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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."
Watch List (April 27-May 3): Filling the Need for Financing
From: www.costar.com
"In this week s issue:
-- Morgan Stanley, Goldman Sachs, Shorenstein, LaSalle, it seems everyone is raising money for distressed assets; and
-- Spring has sprung but housing continues to fall.
-- Plus, we give you the latest notices of facility closures..."
Facility Closures and Layoffs (April 27-May 3)
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.
Graphic Packaging International Inc., plans to discontinue folding carton manufacturing at..."
CoStar's Daily Deals of Note for Thursday
From: www.costar.com
"MANHATTAN
Walgreens Makes One Times Square Lease Final
by Kevin Bryant
The giant billboards that line Times Square will soon have one more competitor.
Walgreens, the nation s largest drugstore chain, has leased One Times Square, the iconic, 117..."
Under Contract (April 27-May 3)
From: www.costar.com
"Roberts Realty Investors Inc. has contracted to sell its 403-unit Addison Place apartment community for $60 million. The sales price is equal to $148,883 per apartment unit or $102 per square foot. The company expects to close by June 30. Addison Place..."
Business Expansions, Relocations (April 27-May 3)
From: www.costar.com
"APS Healthcare Inc. leased 44,082 square feet of office space in the Westchester One building in White Plains, NY, where it will relocate its headquarters from Silver Spring, MD, this summer. Josh Kuriloff and Gregory V. Frisoli of Cushman and Wakefield..."
Monrovia Buys 42,000-SF Bldg. at 1714 S. California
From: www.costar.com
"The Monrovia Redevelopment Agency acquired 1714 S. California Ave. in Monrovia, CA, from Foodmakers Equipment Sales & Service LLC for $5.2 million, or approximately $123 per square foot.
When asked what the city of Monrovia's plans were for the property..."
Continental Development Buys Torrance Facility for $11M
From: www.costar.com
"Continental Development Corp. acquired the Skypark Professional Medical Building in Torrance, CA, from WRA Property Management Inc. for $11.08 million, or about $273 per square foot.
The property consists of a 40,580-square-foot office building. The..."
Cushman & Wakefield Appoints Olofson as Vice Chairman
From: www.costar.com
"Cushman & Wakefield named Eric L. Olofson II vice chairman. He received the promotion after having acted as an executive vice president for C&W out of the firm s West Los Angeles office. In addition to holding this position and handling his own client..."
Tooley Investment Sells Flex, Office Assets for $65M
From: www.costar.com
"Tooley Investment Co., of Los Angeles, sold the flex building at 12959 Coral Tree Place and the office building at 5340 Alla Road in Los Angeles. The Lionstone Group, of Houston, purchased both properties for $65 million, or approximately $434.50 per..."
Trammell Crow Names New SVP-Acquisitions
From: www.costar.com
"Harry Lake was recently promoted to senior vice president-acquisitions for the Trammell Crow Co. Pacific Southwest region. He joined the company in 2003, and in the last year has been a top performer closing more than $70 million in deals.
This new..."
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