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Industry News |
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National Commercial Real Estate News From CoStar Group
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CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.
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Retail Outlook: Cautious Optimism as Tipping Point In Shopping Center Rents Expected In 2012
Retail property rents are expected to begin to rise later this year as demand for store space in shopping centers and malls slowly soaks up available space and, combined with the dearth of new space under development, finally tips the supply and demand balance.
Improvements in market fundamentals are starting to spread into secondary markets and smaller shopping centers typically occupied by Mom-and-Pop businesses, according to CoStar?s 2011 Retail...
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Good Vibrations the Continuing Theme for the Multifamily Business
Overlooking the fact that the 20- to 34-year-old renters driving the robust apartment market are probably too young to remember the Beach Boys, apartment REIT Camden Property Trust played the surfer anthem on its pre-earnings conference call music to set the theme for the ongoing apartment industry rebound.
"Our pre-conference music was chosen today to commemorate the 50th anniversary of the Beach Boys," explained Richard J. Campo, chairman and...
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Forest City To Divest its Land Business, Some Retail
After starting out in the land development business 60 years ago, Forest City Enterprises Inc. will reposition or divest its land holdings and is actively reviewing alternatives to do so.
Instead, Forest City is launching a new, four-year strategic plan that will focus its business on its core rental products - apartments, office and retail - in its core markets of New York, Washington DC, Boston, Dallas, Los Angeles, San Francisco and Denver....
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Slower Than Expected Job Growth Could Be the Norm Thru 2020
There was good news and bad news for commercial real estate in the employment numbers that came out this past week.
While the 243,000 jobs added in January was certianly good news, the projections of slower population growth and a decreasing overall labor force are expected to lead to slower civilian labor force growth through 2020, according to the U.S. Bureau of Labor Statistics (BLS). Slower job growth means slower real estate space demand.
Industries...
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More Than 750 Banks at Risk of Failure over Next Two Years
Despite last year's dip in U.S. bank failures, at least 758 lending institutions are at risk of failure over the next two years, according to an analysis by Invictus Consulting Group, which conducts stress and sustainability tests on all FDIC-insured banks for regulators, banks and investors.
Based on all publicly available data on banks for the third quarter ended Sept. 30, 2011, Invictus said that, absent corrective action to raise capital or...
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Graphic Packaging Inks 109,556-SF Office Lease
Graphic Packaging International, a packaging manufacturer, leased 109,556 square feet at RiverEdge Summit at 1500 RiverEdge Parkway in Atlanta, GA.
The company will initially move its headquarters into 86,525 square feet in the first quarter of next year, but iStar Financial, the owner, will also build a state of the art, 23,000-square-foot product development center that will be attached to 1500 RiverEdge Parkway.
The property is a nine...
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Riverbed Technology Leases 170,000 SF in San Francisco
Building renovations have started at 680 Folsom St. in San Francisco's south financial district and so has leasing activity. Networking firm Riverbed Technology leased floors two through six totaling 167,788 square feet under a triple net lease with a 10-year initial term.
The building, which is currently undergoing renovations, will serve as Riverbed's global headquarters. The firm expects to occupy the space following consturction completion...
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$92M Cruise Terminal For America's Cup Events Gets Off the Line In San Francisco
Construction has begun on the Port of San Francisco's long-awaited 88,000-square-foot cruise terminal at Pier 27, quickly following the Board of Supervisors approval of an environmental report on the terminal and events related to the 34th America?s Cup events to be held in the city this year and in 2013.
San Francisco Mayor Edwin M. Lee said the James R. Herman Cruise Terminal is a key port infrastructure project to host the prestigious 160...
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In The Pipeline: CoStar Development & Construction News for Feb. 5-11
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. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail.
ACC Begins Student Housing Project at Drexel University
American...
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CoStar's People of Note (Jan. 29-Feb. 4)
This week's People of Note includes the following markets: Chicago, Dallas/Fort Worth, Los Angeles, Milwaukee/Madison, New York City, Philadelphia, Pittsburgh, South Florida, Washington, DC.
LOS ANGELES
Cockrum Joins Lowe Enterprises Investors as SVP
By Laurie Forbes
Lowe Enterprises Investors hired William M. Cockrum IV as senior vice president to head the company?s marketing and capital raising efforts. He will be based in th
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Industry News