12 tech predictions for 2010
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"Tech Tool Shed
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From high seas to navigating the Net
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"Real Estate Connect Speaker Profile: Saul Klein
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Chasing opportunity in downturn
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"Realtor Notebook
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ComScore: Zillow overtakes Realtor.com
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"Metrics sites differ on order of top two real estate sites
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RealtyTrac launches user forums
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"Community site features profiles, e-mail alerts
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HUD updates advice to borrowers
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"Booklet updated for Jan. 1 RESPA implementation
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Zillow formalizes pay-per-listings plan
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"Fees do not apply to bulk feeds
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New year, same difference
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"Letters From the Home Front
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Fed lets short-term rate stand
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"Mortgage rates expected to rise
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Single-family starts, permits rise
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"Freddie Mac economist: Bottom is behind us
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BofA defends HAMP performance
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"Lender says it's keeping up with industry on loan mods
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2010: Google, RPR and the economy
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"A perspective on the year ahead
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Shrinking pool of foreclosure buyers?
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"Survey: Execs predict continued volatility in 2010
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Battle of the tiny apartments
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"From Curbed.com blog
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Broker seeks out the 'good life'
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"Real Estate Connect Speaker Profile: Krisstina Wise
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CoStar's Deals of Note for Thursday
From: www.costar.com
"NORTHERN NEW JERSEY
Samsung Relocating U.S. Headquarters
By Danielle Cook
Samsung Electronics America Inc. is relocating its headquarters, but will remain in Ridgefield Park, NJ.
The electronics and home appliances giant has signed on for 193..."
CoStar's People of Note (Dec. 6-12)
From: www.costar.com
"This week's People of Note includes the following markets: Dallas, Denver, Los Angeles and Orange County.
DALLAS/FORT WORTH
Trammell Appoints New Leader in DFW Bus. Unit
Adam Saphier was named head of Trammell Crow Co. s Dallas-Fort Worth Business..."
Maguire Sells Lantana Media Campus to Lionstone
From: www.costar.com
"Maguire Properties sold the 463,000-square-foot Lantana Entertainment Media Campus in Santa Monica, CA, to The Lionstone Group. The price was not disclosed. Lionstone, a Houston-based real estate investment company, made the acquisition on behalf of Lionstone..."
CalPERS Reviewing Consultants After Real Estate, Private Equity Losses
From: www.costar.com
"The investment portfolio of the California Public Employees' Retirement System (CalPERS) is showing signs of steady growth except in the areas of commercial real estate and private equity. At the same time, 2010 may prove to offer fertile opportunity..."
California To Unload 17 State Office Buildings
From: www.costar.com
"The California Dept. of General Services (DGS) awarded a contract to CB Richard Ellis Group to sell 17 state office buildings to investors. In June, Gov. Arnold Schwarzenegger directed the sale of the properties in Los Angeles, Oakland, Sacramento, San..."
Bank Watch: Honolulu, Los Angeles and Baltimore Banks Ordered To Boost Capital Soundness
From: www.costar.com
"Central Pacific Bank in Honolulu agreed to a consent order with the Federal Deposit Insurance Corp. (FDIC) and the Hawaii Division of Financial Institutions. The consent order requires Central Pacific Bank to improve its capital position, asset quality..."
Inland Sells 99 Condos in Van Nuys
From: www.costar.com
"Inland Real Estate Corp. sold 99 condominium units at 15425 Sherman Way, within a project known as Sonterra to Gidi Cohen for $6.15 million, or $62,121 per unit. This was an REO sale.
The project consists of a total of 161 condominium units. Amenities..."
Marcus & Millichap Taps Maling as First VP
From: www.costar.com
"Marcus & Millichap Real Estate Investment Services promoted Chris Maling to serve as first vice president of investments.
Maling joined the firm in 1989 becoming an associate in 1993 and a senior associate in 1995. Continuing his rise up the ranks..."
Lease Up/Lease Down (Dec. 13-19): More Consolidations as the Year Winds Down
From: www.costar.com
"News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source..."
SoCal NAIOP's Sherlock: Darkest Days Are Over For CRE Capital Markets
From: www.costar.com
"In his last message to membership, NAIOP SoCal President Thomas R. Sherlock recalled a quote by Winston Churchill: "It's no use saying, 'We are doing our best.' You have got to succeed in doing what is necessary."
As another rough year for the commercial..."
Unical Aviation Inks Largest Industrial Lease in Los Angeles This Year
From: www.costar.com
"Unical Aviation is relocating its corporate headquarters and warehouse, signing a long-term lease for a facility in City of Industry, CA.
The deal is valued at $20.6 million. At 467,119 square feet, it is the largest industrial lease in Los Angeles..."
West Hollywood Corner Retail Sells for $6.2M
From: www.costar.com
"Amadi Carpets purchased retail property at 359 N. Robertson Blvd. in West Hollywood, CA, from Joey Bishop Productions Inc., the entity the manages the affairs of late entertainer Joey Bishop, for $6.2 million, or approximately $902 per square foot.
The..."
Grossman Joins NAI Capital
From: www.costar.com
"NAI Capital s Newport Beach, CA, office hired Stephen Grossman as a senior vice president. He manages two sub- units within the firm--NAI s Self Storage Investment Group and the Self Storage Property Disposition Group.
Grossman, a self-storage investment..."
Rexford Pays $9.9M for Industrial Condos
From: www.costar.com
"Rexford Industrial LLC purchased industrial condos totaling 174,380 square feet at 9220 Hall Road in Downey, CA, from GE Capital Commercial Finance Inc. for $9.9 million, or approximately $56 per square foot, in an REO sale.
The Class B industrial..."
Lunine Joins IREA
From: www.costar.com
"Former T.R. Winston & Co. Managing Director Scott Lunine joined Encino, CA-based Investment Real Estate Associates as managing director. He will be responsible for heading the Encino office and leading expansion efforts.
Lunine spent the last five..."
Trifit Club Signs 26,000-SF Renewal/Expansion Deal
From: www.costar.com
"Trifit Club & Studios signed a renewal and expansion for approximately 26,000 square feet at 2425 Colorado Ave. in Santa Monica, CA. The value of the seven-year lease was not disclosed.
The Class A office building is nestled within the Yahoo! Center..."
Lease Up/Lease Down (Dec. 6-12): Major HQ Expansions in the Northeast
From: www.costar.com
"News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source..."
The Walking Co. Shedding Underperforming Stores
From: www.costar.com
"The Walking Co. filed for bankruptcy protection on Monday. The footwear retailer, which also owns the Big Dogs clothing line, looks to close about 90 of its underperforming locations and is seeking court approval to reject the leases on all of its closed..."
In The Pipeline: CoStar Development and Construction News for Dec. 6-12
From: www.costar.com
"In this week's issue, a planned new building in Washington, D.C.'s Founders Square which will serve as headquarters for the nation's agency in change of developing new military technology has secured a $98 million construction loan; Vornado has cancels..."
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