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From: www.inman.com
"Please contact the Inman News Syndication Department to receive information on how to put our news on your website."
Facility Closures and Layoffs (April 13-19)
From: www.costar.com
"This article is excerpted from Watch List, a weekly column of market conditions, company expansions and contractions and real estate investment opportunities.
The following future closings and permanent mass layoffs were reported in California.
-..."
Watch List (April 13-19): Market Volatility Upends Even GE's Real Estate Results
From: www.costar.com
"In this week s issue:
-- General Electric planned for a difficult first quarter, but not this difficult;
-- One housing market forecast that was wrong, and one we hope that is wrong;
-- Moody's says commercial real estate markets are stable but weakening..."
Property Supply-Demand Balance Remains in Check
From: www.costar.com
"Real estate markets that support commercial mortgage backed securities (CMBS) are generally stable or weakening only moderately, according to Moody's Investors Service's latest quarterly Red-Yellow-Green report.
Moody's Red-Yellow-Green scores assess..."
CoStar's Daily Deals of Note for Thursday
From: www.costar.com
"WASHINGTON, DC
Vico Capital Sets Record With $172.5M Purchase of D.C. Office Bldg.
by Steven Ferreira
In the priciest per-square-foot transaction ever for a Class A office building in Washington, DC, Vico Capital, an Ireland-based private equity..."
Business Expansions, Relocations (April 13-19)
From: www.costar.com
"ABB Robotics, a leading manufacturer of industrial robots, signed a 10-year lease agreement with the Brown Road Ltd. in Auburn Hills, MI, keeping the company at the headquarters it has been situated in for more than 15 years. ABB will continue to maintain..."
Under Contract (April 13-19)
From: www.costar.com
"Cornerstone Core Properties REIT Inc. agreed to purchase Monroe North CommerCenter, an existing multi-tenant industrial property, from Realvest-Monroe Commercenter LLC for $15.2 million. The property consists of 181,300 square feet of leaseable space..."
Investors Trade 6 L.A. Multifamily Properties for $8M
From: www.costar.com
"Two Worlds Preservation LP purchased six multifamily properties in Los Angeles from Rao Yalamanchili of PR Properties LP and PI Properties No 19 LP for $8.16 million or $85,000 per unit.
The buyer used LA City second loans, and received low income..."
Investor Sells Sylmar Industrial Bldg. for $2.68M
From: www.costar.com
"Karen Hornberg of KH Enterprises LLC purchased the property at 12811 Foothill Blvd. in Sylmar, CA. Edward Cholakian of Edward Cholakian Jr. 2004 Trust sold the site for $2.68 million, or about $159.50 per square foot.
The property is a 16,800-square..."
Fountainhead Sells 2175 W. Rosecrans Ave. in Compton
From: www.costar.com
"Fountainhead Development sold a 15,969-square-foot retail building at 2175 W. Rosecrans Ave. in Compton, CA, to Ribiero Trust. Total consideration for the sale was $2.63 million, or approximately $164.50 per square foot.
The property was built last..."
CoStar's Retail News Roundup: Apr. 13 to 19, 2008
From: www.costar.com
"This week in the Retail Roundup, CoStar reports on expansions or new concepts at Bed Bath & Beyond, Banana Republic, Pollo Campero, Christopher & Banks, Regal Cinemas and Rite Aid; new retail developments in MA and AZ; acquisition, merger, loan or sale..."
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