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Business Accountant - Real Estate News!

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Los Angeles Real Estate News

Watch List (April 6-12): The Vehicle that Caused the Wreck
From: www.costar.com

"In this week s issue: reforming the mortgage securities market to prevent another wreck; what's good for single-family ain't necessarily good for multifamily; Scott Rechler's 2008 suburban New York outlook; roadside blues for truck stops; western lumber..."

Facility Closures and Layoffs (April 6-12)
From: www.costar.com

"This report is excerpted from Watch List, a weekly column of market conditions, company expansions and contractions and real estate investment opportunities. Total nonfarm payroll employment continued to trend down in March (-80,000), and has fallen..."

Under Contract (April 6-12)
From: www.costar.com

"Pier 1 Imports Inc. agreed to sell its corporate headquarters in Fort Worth, TX, to a subsidiary of Chesapeake Energy Corp. The company has maintained its headquarters in the building since completion of construction in 2004. The company plans to continue..."

Business Expansions, Relocations (April 6-12)
From: www.costar.com

"AMEC Paragon Inc. leased the entire third floor of Sam Houston Crossing 1 (54,755 square feet) at 10343 Sam Houston Parkway, near Highway 249 in Houston, TX. This office is expansion space for an additional 300 employees. The firm's headquarters is in..."

CoStar's Daily Deals of Note for Wednesday
From: www.costar.com

"CHICAGO Hines Lands One North Wacker for $540M by Andrew Burr A subsidiary of Hines U.S. Core Office Fund LP has paid $540 million for the 51-story UBS Tower at One North Wacker in Chicago's business district. RREEF sold the 1.4 million-square..."

Wilshire Spalding Building Sells for $55 Mil.
From: www.costar.com

"The Lefrak Organization has purchased 120 S. Spalding Drive in Beverly Hills, CA. The Class A medical/office building sold for $55 million, or approximately $869 per square foot. The property was 100% leased at the time of sale, with a reported cap rate..."

Granada Hills Retail Earns $372/SF
From: www.costar.com

"Investors, Mutih and Huda Abdulhai, purchased the strip center at 16156 San Fernando Mission Blvd. in Granada Hills, CA, for $3.8 million, or approximately $372 per square foot. The Fogel Family sold this 10,207-square-foot retail center with a cap rate..."

CoStar's Retail News Roundup: Apr. 6 to 12, 2008
From: www.costar.com

"This week in the Retail Roundup, CoStar reports on expansions or new concepts at Best Buy, CarMax, Talbot's, Jamba Juice, UFood, Lexus and Whole Foods; new retail developments in CO, NJ, OH, GA, and TX; acquisition, merger, loan or sale activity at Triple..."

Ethan Penner Joins CB Richard Ellis Investors
From: www.costar.com

"CB Richard Ellis Investors hired Ethan Penner as executive managing director and member of the executive committee. Penner joins the firm from Pacific Star Capital. Penner said of his new position, "The current market environment has created opportunity..."

Plaza San Gabriel Sold
From: www.costar.com

"Walter and Connie Ching along with Albert Ching purchased 704-712 W Las Tunas Dr. in San Gabriel for $7.7 million. They purchased the property from K&J Mission LLC. The property sold at the close of a 40-day escrow period. Plaza San Gabriel is comprised..."

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creation and tracking of events.
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