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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."
20,000-SF Retail Center Sells For $6.85M
From: www.costar.com
"Kwon Joon and Myung Won Choi acquired a 20,728-square-foot retail center at 9500-9526 Sepulveda Blvd. in Los Angeles for $6.85 million, or about $330.47 per square foot. The seller's capitalization rate was 5.20% and the buyer's capitalization rate was..."
Property Finance (June 1-7): Getting a Piece of Bank Asset Sales
From: www.costar.com
"In this week's issue:
Look for more and more banks to outsource their loan sales;
JPMorgan agrees to let Indalex sell and leaseback more assets;
Plus we give you new property finance deals a valuable leads list of loans maturing in the next 12 months..."
Watch List (June 1-7): Dealing with Troubled Loans
From: www.costar.com
"In this week s issue:
BRT Realty deals with its default portfolio;
A loan on a Danbury, CT, office building goes to auction;
The economy is taking a toll on toll roads;
Plus, we give you the latest properties on the Watch List..
(EDITOR'S NOTE..."
Closures & Layoffs (June 1-7): Hummers Going the Way of Insurance Agents
From: www.costar.com
"In this week's issue:
General Motors is downsizing its truck and SUV operations;
Escalating feed prices gobbling up Hormel's turkey profits forcing it to rethink its facilities needs;
The small insurance broker is vanishing;
Plus we report on company..."
CoStar's Daily Deals of Note for Thursday
From: www.costar.com
"SILICON VALLEY
Google Leases 40 Acres at NASA Center for Future Expansion
by Randyl Drummer
NASA and Google Inc. (NASDAQ: GOOG) announced plans Wednesday to develop a new high-technology campus at NASA Ames Research Center just a short drive from..."
Expansions & Relocations (June 1-7): Brocade Sets New HQs Plan into Action
From: www.costar.com
"In this week's issue: Alcatel-Lucent, AMAG Pharmaceuticals, Barclays Global Investors, Brocade Communications, CEMEX, Cytec Industries, Harris & Harris, ING North America, KPMG, LaCrosse Footwear, Michael Baker Jr., Mustang Engineering, Peek Traffic,..."
Under Contract (June 1-7): Cap Senior Living Mulls Sale
From: www.costar.com
"Properties coming under contract this week are in: San Diego, CA; Aurora, Commerce City and Lakewood, CO; Opa Locka, FL; Lockport, IL; Kokomo, IN; Scarborough, ME; Southgate, MI; Blaine, MN; New York and Poughkeepsie, NY; Lancaster, PA; Houston, TX; Mechanicsville..."
L.A. Investor Buys Century Plaza Hotel for $366.5M
From: www.costar.com
"A group headed by Los Angeles real estate investor Michael Rosenfeld has acquired the the Century Plaza Hotel -- a '60s-era landmark and lodging for several U.S. presidents -- from Sunstone Hotel Investors Inc. (NYSE: SHO) for $366.5 million, or about..."
Kaiser Permanente Plans Move to 3100 Thornton Ave. in Burbank
From: www.costar.com
"Kaiser Permanente, a health care organization, executed a sublease for 194,196-square-feet of office space at 3100 Thornton Ave. in Burbank.
The deal includes a contract rent of $2.70 per square foot that extends to October 2015. The value of the..."
Tribune Co. Pays $175M for Newspaper Bldgs.
From: www.costar.com
"Tribune Co. has paid $175 million to acquire 10 buildings nationwide totaling more than 3.4 million square feet that house many of their daily newspapers.
Some of the larger buildings included in the deal were the Los Angeles Times Building at 202..."
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