Real estate Darwinism
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"Perspective: 2020 Re-Envision
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Taking type beyond Arial and Times
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"Real estate tech review: TypeKit
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Top 20 reasons to fire your client
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"How agents rise above dishonesty, disrespect
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Global home prices show uneven recovery
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"From Global Edge
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A voice for independents
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"About Us: People in Real Estate
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Brits buy record number of second homes
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"From Global Edge
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Sunk Cost
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"Wheel Estate Cam: Episode 14
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Bye-bye equity
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"Commentary: Underwater homes snag economy
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NAR: Existing-home sales rise 11.5%
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"Northeast sees biggest year-over-year gain
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Market Leader: $7.4M net loss in '09
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"Software product accounts for 52% of Q4 revenue
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Twitter: an agent's perspective
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"From Global Edge
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RealtyTrac partners with RealtyJoin
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"Marketing will focus on real estate investors
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5 tools to promote your events online
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"Tech Tool Shed
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Condo developers get into lending game
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"From The Real Deal
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HUD clarifies flat-fee disclosure
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"Brokers can combine commission, flat fee on HUD-1
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CoStar's Deals of Note for Tuesday
From: www.costar.com
"CALIFORNIA
Equity One May Acquire Liberty International's $560M U.S. Retail Portfolio
By Sasha Pardy
Liberty International Plc, the largest owner of shopping centers in the U.K., is considering selling off its U.S. office buildings and malls in..."
CoStar's People of Note (Feb. 21-27)
From: www.costar.com
"This week's People of Note includes the following markets: Chicago, Atlanta, Chicago, Orange County and Washington, DC.
ATLANTA
Lane Co. Names New President
Atlanta-based Lane Co. tapped Cindy Pfeifer as president. George Lane, founder of the..."
Skincare Company Expands to Torrance
From: www.costar.com
"Murad, a skincare product manufacturer, acquired 1340 W. Storm Parkway in Torrance, CA, from Storm Industries for $7.2 million, or approximately $125 per square foot. The company will expand into the 57,343-square-foot distribution building this quarter..."
North Hollywood Apt. Complex Sells for $6.4 Million
From: www.costar.com
"J & B Asset Management purchased the Terraces at Toluca, a 32-unit apartment complex at 10834 Blix St. in North Hollywood, CA, from Latitude Management Real Estate Investors for $6.41 million, or about $200,312 per unit. The complex traded in a 1031 exchange..."
Woodland Hills Office Bldg. Earns LEED Silver
From: www.costar.com
"Hines, an international real estate firm, earned the U.S. Green Building Council s LEED Silver certification for its office building at 5700 Canoga Ave. in Woodland Hills, CA.
The five-story, 179,336-square-foot building was constructed in 2005 in..."
Aaron Brothers Bldg. in Santa Monica Trades for $4M
From: www.costar.com
"Esther Funk and Joanne Crawford sold a 9,940-square-foot retail building at 1641-1645 Lincoln Blvd. in Santa Monica, CA, to George and Debra Tash for $4.15 million, or about $418 per square foot.
The single-story freestanding property was built in..."
Colliers Adds SVP to Retail Services Group
From: www.costar.com
"Morgan McEvoy joined Colliers International s Retail Services Group as senior vice president. McEvoy specializes in leasing retail power centers and shopping centers throughout greater Los Angeles.
He said he chose Colliers because: This move has..."
KBS Realty Names SVP of SW Acquisitions & Dispositions
From: www.costar.com
"KBS Realty Advisors named Christopher Aust as senior vice president and director of acquisitions and dispositions for the southwest region. He will identify acquisition targets in southern California, Nevada, Arizona, New Mexico and Colorado.
The..."
Three Commercial Lots in Rosemead Sell for $8.8M
From: www.costar.com
"Reliable Wholesale Lumber Inc. sold three lots totaling approximately 3.37 acres at 8614 Valley Blvd. in Rosemead, CA, to Sen Won LLC for $8.8 million, or about $2.61 million per acre.
Although the buyer purchased the property because of the land,..."
Redondo Beach Office Bldg. Sells for $614 PSF
From: www.costar.com
"The Terence C. McGaughey Trust and Spirito Family Trust acquired a 2,892-square-foot office building at 116 Avenue I in Redondo Beach, CA, from Joseph Carl Alflen Trust for nearly $1.76 million, or approximately $614 per square foot. The property sold..."
Hunt To Oversee Grubb's New SoCal Region
From: www.costar.com
"Grubb & Ellis Co. tapped Chuck Hunt to head the firm s newly created Southern California region. Hunt, who has overseen the Los Angeles area as executive managing director for nearly two years, will now manage the Ontario, Anaheim and Newport Beach offices..."
Lease Up/Lease Down (Feb. 21-27): Largest U.S. Office Lease in Two Years
From: www.costar.com
"CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial..."
Kennedy Wilson Completes Largest Buy in its History - A Loan Portfolio
From: www.costar.com
"International real estate investment and services investment firm Kennedy Wilson has acquired a $342 million loan portfolio from a large regional bank.
The loan portfolio is composed of residential, hotel, retail, office, land, multifamily and other..."
In The Pipeline: CoStar Development and Construction News for Feb. 21-27
From: www.costar.com
"In this week's edition of In The Pipeline, the development arm of Opus Corp. is exploring all options -- including its possible sale -- as Opus continues to struggle in the bruising CRE market; billion investor Carl Icahn has acquired the unfinished..."
Risky CRE Lending Deadly for Banks
From: www.costar.com
"The autopsy of 16 bank fatalities completed this year have identified commercial real estate lending as the primary killer in more than half (nine) of the cases, and an accomplice in one other.
In the seven cases in which CRE was not specified, the..."
Real Money (Feb. 11): Capital Raisings, Property Financings
From: www.costar.com
"Annaly Capital Management Inc. priced its public offering of $500 million in aggregate principal amount of its 4% convertible senior notes due 2015. Annaly granted the underwriter of the notes a thirty-day option to purchase up to an additional $75 million..."
In The Pipeline: CoStar Development and Construction News for Feb. 14-20
From: www.costar.com
"In this week's Pipeline, the owner of the Century Plaza Hotel strikes a deal with preservationists to revise its development plan to avoid demolishing the L.A. landmark. Over the mountains in Hollywood, meanwhile, W Hotels unveils its $350 million hotel..."
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