What’s in a Name Change? Plenty When it Involves Grubb & Ellis
While on the surface, it may seem like a simple corporate name change, Grubb & Ellis Healthcare REIT II's successful transition to Griffin-American Healthcare REIT II has spawned a host…
Reports Identify Most Stressed Sectors in Corporate America
New reports issued this past week shine a spotlight on corporate segments experiencing continued stress, providing commercial real estate owners with an idea of where they can expect soft demand…
What’s To Like and Not Like in the Fed’s New Housing Market Proposals
The Federal Reserve this past week issued aggressive and controversial recommendations for dealing with more $7 trillion in housing wealth loss since the onset of the Great Recession. Many economists…
Judge Rules Lehman May Match EQR’s Offer for Archstone
In a move that could ultimately give full ownership of Archstone to bankrupt Lehman Brothers Holdings Inc., a judge on Wednesday approved Lehman’s right to match a $1.33 billion offer…
Trane Completes Lease of 625,000 SF in Southeast Memphis
Trane, Inc., a leading manufacturer of air conditioning systems, put the finishing touches last week on its 625,000-square-foot lease for the entire industrial building at 5200 Tradeport Dr. in Memphis,…
Salesforce.com Leases 402,000 SF in San Fran’s CBD
Salesforce.com took more office space in San Francisco. The CRM software and cloud computing giant signed for 401,786 square feet at 50 Fremont St., a 41-story, 817,412-square-foot office tower. The…
In The Pipeline: CoStar Development & Construction News for Jan. 8-14
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.…
LaSalle Finalizes $136M Sale of Chicago Tower to Hearn
LaSalle Investment Management sold 55 W. Monroe, a 40-story office building in Chicago’s central business district. The Hearn Co. closed on the tower for $136 million or $168 per square…
SOLD! – Fessenden Court Apartments in Portland, Oregon
We are pleased to announce the sale of our exclusively listed Fessenden Court Apartments, a 9 unit community located in North Portland, Oregon.
Projection: Rents, Incomes to Grow Together
Higher rents and drops in home ownership are helping to spur investors' interest in the apartment sector, even from developers who typically focus on malls and offices.