5 best ways to market your listings to other agents
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"Target marketing is more than just reaching as many agents as possible
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3 reasons people want to buy homes
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"Mood of the Market
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A home on San Francisco's 'Billionaire Row': $8.85M
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"House of the Week: from Curbed.com
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Those brass light fixtures send a message to buyers: C-H-E-A-P
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"Rooms for Improvement
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Texas regulator issues cease and desist order against flat-fee FSBO site
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"Texas Real Estate Commission alleges unlicensed brokerage activities
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The residences of U.S. presidents
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"From Nixon to Obama: their homes before, after the White House
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A home where the reptiles roam
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"An alligator in the tub, an iguana out back
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Housing is economy's elephant in the room
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"Commentary: President's real estate proposals 'will be without effect'
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Should leads go to buyer's agents or listing agents?
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"Letter to the Editor
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IRS crackdown on identity theft
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"Real Estate Tax Talk
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Mortgage rates probe new lows
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"Eight out of 10 loan applications are for refis
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Listing syndication debate heats up
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"Philadelphia-based broker defends Trulia, Zillow, Realtor.com
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Secrets to working with foreign homebuyers
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"Tapping the international buying pool
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Top 10 U.S. real estate hotspots for international house hunters
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"Florida is top state, Las Vegas the No. 1 city
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Inside the short-sale machine
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"Realtor Notebook
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Parking to Go Green in Urban Centers
From: www.costar.com
"The International Parking Institute published its Framework on Sustainability for Parking Design, Management, and Operations, outlining industry-wide goals and action items to provide education, incentives and forums for members to learn about and contribute to sustainable parking solutions.
According to IPI Chair Casey Jones, CAPP, "This, Framework represents a fundamental shift in thinking and reflects the integral role parking professionals..."
Watt Awards Industrial Leasing Assignment to Lee
From: www.costar.com
"Watt Properties, a division of Watt Cos., selected Lee & Associates to oversee its California industrial portfolio within the cities of Long Beach, Torrance, Carson and Northridge.
The assets include 12 buildings: 16131 S. Maple Ave., 1201 Francisco St., 2130 Technology Place, 2140 Technology Place, 2200-2250 Technology Place, 2161-2181 Technology Place, 2131 W. 19th St., 19749 Dearborn St., 19734-19736 Dearborn St., 19748 Dearborn St., 19735..."
CoStar's People of Note (Jan. 29-Feb. 4)
From: www.costar.com
"This week's People of Note includes the following markets: Chicago, Dallas/Fort Worth, Los Angeles, Milwaukee/Madison, New York City, Philadelphia, Pittsburgh, South Florida, Washington, DC.
LOS ANGELES
Cockrum Joins Lowe Enterprises Investors as SVP
By Laurie Forbes
Lowe Enterprises Investors hired William M. Cockrum IV as senior vice president to head the company s marketing and capital raising efforts. He will be based in th"
GREEN LEAD | Green Building News from CoStar
From: www.costar.com
"GREEN LEAD is a column on environmental and sustainable design and construction, best practices for green building maintenance and operations, economic impact on developers and owners, new LEED and Energy Star building certifications, and trends in the Green Building movement.
Send in your Green News Leads to news@costar.com
Latest Research on Green Real Estate Now Available"
Cockrum Joins Lowe Enterprises Investors as SVP
From: www.costar.com
"Lowe Enterprises Investors hired William M. Cockrum IV as senior vice president to head the company s marketing and capital raising efforts. He will be based in the Los Angeles office of the real estate investment management firm.
LEI forecasts an attractive real estate investment environment for its targeted strategies. Over the last year we have added several talented professionals to our team to position LEI to take advantage of these opportunities..."
Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement
From: www.costar.com
"A two-week period of exclusive negotiations between Grubb & Ellis Co. and New York-based financial brokerage BGC Partners expired Tuesday without an agreement, according to a document filed with the U.S. Securities and Exchange Commission.
Under the previous agreement, Grubb & Ellis provided an exclusive right to negotiate for BGC Partners, headed by chief executive Howard Ludnick, to pursue a debt or equity financing agreement or acquisition of..."
Real Estate Holds Up its End in CalPERS, CalSTRS 2011's Minimal Returns
From: www.costar.com
"The nation's two largest public pension funds had trouble pulling in returns in 2011. Thankfully, though, real estate wasn't the culprit.
The California Public Employees' Retirement System (CalPERS) earned a small, but positive 1.1% return for the 12-month period ended Dec. 31, 2011.
According to CalPERS investment staff, the fund experienced a 7.9% loss in its public equity asset classes due to the high volatility of global equity markets in..."
Safeway Pays $16.7M for Santa Monica Vons
From: www.costar.com
"Safeway Inc. purchased the 27,396-square-foot retail building at 1311 Wilshire Blvd. in Santa Monica, CA, from Williams Family Partnership for $16.7 million, or about $609 per square foot.
At the time of sale the buyer, doing business as Vons, was leasing the property and decided to purchase it. The building was completed in 1966 and is on 1.38 acres.
Chris Sands of Keller Williams Commercial represented both parties.
For more information..."
Jumping Jacks To Open in San Dimas
From: www.costar.com
"JJ Entertainment Inc. signed a 10-year lease with two five-year options for 20,000 square feet of retail space at 186 Village Court in San Dimas, CA. It will be a new location for Jumping Jacks, an entertainment business that hosts birthday parties, fundraisers and school field trips. Build-out is expected to take approximately eight months and the anticipated opening is for late summer of this year
Built in 1981, the retail building, formerly..."
Lift-It Manufacturing Buys Pomona Industrial for $4M
From: www.costar.com
"Lift-It Manufacturing purchased the 38,678-square-foot industrial building at 1603 W. Second St. in Pomona, CA, from Seventh Street Development for $4.06 million or $105 per square foot.
The structure was built in 2007 and was delivered vacant. The new owner relocated from Vernon to occupy the larger, newer building.
Barbara Emmons, John Privett, Lyn Eisenhower and Lyn Knox of CBRE represented the seller. Thomas Condon of Colliers International..."
Lowe's Sells Canoga Park Office Bldg. for $4.9M
From: www.costar.com
"Lowe's Cos. sold the office structure at 8399 Topanga Canyon Blvd. in Canoga Park, CA, to Valley College of Medical Careers, a building tenant, for nearly $4.88 million or $128 per square foot.
The three-story property totals 38,113 square feet. Valley College of Medical Careers will eventually utilize the second and third floors.
Lowe's purchased the property in 2002 for excess parking for a Lowe's store location. However, the parking was..."
Newbury Park Multifamily Trades for $5.1M
From: www.costar.com
"Gootkin Properties acquired the 30-unit Mountain Shadows Apartments building in Newbury Park, CA, for $5.1 million or $170,167 per unit. Mountain Shadows Apartments LLC was the seller.
Built in 1965, the building at 2740-2760 Borchard Road is 31,170 square feet and is on 1.97 acres. There are six one-bedroom/one-bathroom units and 24 2-bedroom/1.5-bathroom townhouse units. There is on-site laundry and the utilities are separately metered. At the..."
Real Money: Goldman Sachs Hits the Street with $1.15 Bil. CMBS Deal
From: www.costar.com
"Goldman Sachs is the putting out the first new CMBS offering of 2012.
GS Mortgage Securities Trust 2012-GC6 is a pool of 80 fixed-rate loans totaling $1.15 billion and backed by 127 properties.
The loans were originated by Goldman Sachs Mortgage Company (45.8%), Citigroup Global Markets Realty Corp. (45.1%), and Archetype Mortgage Funding ILLC (9.1%).
According to Moody's Investors Service, the concentration of multifamily and manufacturing..."
Trammell Crow, Principal Launch $1B Development Program
From: www.costar.com
"Principal Real Estate Investors and Trammell Crow Co. have paired up again to establish a national development program to develop $1 billion in office and industrial buildings in targeted markets throughout the U.S.
Under the program, Trammell Crow will co-invest with Principal Real Estate Investors in the projects to be developed and provide all development services. The venture recently closed on its first deal, acquiring an 11.6-acre tract of..."
In The Pipeline: CoStar Development & Construction News for Jan. 29 - Feb. 4
From: www.costar.com
"In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail.
Trammell Crow, Principal Launch $1B Development Program
Principal..."
CoStar's People of Note (Jan. 22-28)
From: www.costar.com
"This week's People of Note includes the following markets: Dallas, Denver, National, New York City, Orange County, San Francisco and Washington, DC.
DALLAS, NATIONAL
Behringer Harvard Appoints New President, CEO of REITs
By Laurie Forbes
Behringer Harvard hired Michael J. O'Hanlon as an executive vice president of the firm and as CEO and president of Behringer Harvard Opportunity REITs I and II. He took the place"
Renew or Relocate? Incumbent Landlords Willing To Sweeten the Pot
From: www.costar.com
"While perhaps not a nationally significant or unusual deal by itself, U.S. Cellular's renewal this past month of an office lease in Madison, WI, succinctly depicts the current state of leasing.
U.S. Cellular agreed to extend its lease with affiliates of Wells Real Estate at the U.S. Cellular Building, a four-story, 102,000-rentable-square-foot office building. The Chicago-based carrier leases 73% of the building and owns a 45% equity interest in..."
LAST CALL! Deadline Is Next Week for CoStar Power Broker Awards
From: www.costar.com
"This is it! Don't miss out on this opportunity to have your 2011 professional accomplishments recognized by making sure you get credit for the leases and sales you closed in 2011 and you may qualify for the CoStar Power Broker Awards!
The deadline to submit your transactions is next Wednesday, February 1, 2012. As the leading industry award recognizing the "best of the best" in commercial real estate brokerage, the CoStar Power Broker Awards..."
Devon Joins Rexford Industrial
From: www.costar.com
"Jerry Devons joined Rexford Industrial, a privately held Southern California industrial real estate investment firm, as director of leasing and asset management.
Devons will oversee the leasing and asset management for the company's industrial property portfolio. The Penn State grad was previously at RREEF, a member of the Deutsche Bank Group, serving as its vice president of asset management responsible for operating, leasing and improving the..."
Nima Accessories Buys Cerritos Industrial Assets
From: www.costar.com
"Nima Accessories Inc. acquired the two industrial buildings at 16804-16808 Gridley Place in Cerritos, CA, from The Laskey Family Trust for $7 million or $66 per square foot.
The assets total 105,680 square feet, and are equipped with two dock-high doors, nine ground-level doors and 800 amps/272-480 volts.
Nima Accessories is an accessory business and will use the location as its warehouse/office/showroom.
Stephen Calhoun and Matthew Erickson..."
Whitestone Bldg. in Glendale Sells for $247 PSF
From: www.costar.com
"Morv Investment purchased a 13,962-square-foot office building at 144 N. Glendale Ave. in Glendale, CA, from Barger Investments LLC for approximately $3.45 million or $247 per square foot.
Built in 1982, the property known as the Whitestone Professional Building is on the southeast corner of East Wilson Avenue and North Glendale Avenue. The new owner/user acquired the asset as an investment plans to take some space in the building.
Kris Hons..."
Behringer Harvard Appoints New President, CEO of REITs
From: www.costar.com
"Behringer Harvard hired Michael J. O'Hanlon as an executive vice president of the firm and as CEO and president of Behringer Harvard Opportunity REITs I and II. He took the place of Robert S. (Bob) Aisner who was tapped as vice chairman of the REITs.
O'Hanlon has more than three decades of industry experience with a background in asset management, corporate and loan restructuring and capital markets. He formerly served on the board of BH REIT II..."
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