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CoStar's Daily Deals of Note for Thursday
8/27/2008 9:20 PM
SAN ANTONIO; CINCINNATI Proposed Student Housing Changes Hands by Luis Hernandez The joint venture of Atlanta-based Place Properties and Chicago-based Blue Vista Capital Management LLC has invested $44 million in two proposed student-housing complexes........

Two Leases Completed at Flagler Station
8/26/2008 9:11 PM
Makita Latin America Inc. and FedEx Ground have leased more than 100,000 square feet of industrial space at the Flagler Station campus in Medley, FL. Makita, an industrial power tools company, renewed 56,224 square feet at 10205 NW 108th Ave., while........

West View Apts. Sells for $9.4M
8/26/2008 3:47 AM
Pan-American Collections & Apts. Inc. purchased the West View Apartments in Hialeah, FL, from 2990 Enterprises Inc. for $9.45 million, or $94,500 per unit. The 100-unit complex was constructed in 1972 at 1781 W. 62nd St. Please see CoStar COMPS........

Equity One / DRA Advisors JV Spends $53M on South Florida Portfolio
8/25/2008 9:21 PM
In a joint venture with DRA Advisors, shopping center REIT Equity One (NYSE: EQY), completed the acquisition of three properties in South Florida. The joint venture acquired the properties for $53 million - it obtained a $38.9 million mortgage loan........

CoStar's Retail News Roundup: Aug. 24 to 30, 2008
8/25/2008 3:21 AM
This week in the Retail Roundup, CoStar reports on expansions or new concepts at hhgregg, Pinkberry, Zumiez, Stage Stores, Giggles N' Hugs, J. Christopher, and CVS; new retail developments in MO, TX and PA; acquisition, merger, loan or sale activity at........

Banco Itaú Takes 40,000 SF in Miami
8/24/2008 10:43 PM
Banco Itaú Europa International leased 38,143 square feet at Wachovia Financial Center in Miami, where it will employ 150 people on almost two full floors in the 55-story tower. The location will be the flagship American office for Banco Itaú, Brazil........

IN THE PIPELINE (Aug. 24-30): Solar Energy Development Heats Up
8/24/2008 9:44 PM
Editor’s Note: With all the unsettling economic headlines, it's important to also hear about what's going right in today's commercial real estate market. CoStar Group has launched a new column on significant land sales, transactions and trends affecting........

Federal Realty Buys Boca Raton Portfolio
8/22/2008 2:07 AM
Federal Realty Investment Trust acquired two buildings on Beracasa Way in Boca Raton, FL, for $6.71 million, or about $274 per square foot. The buildings, both outparcels of the Del Mar Shopping Village, include a 17,590-square-foot office at 7015........

Jefferson Square Complex Sells for $3.9M
8/21/2008 10:29 PM
Sawgrass Commerce Realty Inc. acquired the Jefferson Square office complex in North Lauderdale, FL, from Expressions Enterprises for $3.92 million, or $76 per square foot. The complex includes four buildings totaling 51,500 square feet at 6041-6047........

Ramco-Heitman JV Closes on Plaza at Delray
8/21/2008 3:25 AM
Ramco-Gershenson Properties Trust (NYSE:RPT) recently closed on the contribution of Plaza at Delray, a 330,000-square-foot community shopping center located in Delray Beach, FL to an 80/20 joint venture between Heitman LLC and Ramco. The venture secured........

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Trend Report: Retail Sales Transactions Continue to Close
8/27/2008 5:32 AM
There's no doubt that retail property sale transaction volume has dropped significantly this year in comparison to the record levels recorded before the credit markets changed so dramatically. But, often overlooked is the fact that a steady stream of........

Companies Pursue Diverse Real Estate Energy Solutions
8/27/2008 3:03 AM
In this issue of CoStar Green Report: Energy Star labels aplenty for Glenborough Is your beer green? A clean energy future for Blackstone Solar projects for JCPenney, Northface & GM In California, Energy Star Labels Pile Up for Glenborough Glenborough........

Building Smarter: Strategies for Brokers and Developers on Managing Spiraling Construction Costs
8/27/2008 12:19 AM
It's no secret that the U.S. commercial real estate industry is feeling the bite of rising costs for construction materials. Just when construction costs appeared to have leveled off, another spike is compounding the impact of construction financing woes........

UPDATED: A Dud of a Thriller? Commercial Real Estate Drama Lacks a Killer
8/25/2008 11:23 PM
Just as a good thriller can bring an audience to the edge of its seat in anticipation of that pinnacle of dread, the anxiety has mounted in intensity this summer within commercial real estate markets waiting for that long-predicted moment of economic........

Colliers International Names EVP, U.S. Ops.
8/25/2008 9:42 PM
Colliers International has selected Carolyn J. Sidor as its new executive vice president, U.S. Operations. Working out of Colliers' Boston headquarters, Sidor will be responsible for overseeing the company's 99 offices across the United States. A 20........

Equity One / DRA Advisors JV Spends $53M on South Florida Portfolio
8/25/2008 9:21 PM
In a joint venture with DRA Advisors, shopping center REIT Equity One (NYSE: EQY), completed the acquisition of three properties in South Florida. The joint venture acquired the properties for $53 million - it obtained a $38.9 million mortgage loan........

Northland Acquires $270M Apt. Portfolio in Austin
8/25/2008 9:04 PM
Northland Investment Corp. has closed on the largest multifamily deal to date in Austin, TX. The privately held real estate investment group purchased nine apartment communities from Equity Residential Properties Trust for $270 million, or about $90........

CoStar's Retail News Roundup: Aug. 24 to 30, 2008
8/25/2008 3:21 AM
This week in the Retail Roundup, CoStar reports on expansions or new concepts at hhgregg, Pinkberry, Zumiez, Stage Stores, Giggles N' Hugs, J. Christopher, and CVS; new retail developments in MO, TX and PA; acquisition, merger, loan or sale activity at........

IN THE PIPELINE (Aug. 24-30): Solar Energy Development Heats Up
8/24/2008 9:44 PM
Editor’s Note: With all the unsettling economic headlines, it's important to also hear about what's going right in today's commercial real estate market. CoStar Group has launched a new column on significant land sales, transactions and trends affecting........

Bank of America Finalizes Sale of LaSalle Bank Bldg.
8/24/2008 9:42 PM
Two months after it was revealed that Bank of America Corp. was close to selling the LaSalle Bank Building to AmTrust Realty Corp., the deal has finally closed. AmTrust Realty acquired the Chicago office tower at 135 S. LaSalle St. for approximately........

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SEC Lays Out Accounting Shift
8/27/2008 11:01 PM
The SEC kicked off a process that could ultimately require all American companies to follow international accounting standards. ......

Fannie Names New CFO, Risk Chief
8/27/2008 10:06 PM
Fannie Mae shook up its top ranks, announcing its chief business officer and two others are leaving as it moves to save capital. Shares surged 15%. ......

Spending on Servers Slowing
8/27/2008 10:04 PM
World-wide spending on servers is showing signs of slowing down as manufacturers resort to price cuts. ......

Mobile Phones See Slower Growth
8/27/2008 8:25 PM
The economic slowdown is still hurting the global handset market as consumers delay purchases, a report found. ......

Lehman's 'Mea Culpa'
8/27/2008 7:49 PM
Lehman apologized for issuing a report on the semiconductor industry that in places "closely resembled" two 2007 reports authored by a Bernstein analyst. ......

CBS Gives CNET Site a Makeover
8/27/2008 9:58 PM
CBS is launching a new version of its CNET.com Web site this week, providing a glimpse at how it hopes to integrate CNET Networks. ......

Neuberger Would Carry Extra Cost: Incentives
8/27/2008 9:08 PM
If private-equity or foreign buyers end up purchasing Lehman's investment-management division, they will also have to pony up extra to keep expensive talent at the Neuberger unit from leaving. ......

American Media May Receive Lifeline
8/27/2008 10:02 PM
American Media has secured the backing of many of its creditors for a new bond offering to refinance $570 million in existing debt. The deal likely saves the struggling tabloid publisher from having to seek bankruptcy protection. ......

Lockheed's New Ship Passes Review
8/27/2008 9:23 PM
After passing a U.S. Navy review, Lockheed Martin is closing in on delivering a new warship that will be a milestone in the defense contractor's expanding foray into shipbuilding. ......

Detroit's Big Three Seek Loans
8/27/2008 10:03 PM
Detroit's beleaguered auto makers must overcome tight timelines and tricky election-year politics to win support for as much as $50 billion in government loans. ......

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Economy Grew 3.3% in 2nd Quarter
8/28/2008 1:57 PM
The U.S. economy was much stronger in the spring than first thought, with GDP rising 3.3%, but the pace is expected to slow over the rest of the year......

Durable-Goods Orders Climb
8/27/2008 6:47 PM
Demand for expensive goods rose 1.3% in July, an unexpected gain, thanks to a dollar-fueled export boom that analysts warn may soon fade as overseas growth slows. A barometer of business-equipment spending climbed by 2.6%......

Inflation Data Damp ECB Rate-Cut Hopes
8/27/2008 5:01 PM
Slowing German inflation suggested price growth in the euro zone likely peaked during July, but ECB officials tried to damp market expectations that interest rates might be reduced soon......

Fed Minutes Show Split on Inflation Risk
8/27/2008 2:40 AM
Fed officials downgraded their economic forecast at their last policy-setting meeting, according to meeting minutes. Some officials appeared divided over the degree of the inflation threat and the extent to which financial turmoil is weighing on the economy. (Minutes......

Europe's Gloom Is Boon to Dollar
8/28/2008 10:20 AM
As the economic picture in Europe darkens, the U.S. dollar is proving to be the main beneficiary. The dollar has gained about 8% vs. the euro, 9% vs. the pound and 5% vs. the Japanese yen since mid-July......

Residential Loan Delinquencies Rise
8/27/2008 2:29 PM
Delinquencies and losses on loans backing residential mortgage-backed securities issued in 2006 and 2007 continued to weaken through the first half, Moody's said......

Housing Market Still Under Pressure
8/27/2008 8:01 AM
Home prices are improving in some parts of the country but still falling sharply in hard-hit places like Phoenix, as the weak housing market and shaky consumer confidence continue to weigh on the battered U.S. economy......

Dallas Banker Presents Grim Outlook
8/27/2008 8:11 PM
Federal Reserve Bank of Dallas President Richard Fisher presented a challenging outlook for the economy and policy makers, in an interview, and tied the future of monetary policy to incoming data......

Economy Challenges Obama Agenda
8/26/2008 6:53 PM
Obama is proposing to use the government to remake economic policies in a way that Washington hasn't seen in decades. If an Obama administration pursues an activist agenda, it could alienate the rising number of conservative Democrats......

Number of Uninsured Declines
8/26/2008 10:37 PM
The Census Bureau reported that the number of people lacking health insurance dropped by more than one million in 2007, the first annual decline since the Bush administration took office. The nation's poverty rate held steady......

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Grain Rally Fertilizes U.S Farm Prices
4/7/2008 11:00 PM
The surge in demand for corn, soybean and wheat has raised Midwestern land values, but experts worry that the farmland market is a bubble waiting to burst. ......

Centro Properties Receives Buyout Bids
4/6/2008 11:00 PM
At least five suitors -- including Citadel Investment -- are looking to buy the cash-strapped retail-property firm. ......

Legislation Would Give Builders a Big Break
4/3/2008 11:00 PM
A bipartisan provision unveiled Wednesday by Senate leaders would allow companies to apply current losses to taxes paid four years ago, instead of the current two-year carry-back. ......

Traders Rally Around Home-Builder Stocks
4/3/2008 11:00 PM
Investors are preparing for the housing market to level off and perhaps start to rebound. ......

Office Rentals Show A Decrease in Demand
4/3/2008 11:00 PM
Businesses are pulling back on renting space a sign economic weakness is hitting landlords. The leasing slowdown will likely exacerbate the decline in commercial construction. ......

REITS Make Comeback Amid Housing Bust
4/2/2008 11:00 PM
Stocks of real-estate investment trusts staged a modest rally in the first quarter, driven by strong gains by operators of apartment buildings and self-storage space. ......