a Lowe's store location. However, the parking was...
Newbury Park Multifamily Trades for $5.1M
Gootkin Properties acquired the 30-unit Mountain Shadows Apartments building in Newbury Park, CA, for $5.1 million or $170,167 per unit. Mountain Shadows Apartments LLC was the seller.
Built in 1965, the building at 2740-2760 Borchard Road is 31,170 square feet and is on 1.97 acres. There are six one-bedroom/one-bathroom units and 24 2-bedroom/1.5-bathroom townhouse units. There is on-site laundry and the utilities are separately metered. At the...
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