HOUSTON
Maxxam Sells Cooper Cameron Bldg. for $29.7M
By Leslie Kon
Maxxam Property Co. sold the office building at 4646 W. Sam Houston Parkway in Houston to Potamkin Auto Group for $29.7 million, or about $142 per square foot.
It is known as the…
Posts from ‘February, 2010’
CoStar’s Deals of Note for Monday
CoStar’s People of Note (Feb. 21-27)
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…
CoStar’s Deals of Note for Thursday
NEW YORK
New York Life Renews 88,000-SF Lease at Graybar Bldg.
By Sean Glenn
New York Life Insurance Co. signed an 87,944-square-foot renewal with SL Green at 420 Lexington Ave. in Manhattan. The insurance provider will continue to occupy the entire…
DDR Sells Town N’ Country Promenade for $7.7M
Developers Diversified Realty (DDR), an Ohio-based property REIT, sold the Town N’ Country Promenade in Tampa to IN-REL Management Inc. for $7.75 million, or $57 per square foot.
The 134,463-square-foot community shopping center at 7061 W. Waters Ave…
Lease Up/Lease Down (Feb. 21-27): Largest U.S. Office Lease in Two Years
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…
Global Law Firm Stays at Tampa City Center
Squire, Sanders & Dempsey, a global law firm with 32 offices in 15 countries, recently signed an eight-year lease renewal for the 15,658-square-foot 21st floor at Tampa City Center.
Located in the Tampa CBD, the 735,000-square-foot, Class A office…
CoStar’s Deals of Note for Wednesday
BOSTON
JV To Buy $668M Science Campus in Cambridge, MA
By Laurie Forbes
Forest City Enterprises formed a $668 million partnership with Health Care REIT Inc., which included HCN buying a 49 percent interest in FCE’s seven-building portfolio at University…
CoStar’s Deals of Note for Tuesday
WASHINGTON, DC
Bernstein Buys Stake in $250M Multifamily Portfolio
By Laurie Forbes
Bernstein Management entered into a joint venture partnership with Forest City Enterprises to purchase 50 percent interest in a three-property multifamily portfolio…
In The Pipeline: CoStar Development and Construction News for Feb. 21-27
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…
CoStar’s Deals of Note for Monday
LAS VEGAS
Icahn Pays $150M for Fontainebleau Las Vegas Resort
By Andrew Deichler
Billionaire investor and financier Carl Icahn has acquired the unfinished Fontainebleau Las Vegas resort at a steal, following the previous owner’s bankruptcy filing…