Top 10 Real Estate News Stories of 2009
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"Economy, tight lending, foreclosures dominate
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New-home sales fall 11% in November
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"Months' supply drops 30.7% year-over-year
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FHA delays new appraisal rules
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"RESPA rule changes still taking effect Jan. 1
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Zillow offers loan quotes through Redfin
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"Distribution deal includes revenue-sharing agreement
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Ditch condo lottery for conversion fee?
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"From Curbed.com blog
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NAR: Home sales spike in November
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"Sales rate of resale homes climbs 44% year-over-year
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Alain Pinel reports management changes
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"Larry Knapp departs company
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Bring the Blog upgrades SEO
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"Service provides articles, charts for blogs
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Where did our net worth go?
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"Commentary: 'Flat beats panic' in 2009
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2010: Go beyond property data
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"Watch for blurring of lines: online and offline
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Real estate wish list, predictions for 2010
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"Industry professionals look forward to a new year
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Major metro prices to bottom in March?
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"'Shadow inventory,' negative equity threaten home prices
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4 social media musts
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"Use tech as ticket to real estate referrals
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Short sales show steady growth
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"Lenders still foreclose on about 4 homes for every short sale
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Trading in retirement for real estate
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"About Us: People in Real Estate
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CoStar's Retail News Roundup: December 2009
From: www.costar.com
"This week in the Retail Roundup, CoStar reports on expansions or new concepts at electronics chains and Dollar General; closings, cutbacks, defaults, or bankruptcy news at General Growth, The Walking Company, USPS, Joffco Square, auto dealerships, and..."
Marcus & Millichap Promoted Maling to First VP of Investments
From: www.costar.com
"In Los Angeles, Marcus & Millichap promoted Chris Maling to the position of first vice president investments. This achievement is one of the highest levels of recognition the firm awards to its investment specialists.
Maling has been with the firm..."
Colliers Hires Zehner as Senior Managing Director
From: www.costar.com
"Mark Zehner was named senior managing director of Colliers International s U.S. property management division. Zehner will lead business development efforts for the U.S. commercial real estate management services division, work with lenders who have amassed..."
Magellan Coming to Long Beach
From: www.costar.com
"Magellan Cold Storage Co., a Colorado-based corporation, signed a 46,000-square-foot lease for five years with an additional five-year option. The company will occupy the entire building at 3100 E. 29th St. in Long Beach, CA.
In-Store Services, an..."
Nexon America Leases 37,772 SF in El Segundo
From: www.costar.com
"Nexon America, an online gaming company and creator of interactive entertainment software, leased 37,772 square feet of office space at 222 N. Sepulveda St. in El Segundo, CA. The lease term was for five years and is valued at approximately $4.4 million..."
CoStar's People of Note (Dec. 13-19)
From: www.costar.com
"This week's People of Note includes the following markets: Houston, Los Angeles and Westchester/South Connecticut.
LOS ANGELES
Colliers Hires Former RREEF Exec
Mark Zehner was named senior managing director of Colliers International s U.S. property..."
Maguire Sells Lantana Media Campus to Lionstone
From: www.costar.com
"Maguire Properties sold four buildings totaling 463,000 square feet at 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..."
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..."
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