CoStar's People of Note for Friday
From: www.costar.com
"Today's People of Note includes the following markets: Atlanta, Austin, Cincinnati, Inland Empire, Los Angeles, New York City, Northern New Jersey and San Diego.
LOS ANGELES
Watt Commercial Properties Appoints President
By Sasha M Pardy
Santa..."
South Gate Retail Center Sells for $5 Million
From: www.costar.com
"Investors Naresh and Priti Solanki of Jay Investment LLC purchased The Tweedy & State Center in South Gate, CA, for $5 million. Harold Leo Caplan Revocable Trust sold the retail property for approximately $142 per square foot.
The building at 3207..."
Watch List (Oct. 19-25): Prices Going Back in Time
From: www.costar.com
"In this week s issue:
CRE prices falling back to 2006 levels.
Housing prices dropping back to 2003 levels.
Homebuilders, building suppliers lead doubling of corporate bankruptcies.
Lightstone's Macon Mall, Burlington Mall going on the auction block
Plus..."
Under Contract (Oct. 19-25): Regional Mall Sell Set
From: www.costar.com
"In this week s issue:
We give you the latest properties Under Contract in: Mobile, AL; Tucson, AZ; Sacramento, CA; Colorado Springs, CO; Denver, CO; Wethersfield, CT; Joliet, IL; Woodridge, IL; Olathe, KS; Big Sky, MT; Durham, NC; Moonachie, NJ; Jamaica..."
Property Finance (Oct. 19-25): Hotels Booking Finance
From: www.costar.com
"Property Finance (Oct. 19-25): Hotels Booking Finance
A Weekly Column of Commercial Real Estate Finance News and Loan Leads
In this week's issue:
Hersha other hotel operators book new financings.
Glimcher wraps up refi of 2008 debt, working on..."
Closures & Layoffs (Oct. 19-25): Canning Plants: We're Not Talkin' Vegetables
From: www.costar.com
"In this week's issue:
Pepsico to can six plants.
Tesla Motors is pulling the plug in Michigan.
Lear to cut costs through next year.
Plus we report on company closures and layoffs in: Alabama, Connecticut, Iowa, Maryland, Michigan, New Jersey, Ohio..."
Expansions & Relocations (Oct. 19-25): Tax Havens? Who Would Have Thought Wyoming
From: www.costar.com
"In this week's issue:
Kaiser Permanente to move 1,000 employees.
Aberdeen is expanding in Philly.
States with the most favorable business taxes.
Plus, we give you expansion news of: ADT, Arcelor Mittal, AutoNation, Berry Plastics, DLA Piper, First..."
Broker Joins GVA Charles Dunn
From: www.costar.com
"Barbara A. Goldsmith recently joined GVA Charles Dunn in Long Beach as an associate in the Brokerage Services division. Goldsmith specializes in the sale and leasing of industrial properties in the Los Angeles and Orange County areas working closely with..."
RCMI Pays $21.5M for Holmby Bldg. in L.A.
From: www.costar.com
"Realty Center Management Inc. acquired the 56,601-square-foot building at 10474 Santa Monica Blvd. in Los Angeles for $21.5 million. Sky Broadway MVB LLC sold the office property for about $380 per square foot. The broker reported an approximate cap rate..."
JV Buys Gateway at Burbank for $40.5M
From: www.costar.com
"Invest West Financial Corp. and Santa Barbara Capital joined forces to purchase the Gateway at Burbank in Burbank, CA, from a private investment group for $40.5 million, or $543 per square foot.
The retail portfolio is at 25 E. Alameda Ave. and 101..."
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