Each week, CoStar’s Research Analysts and News Team research the latest deals and report on major leases and building sales, new construction and deliveries, new hires and promotions, and changing trends in market conditions — and publish them on our…
Posts from ‘December, 2009’
Dizengoff Invests in Colonial Promenade
Colonial Properties Trust sold the main portion of the Colonial Promenade shopping center in Winter Haven, FL, to Dizengoff Real Estate LLC for $20.75 million or $72 per square foot. The proceeds from the transaction were used to reduce Colonial Properties…
Largo Nightclub Changes Hands for $1.1M
The nightclub/bar at 8680 Park Blvd. in Largo, FL, sold for $1.1 million, or $142 per square foot, in a sale between private investors.
The 7,820-square-foot retail building was built in 1980 on about 1.5 acres.
Robert Romano of Frank Burns Realty…
Lease Up/Lease Down (Dec. 27 - Jan. 2) Major Law Firm Renewals Close Out the Year
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…
CoStar’s Retail News Roundup: December 2009
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…
CoStar’s Deals of Note for Wednesday
ATLANTA
Tower Place 200 Foreclosed Upon & Sold for $32M
By Finerve Holder
Tower Place 200 in Atlanta has been foreclosed upon and sold for $32 million, or about 123 per square foot. The property avoided auction back in October when it went into receivership…
Seifert Joins Forge Capital Partners
Michelle Seifert has been recruited by Forge Capital Partners as the new director of sales and leasing.
Previously with Grubb & Ellis|Commercial Florida, Seifert served as the vice president of the retail services group. She has over 18 years of…
CoStar’s Deals of Note for Tuesday
NEW YORK
Law Firm Renews & Expands at MetLife Bldg.
By Andrew Deichler
Gibson Dunn & Crutcher LLP is renewing and expanding at The MetLife Building in Manhattan, signing a 260,000-square-foot lease through 2031. The law firm, which has been a tenant…
CoStar’s Deals of Note for Monday
GREENVILLE/SPARTANBURG, NATIONAL
Home Depot Expanding Logistics Operations
By Andrew Deichler
Home Depot is expanding its logistics operations, adding more than 1 million square feet of industrial space through next year.
Developer IDI has just…
CoStar’s People of Note (Dec. 13-19)
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…