Northrop Grumman Corp.’s decision in July to relocate its corporate headquarters from Los Angeles to a 14-story, 334,385-square-foot building it acquired in Falls Church, VA, was a huge economic development victory for Fairfax County and the state of…

Go here to read the rest:
Tenants, Landlords Could Face Dramatic Changes from New Lease Accounting Rules

Don’t blame the current wave of bank failures on commercial real estate; much of the blame belongs to bad bankers. While it is clear that commercial real estate and construction and land development loans have figured in most every bank failure in…

Read this article:
Bank Watch: Regulator Says Bankers, Not Bricks, Main Reason Behind Most Bank Failures

The summer has brought little relief to metro areas experiencing the most distress on loans held in the commercial mortgage-backed securities (CMBS) universe. However, two markets have seen a noted improvement in their respective levels of CMBS loan distress…

Visit link:
Latest CMBS Data Show More Secondary Markets Doing Better Than Some Larger Markets

Deloitte finalized its 15-year, 166,435-square-foot lease with Tishman Speyer at 555 Mission St. in San Francisco. The major international accounting and consulting firm will occupy nine full floors (four through seven and 10-15) with a move in date scheduled…

Read the original here:
Deloitte Leases 166,435 SF in San Francisco

In this week’s Pipeline, Forest City Enterprises will privatize and build family housing at four military bases in South Carolina, Tennessee and Mississippi; in Rockville, MD, business and government leaders will officially kick off a $200 million expansion…

Read more:
In The Pipeline: CoStar Development and Construction News for Aug. 29 – Sept. 4

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…

Follow this link:
Lease Down (Aug. 29 – Sept. 4): Northrop Grumman, Aviat Continue to Downsize

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…

Go here to see the original:
Lease Down (Aug. 29 – Sept. 4): Northrop Grumman, Aviat Continue to Downsize

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. In this week’s issue: BP inks a huge…

Continued here:
Lease Up (Aug. 29 – Sept. 4): BP Selects Memphis Facility to Store Gulf Cleanup Materials

This week’s People of Note includes the following markets: Atlanta, Denver, Hartford, New York City, Northern New Jersey, Retail, South Florida and Washington, DC. ATLANTA Brown Joins Cortland as Chief Acquisitions Officer Cortland Partners recruited…

Read this article:
CoStar’s People of Note (Aug. 22-28)

Cornerstone Real Estate Advisers LLC and Kettler sold the Metropolitan at Pentagon City, a 325-unit multifamily complex at 901 S. 15th St. in Arlington, VA, to Invesco for $125 million. Invesco paid $111.7 million, or about $343,700 per unit, for the…

Here is the original post:
Cornerstone, Kettler Sell Pentagon City Multifamily for $125M

Cornerstone Real Estate Advisers LLC and Kettler sold the Metropolitan at Pentagon City, a 325-unit multifamily complex at 901 S. 15th St. in Arlington, VA, to Invesco for $125 million. Invesco paid $111.7 million, or about $343,700 per unit, for the…

Read the original:
Cornerstone, Kettler Sell Pentagon City Multifamily for $125M

Since the start of 2009, buyers and sellers have transacted about $16.5 billion in distressed commercial real estate sales. Certainly more are expected to follow. Banks and CMBS special servicers are currently dealing with nearly $290 billion in distressed…

Here is the original post:
Eight Takeaways on the Current State of Distress Opportunities

The Federal Deposit Insurance Corp. (FDIC) lined up five buyers for seven newly closed banks this past week. Together the seven failed banks reported distressed commercial real estates of nearly $548 million combined. Summary of the seven banks deals…

Follow this link:
Bank Watch: Regulators Close Seven Banks with $4.4 Bil. in Assets

Baltimore Ravens star linebacker and likely Hall-of-Famer Ray Lewis has drafted a new team, RL52 Realty, a full service commercial real estate advisory firm. While the firm will help advise clients on decisions affecting all property types, the official…

View post:
This Week in Retail: NFL’s Ray Lewis Looks To Be ‘All Business’ Off the Field Too

The debate over tax cuts enacted in 2001 is expected to heat up when the U.S. Senate reconvenes in September after its summer recess. The maximum tax rate on capital gains and dividends will revert from the current 15%, a 70-year low, back to 20% on Jan…

View post:
Speculation Rising Over Impact of Expiring Capital Gains Tax Cuts on CRE Sales

STG, a contractor that provides IT services to the U.S. government, signed a 10-year office lease for 111,896 square feet at 12011 Sunset Hills Road in Reston, VA. The 12-story property totals 321,394 square feet in One Reston Overlook in the Reston…

More here:
STG Leases 111,900 SF at Reston Town Center

STG, a contractor that provides IT services to the U.S. government, signed a 10-year office lease for 111,896 square feet at 12011 Sunset Hills Road in Reston, VA. The 12-story property totals 321,394 square feet in One Reston Overlook in the Reston…

See the original post here:
STG Leases 111,900 SF at Reston Town Center

InComm signed an expansion deal that nearly doubled its space from 95,000 square feet to 186,000 square feet at the American Cancer Society Center in Atlanta. The stored-value gift and prepaid products marketer and distributor, a 14-year tenant of the…

Read more:
InComm Expands to 186,000 SF in Downtown Atlanta

Even as the level of new development and construction has fallen to historic lows nationally, a recent study suggests that recession-stung Americans appear to be more willing to support new commercial projects in their communities. That would be a rare…

Read more:
Survey: Recession Weakens ‘NIMBY’ Resistance to New Development Projects

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…

Continue reading here:
Lease Down (Aug. 22-28): Abercrombie & Fitch Shuttering 110 Stores

In this week’s Pipeline, the Empire State Building is opposing plans by Vornado Realty Trust to build a nearly 1,200-foot skyscraper in the sightlines of the historic building; a Los Angeles-based fund is providing $22.6 millionto complete the Isabella…

Link:
In The Pipeline: CoStar Development and Construction News for Aug. 22 – 28

Boston Properties said Monday that it is acquiring 510 Madison Ave. from oft-troubled New York developer Harry Macklowe. The REIT has agreed to a purchase price equal to the principal and accrued interest on the office tower’s senior mortgage and…

See the article here:
Boston Properties to Acquire 510 Madison

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. In this week’s issue: Gay Men’s Health…

Here is the original post:
Lease Up (Aug. 22-28): GMHC, WNET Sign Major Manhattan Office Deals

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. In this week’s issue: Gay Men’s Health…

Read more:
Lease Up (Aug. 22-28): GMHC, WNET Sign Major Manhattan Office Deals

Regal Entertainment Group acquired three movie theaters in Columbia, MD; Berkeley, CA; and Walled Lake, MI, from Westcore Properties for $29.14 million or $225.33 per square foot. United Artist occupies all of the locations. The assets include…

Continued here:
Regal Entertainment Buys Trio Portfolio for $29M

This week’s People of Note includes the following markets: Chicago, New York City, San Francisco and Washington, DC. CHICAGO Sellis Joins Transwestern’s Investment Sales Group The Chicago branch of Transwestern hired Janice Sellis as a director…

Follow this link:
CoStar’s People of Note (Aug. 15-21)

This week’s People of Note includes the following markets: Chicago, New York City, San Francisco and Washington, DC. CHICAGO Sellis Joins Transwestern’s Investment Sales Group The Chicago branch of Transwestern hired Janice Sellis as a director…

More here:
CoStar’s People of Note (Aug. 15-21)

While still a far cry from the avalanche some predicted would hit the market a year ago, distressed shopping malls and strip centers have contributed to a marked increase in retail sale activity this year. At the same time, a rush by institutional investors…

Go here to see the original:
Pent-Up Capital Generates ‘Ferocious’ Competition for Core, Distressed Shopping Centers

There was little to cheer about in the second quarter numbers from bank holding companies when it comes to commercial real estate lending. While banks generally reported overall improved asset quality, they noted that declines in the value of commercial…

Read more here:
CRE Lending Turns ‘a Corner,’ But Has a Few More To Turn

While the past few years have witnessed a massive increase in the amount of vacant retail space on the national “big box” market, other retailers with expansion plans see opportunity in these larger spaces made available by struggling or failed retail…

More:
This Week in Retail: Empty ‘Big Boxes’ Showing Resiliency in Strong Markets

Thomas M. Hoenig, president of the Federal Reserve Bank of Kansas City, continues his drumbeat to begin raising interest rates. Re-enforcing comments he made earlier this summer, Hoenig last week said it was time to begin tightening the fed’s purse strings…

Read more:
Real Money: Questioning the True Cost of Fed’s ‘Free Money’ Policy

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…

Follow this link:
Lease Down (Aug. 15-21): Barnes & Noble, Aviat, A&P Face Uncertain Futures

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. In this week’s issue: Caterpillar expands…

Originally posted here:
Lease Up (Aug. 15-21): Caterpillar, Great Dane, Amazon Expand

This week’s People of Note includes the following markets: Chicago, Kansas City, Los Angeles, New York City, Northern New Jersey, Philadelphia and San Francisco. NORTHERN NEW JERSEY Bangia Joins Realogy’s Global Client Solutions Team Parsippany…

See the original post:
CoStar’s People of Note (Aug. 8-14)

The Pittsburgh Penguins have already made NHL history this season – and the first puck has yet to drop. Hunt Construction Group has completed construction of the CONSOL Energy Center in Pittsburgh, the new home of the Penguins. It is the first NHL…

Follow this link:
Black & LEED Gold: Pittsburgh Penguins’ Sustainable Arena Delivers

The near-term outlook for the commercial real estate market may be clouded over concerns that stronger job creation is needed to support the nascent economic growth, the impact from possible deflation and the winding down of government stimulus, but its…

Read the original here:
CRE Outlook Choppy, Uneven for Cities, Property Types and Firms

Real estate companies and funds reported raising $3.85 billion in July for real estate-related acquisitions. Almost half of the total raised ($1.85 billion) was by commercial real estate-related firms and funds, while pooled investment funds including…

Read more:
Real Money: Investors Raise $3.85 Bil. Last Month for Real Estate Acquisitions

Fitch Ratings sees increased stability for ratings of U.S. retailers through the end of the year, according to its summer 2010 Retail Register report. In fiscal 2011, total sales are expected to grow 4% for the 27 companies under Fitch’s coverage. This…

Read more here:
This Week in Retail: Fitch Projects Modest Growth for Retailers

Two of the largest commercial real estate brokerages in their respective regions have merged with national partners over the last week as the industry continues its march toward consolidation by large full-service companies with national and international…

Follow this link:
Newmark Knight Frank, Cassidy Turley Expand Regional Presence

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…

The rest is here:
Lease Down (Aug. 8-14): Pentagon Aiming to Save $100 Billion with New Initiative

In this week’s Pipeline, The Macerich Co. officially reopens the Santa Monica Place mall in Southern California following a $265 million redevelopment; McCarthy Building Companies, Inc.wraps up construction of a children’s hospital in the Kearny Mesa…

The rest is here:
In The Pipeline: CoStar Development and Construction News for Aug. 9 – 14

In one of the largest retail redevelopments of recent years, The Macerich Co. (NYSE: MAC) Aug. 6 officially reopened Santa Monica Place as a 524,000-square-foot open-air retail center in Santa Monica, CA, anchored by Bloomingdale’s and Nordstrom. Following…

Excerpt from:
Macerich Reopens Santa Monica Place as Open-Air Retail Ctr

Brandywine Realty Trust said last week that it has acquired the leasehold interest in 1717 Arch St. in Philadelphia. The Blackstone Group sold the 1 million-square-foot office skyscraper for $129 million, or about $125 per square foot. The 53-story…

See original here:
Brandywine Acquires 1717 Arch for $129M

This week’s People of Note includes the following markets: Colliers International, Younan Properties, Cassidy Turley, PM Realty Group, Grubb & Ellis, CB Richard Ellis LOS ANGELES, SOUTH BAY Colliers Hires 25-Year Veteran to Oversee South Bay Colliers…

Read the rest here:
CoStar’s People of Note (Aug. 1-7)

Commercial real estate pricing has been a tale of two worlds, with the largest metropolitan markets attracting significant institutional capital and forcing prices upward over the first two quarters of 2010, while the broader market has continued to soften…

See more here:
CoStar Commercial Repeat-Sale Indices: A Tale of Two Investment Worlds, Merging Into One

Nearly 90% of the top apartment markets in the U.S. experienced demand growth during a solid performance for multifamily leasing in the first half of 2010. Some of the markets most ravaged by the housing collapse made the strongest gains at midyear…

Read more from the original source:
Apartment Demand Bounces Back in First-Half 2010

CB Richard Ellis (NYSE: CBG) and Jones Lang LaSalle (NYSE: JLL), the two largest publicly traded global commercial property brokerage firms, posted double-digit increases in revenues for the second consecutive quarter as rebounding investment sales and…

Go here to see the original:
Large CRE Brokerages Report Stronger Deal Activity, Earnings

The commercial real estate recovery has become dependent on, and stands precariously linked to, the re-pricing and deleveraging of property positions, according to the CCIM Institute and the Real Estate Research Corp. (RERC). That is a change from being…

See the rest here:
Re-Priced Assets Key to Commercial Real Estate Rebound

Second-quarter 2010 commercial and multifamily mortgage loan originations were 1% higher than during the same period last year and 35% higher than during the first quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial…

Visit link:
Commercial Mortgage Volume Picking Up, Particularly for Office Properties

The cumulative default rate on fixed-rate conduit U.S. commercial mortgage-backed securities rose to 9.48% at the end of the second quarter and is on track to reach 11% by the end of the year, according to Fitch Ratings. Delinquencies for commercial loans…

Read this article:
CMBS Loan Defaults Continue To Move Up