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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."
Closures & Layoffs (May 25-31): A Barrel of Fun - NOT!
From: www.costar.com
"In this week's issue:
American Airlines is the latest to be sinking under the weighty price of a barrel of oil;
Procter & Gamble has put its Clairol Connecticut campus up for sale as it plans its exit;
Plus we report on company closures and layoffs..."
UPDATED: Property Finance (May 25-31): Longing for the Halcyon Days
From: www.costar.com
"In this week's issue:
Real estate banker John Levy tells investors: stop your bitchin';
US Bank to lead financing syndicate for Saul Centers;
CWCapital closes first loan in new program; and
Plus we give you a valuable leads list of loans maturing..."
Watch List (May 25-31): MBS Cos. Collapse 6 Months Later
From: www.costar.com
"In this week s issue:
MBS Cos.'s huge apartment portfolio has taken a big hit since defaulting;
The Nat';l Association of Realtors settles its antitrust case with the Department of Justice;
Equibase and WestCorp To JV on Distressed Apartments;
Plus..."
CoStar's Daily Deals of Note for Thursday
From: www.costar.com
"MANHATTAN
Boston Properties Lands Macklowe s GM Trophy, Three Others for Almost $4B
by Randyl Drummer
Macklowe Properties s $4 billion sale of four Midtown Manhattan office towers, including the 2-million-square-foot General Motors trophy tower at..."
Expansions & Relocations (May 25-31): NYPD Eyes 3 Million SF
From: www.costar.com
"In this week's issue: 1000 Bulbs.com, Amazon.com, British Airways, Cambridge Major Labs, CDW Corp., Citicorp, Comerica Bank, Elsevier, Globe Specialty Metals, Goodwin Procter, Hamline University, Johnson Controls, Nanogen, Nestl , New York Police Department..."
Under Contract (May 25-31): Boston REIT Bails Out New York Developer
From: www.costar.com
"Properties coming under contract this week are in: Phoenix, AZ; Morgan Hill, CA; Denver, CO; Weston, FL; Smyrna and Suwanee, GA; Des Moines, IA; Gurnee, IL; Lincoln, MA; Carolina Beach and Wilmington, NC; Fair Lawn, NJ; Inwood, Long Island City and New..."
Palmdale Arby s Fetches $995/SF
From: www.costar.com
"The 3,056-square-foot Arby's restaurant at 1037 W. Rancho Vista Blvd, sold for $3.043 million. Alice Alves purchased the net leased property from Mike Brumagin of Capitas Group LLC. The restaurant generates a net operating income of approximately $175..."
Investor Acquires 4,000-SF Retail Bldg
From: www.costar.com
"Carl H. Tiedemann acquired a 4,773-square-foot retail building at 2116 Main St. in Santa Monica for $3.85 million or about $807 per square foot. The buyer's capitalization rate was 4.60.
The building is on 0.21 acres and is zoned C3. There were no..."
Apartment Sells for $5.85 Mil in Sherman Oaks
From: www.costar.com
"Budget Real Estate Co. sold the 19-unit apartment complex at 14625 Dickens St. to GF Properties, a Los Angeles-based real estate investment company.
Total consideration for the sale was $5.85 million or $307,895 per unit.
The deal was the seller..."
Foothill Blvd. Office Property Sells in La Canada
From: www.costar.com
"2258 Foothill Blvd. in La Canada Flintridge, CA, also known as the Pleasant Care Building, sold for $2.54 million or about $471 per square foot. Pleasant Care Corp. sold the property to recorded buyer 2258 Foothill Blvd LLC.
The property sold at the..."
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