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CoStar's People of Note (Jan. 29-Feb. 4)
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
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
Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement
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...
Flaminogo Professional Court Sold for $1.1M
The Siegel Group purchased the 37,242-square-foot medical office building at 3530 E. Flamingo Rd. in Las Vegas, Nevada. Bank of America, NA sold the building for $1.05 million, or $28 per square foot, in an REO sale.
The building was delivered in 2001 on 2.6 acres in Clark County. Reportedly this property was 88 percent vacant at the time of sale.
Richard Luciani and Michael Kammerling of Grubb & Ellis represented the seller. The buyer was...
Real Money: Goldman Sachs Hits the Street with $1.15 Bil. CMBS Deal
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...
In The Pipeline: CoStar Development & Construction News for Jan. 29 - Feb. 4
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...
Market Trend: Las Vegas's Retail Vacancy Decreases to 10.9%
The Las Vegas retail market experienced a slight improvement in market conditions in the fourth quarter 2011.
The vacancy rate went from 11.1% in the previous quarter to 10.9% in the current quarter. Net absorption was positive 222,717 square feet, and vacant sublease space increased by 10,076 square feet.
Tenants moving into large blocks of space in 2011 include: Nice Cars of Nevada moving into 44,000 square feet at 2575 E Sahara Ave;...
CoStar's People of Note (Jan. 22-28)
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
LAST CALL! Deadline Is Next Week for CoStar Power Broker Awards
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...
Behringer Harvard Appoints New President, CEO of REITs
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...
Henderson Office Bldg Sells for $1.1M
Medical Innovations and Training Institute purchased its 7,760-square-foot office building at 1534 W. Warm Springs Rd. in Henderson, NV for $1.14 million, or about $147 per square foot.
The buyer occupied the single-story building for 18 months prior to the purchase. The buyer exercised a lease option to purchase the building; the purchase price was established at the time the option was exercised.
The seller, James Riggs of Platinum Advisors...
In The Pipeline: CoStar Development & Construction News for Jan. 22-28
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.
Follow me on Twitter for live news updates.
CA Firm Named Hudson...
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