Posts from ‘May, 2010’

Editor’s Note: This week, I will be attending the NAREE Conference in Austin, TX, to accept an award for last year’s special report, Landlords Offer Major Perks in Uncertain Market. As a result, Lease Up and Lease Down have been condensed, and will…

NEW YORK
RXR Acquiring Interest in 340 Madison
By Andrew Deichler

RXR Realty is under contract to purchase a 49 percent stake in 340 Madison in Manhattan from D.E. Shaw Group. The real estate firm is paying $279.3 million, based on a property valuation…

This week’s People of Note includes the following markets: Atlanta, Charlotte, Houston Los Angeles, New York City and Retail

LOS ANGELES, RETAIL
Champion Targets $500M in Retail Acquisitions; Boss to Lead Initiative

Champion Real Estate Co. announced…

This week’s edition of In The Pipeline, BioBAT, a huge proposed bioscience facility at the 97-acre Brooklyn Army Terminal, has moved onto the architect’s drawing board; New York City Schools last week broke ground on a $500 million mixed-use development…

WASHINGTON, DC
Major Stake in 1350 Eye St. Trades for $209M
By Covell Fitzgerald

Washington, DC-based Edge Fund Advisors, on behalf of HSBC Alternative Investments Ltd. (HAIL) and a syndicate of HSBC Private Banking Clients, purchased a majority…

Staples Inc. signed a 53,218-square-foot lease at 4661 - 4689 Oak Fair Blvd. in Tampa.

The 136,212-square-foot warehouse building was built in 2008 in the East Side Industrial submarket. It is part of the Fairfield Distribution Center. The Staples…

CoStar compiles news of corporate expansions, relocations and lease extensions in the weekly Lease Up news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on consolidatations and lease…

WASHINGTON, DC
Work Starts on Brooklyn Bioscience Facility
By Randyl Drummer

Design has begun on BioBAT, a 486,000-square-foot center for commercial bioscience on the waterfront at the 97-acre Brooklyn Army Terminal co-developed by New York City…

CoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions…

CHICAGO
Hyper Microsystems Takes 133,000 SF in Vernon Hills
By Laurie Forbes

Hyper Microsystems subleased 133,000 square feet at 100-130 Lakeview Parkway in Vernon Hills, IL. The computer storage devices manufacturer, which currently has two locations…