During 2009, Men’s apparel retail chain, Men’s Wearhouse, opened 6 new, but closed 41 stores. Due to geographic overlap caused by its 2006 acquisition of the AfterHours Formalwear chain, the company has identified 145 stores that it would likely close…

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Men’s Wearhouse Identifies 145 Stores for Probable Closure

General Growth Properties (NYSE:GGP) announced that a joint venture between Pershing Square Capital Management and Fairholme Capital Management said they would commit $3.925 billion of new equity capital, at a value of $15.00 per share, to facilitate…

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Updated: Pershing Square & Fairholme Capital Offer $3.925B to General Growth

Pittsburgh, PA-based specialty apparel retailer, American Eagle Outfitters (NYSE:AEO), is shuttering its MARTIN + OSA banner, including its 28 stores and online business. The company expects to conclude the liquidation of the MARTIN + OSA stores, which…

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American Eagle Shuttering 28 MARTIN +OSA stores

In addition to keeping an eye on declining property values, falling rents and rising vacancy rate numbers, the commercial real estate community is also concerned over ominous signs in banking industry numbers. One big area of concern is the fact that…

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Thinning Loan Loss Coffers May Restrict CRE Lending

LeaseFlorida LLC in Miami Lakes, FL, foreclosed on two failed residential condominium projects. In the first deal, Cypress Bay condo project in the Sunset Harbor area of Miami Beach. Cypress Bay was a planned 20-unit with ground floor retail at 1225…

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Investors Picking Up Unfinished Condo Projects

One Main Street LLC, a New York-based investment fund, agreed to acquire tiny Liberty Bank Inc. of Salt Lake City. The transaction is subject to regulatory approval. One Main Street has filed an application to become a bank holding company with the…

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Bank Watch: Building a New Banking Company Out of Distress

Commercial real estate lending has tentatively started to flow, but as any building owner will attest, credit isn’t easy to obtain and the onslaught of maturing commercial mortgages is chipping away at the confidence of investors. The challenges to…

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Recent Improvement in CRE Liquidity Welcomed, But Loan Maturities Loom Large

CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…

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Lease Up/Lease Down (Mar. 7-13): UBS Renews, Postal Service Unveils 10-Year Plan

The International Council of Shopping Centers’ (ICSC) latest Shopping Center Executive Survey showed that shopping center executives’ confidence in the present economic situation and expectations for the future, while muted, are better and improving….

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Shopping Center Execs Voice Improving Confidence Despite Major Challenges

Eight regional commercial real estate firms that teamed up to become one in January officially launched as Cassidy Turley on March 1. The firms comprising Cassidy Turley include Cassidy & Pinkard Colliers in Washington, DC, Colliers Turley Martin Tucker…

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NEW PLAYER: Cassidy Turley’s Mark Burkhart On Launching a Major New CRE Firm

The Executive Office of Health and Human Services for Massachusetts signed a lease for 114,451 square feet of office space at HarborSouth Tower in Quincy. MassHealth and other related divisions will occupy floors four through eight at 100 Hancock St….

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HHS Leases 114,500 SF in Quincy

In this week’s edition of In The Pipeline, Forest City’s Atlantic Yards mixed-use project is scheduled to finally break ground this week. Meanwhile, another long delayed development project, the Guasti Historic District in Ontario, CA,has begun with…

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In The Pipeline: CoStar Development and Construction News for March 7-13

UBS is extending its stay at One North Wacker Drive in Chicago, also known as the UBS Tower. The Swiss financial services firm has renewed for 400,000 square feet in the office tower, a total of 13 floors. The 10-year lease, set to commence in 2012…

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UBS Renews, Consolidates in Chicago

Faced with a probable $238 billion shortfall over the next 10 years, the United States Postal Service has outlined a new plan to cut costs and return the agency to long-term profitability. The Postal Service’s new plan outlined several additional…

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10-Year Plan Indicates Post Office Closures

This week in the Retail Roundup, CoStar reports on expansions or new concepts at TJX Companies and Kohl’s; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at Swoozie’s and the Northgate Mall; acquisition, merger, loan, sale…

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CoStar’s Retail News Roundup: Mar. 7 – 13, 2010

Elbit Plaza USA, a new real estate investment venture jointly formed by Elbit Imaging and Plaza Centers N.V., has entered into a co-investment agreement with Eastgate Property, an affiliate of international real estate fund manager, NCH Capital. Specifically…

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Elbit Plaza USA Aims to Invest up to $1B in U.S. Retail Real Estate

Oakbrook, IL-based Inland Real Estate Acquisitions, Inc., the purchasing arm of The Inland Real Estate Group of Companies, Inc., completed the acquisition of a portfolio of 16 shopping centers totaling 3.5 million square feet. The REIT acquired the portfolio…

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Inland Acquires 16-Center Portfolio for $424M

U.S. Bankruptcy Court Judge Allan Gropper granted General Growth Properties an additional 120-day exclusive window to file its bankruptcy reorganization plan. The four-month extension is less than the 180 days that General Growth requested, but is significantly…

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General Growth Granted Extension to File Reorganization Plan

Large dollar property sales seem to be emitting faint sparks of hope for the commercial real estate outlook so far in 2010, particularly in the multifamily and hospitality sectors. To be certain, the number of property sales with price tags of $5 million…

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Signs of Hope Seen in Investment Sales Activity

While multifamily vacancy rates are expected to stabilize in certain markets, Fitch Ratings’ outlook for the sector in the near-term remains negative. Although vacancy rates are expected to reach their peak of 8.9% in 2010, rents will take longer to recover…

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CMBS Outlook: Multifamily Still Stressed; Retail Half Way There

CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…

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Lease Up/Lease Down (Feb. 28 – Mar. 6): Hummer: Stalling Out for Good?

Add store closings to the list of categories where ‘less bad’ has become the ‘new good.’ The International Council of Shopping Centers (ICSC) issued its latest semi-annual report on store closings and found that the huge wave of store closures that…

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Retailers Expected to Close Fewer Stores in 2010

Commercial real estate development and construction activity continued to plumb new depths in 2010, according to new government data. And a leading indicator of future construction activity finds even fewer projects on the drawing boards. According…

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By The Numbers: Commercial Developers Off to A Rough Start in 2010

The amount of distressed commercial real estate assets on the books of the nation’s banks and thrifts approached $60 billion as of year-end 2009. That is up from $52 billion just three months earlier, a 15% increase. The $59.9 billion includes loans…

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Distressed CRE Assets Jump 15% at Nation’s Banks

Starwood Property Trust agreed to acquire a $503 million portfolio of performing commercial mortgages from TIAA-CREF for approximately $510 million, plus accrued interest. The fixed-rate portfolio consists of 18 senior first mortgage A-notes and two…

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Starwood Buying a Half Billion Dollars in Performing Loans from Teachers

International real estate investment and services investment firm Kennedy Wilson has acquired a $342 million loan portfolio from a large regional bank. The loan portfolio is composed of residential, hotel, retail, office, land, multifamily and other…

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Kennedy Wilson Completes Largest Buy in its History – A Loan Portfolio

In an attempt to hang on to every penny Citizens First Bancorp Inc., the Port Huron, MI-based holding company for CF Bancorp, has voluntarily delisted its common stock from the NASDAQ stock exchange. The decision to delist is part of the company’s…

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Bank Watch: Citizens First: Squeezing and Being Squeezed

Los Angeles-based CB Richard Ellis Investors purchased the Mass Court apartments at 300 H St. NW in Washington, DC, for $100.5 million, or about $270,889 per unit, according to public record. Prudential Real Estate Investors, acting on behalf of institutional…

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CBRE Investors Buys East End Apts. for $100.5 Million

General Growth Properties (OTC: GGWPQ) is attempting to head off a hostile $10 billion takeover by Simon Property Group by striking a friendly recapitalization deal with Toronto-based Brookfield Asset Management Inc. But this game is far from over. If…

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General Growth Cuts Deal With Brookfield in Bid to Exit Bankruptcy

CoStar compiles news of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers in the weekly Lease Up/Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial…

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Lease Up/Lease Down (Feb. 21-27): Largest U.S. Office Lease in Two Years

Concern continues to mount in Congress about the potential impact of weak commercial real estate markets on the economic recovery, even as major legislation overhauling regulations for the nation’s banking and financial system move closer to the Senate…

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Sen. Dodd: CRE Problems Require ‘Prompt and Robust’ Action By Regulators

Rent has been a hot topic among retail REIT executives as fourth quarter 2009 financial reports continue to roll in. Across the board retail REITs have reported challenged NOIs in looking back on 2009, driven by declines in occupancy and continued rent…

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Rent Trends Remain a Hot Topic Among Retail REIT Execs

Forest City Enterprises formed a $668 million partnership with Health Care REIT Inc., which included HCN buying a 49 percent interest in FCE’s seven-building portfolio at University Park at MIT, a 1.2-million-square-foot life sciences campus in Cambridge…

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JV To Buy $668M Science Campus in Cambridge, MA

In this week’s edition of In The Pipeline, the development arm of Opus Corp. is exploring all options — including its possible sale — as Opus continues to struggle in the bruising CRE market; billion investor Carl Icahn has acquired the unfinished…

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In The Pipeline: CoStar Development and Construction News for Feb. 21-27

Last week, controversial defense contractor KBR signed the largest office deal in the United States in nearly two years, leasing a total of 1.2 million square feet in Houston. Brookfield Properties extended the construction company’s 700,000-square…

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KBR to Remain in Houston, Inks 1.2 Million-SF Deal

Bernstein Management entered into a joint venture partnership with Forest City Enterprises to purchase 50 percent interest in a three-property multifamily portfolio in suburban Washington, DC, valued at $250 million, or approximately $186,567 per unit…

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Bernstein Buys Stake in $250M Multifamily Portfolio

Billionaire investor and financier Carl Icahn has acquired the unfinished Fontainebleau Las Vegas resort at a steal, following the previous owner’s bankruptcy filing and inability to complete the costly project. Icahn Enterprises closed on the hotel…

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Icahn Pays $150M for Fontainebleau Las Vegas Resort

The autopsy of 16 bank fatalities completed this year have identified commercial real estate lending as the primary killer in more than half (nine) of the cases, and an accomplice in one other. In the seven cases in which CRE was not specified, the…

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Risky CRE Lending Deadly for Banks

Even as banking regulators and politicians deal with the fallout from the collapse of commercial real estate values and the subsequent impact on the banking systems, it appears that an increasing number of lenders are more inclined to jump back into the…

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Risky or Not, Lenders Slowly Opening Vaults to CRE Lending Again

Lennar Corp. in Miami, FL, closed on the purchase of two structured loans transactions with the FDIC. The transactions represent the purchase of two portfolios of loans with a combined unpaid balance of $3.05 billion. Lennar acquired indirectly 40…

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Lennar Acquires $3 Billion Distressed Loan Portfolio

Annaly Capital Management Inc. priced its public offering of $500 million in aggregate principal amount of its 4% convertible senior notes due 2015. Annaly granted the underwriter of the notes a thirty-day option to purchase up to an additional $75 million…

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Real Money (Feb. 11): Capital Raisings, Property Financings

In January, In The Pipeline reported that ground work has begun on a $400 million, 18,500-seat stadium for the Kansas City Wizards soccer team near the Kansas Speedway in the Village West district of Kansas City, KS. This month, the state has given the…

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Kansas Officials Green-Light Speedway Casino Project

Jones Apparel Group, Inc. (NYSE: JNY) is planning to close 166 underperforming stores this year. During 2009, the retailer closed 99 and opened 20 stores, to end the year with 938 retail stores. Jones has not identified the brand or location of the remaining…

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Jones Apparel to Shutter 166 Stores in 2010

In early November, health-care real estate operator HCP, Inc. chief executive Jay Flaherty told investors that the reopening of capital markets, combined with “the expected near-term passage” by Congress of healthcare reform legislation, could set forces…

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Healthcare Reform Impasse, Choppy Market Dulls Appetite for MOB Deals

In a move rivaling its top competitor’s 2008 acquisition of Longs Drugs, Walgreens (NYSE, NASDAQ: WAG) is acquiring New York-based drugstore chain Duane Reade from its private equity owners, Oak Hill Capital Partners, for $1.075 billion, which includes…

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Walgreens Acquiring Duane Reade for $1.075B

A group of funds sponsored by Brookfield Asset Management has acquired a 16-property, 2.9-million-square-foot office portfolio from JPMorgan Chase. Brookfield has now acquired more than 100 properties totaling about 12 million square feet over the last…

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Brookfield Fund Picks Up Nearly 3 Mil-Sq.-Ft. Portfolio From JPMorgan

Losses from defaults on commercial real estate loans maturing in the next few years could go as high as $300 billion, threatening to topple nearly 3000 community banks nationwide, a federal watchdog group has concluded.

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Commercial Real Estate Losses Could Hit $300 Billion: TARP Panel …

All content on this site is strictly the opinion of the member and does not necessarily convey the beliefs of CREPIG or it’s associates. CREPIG(tm) Commercial Real Estate – Distressed Commercial Property – CRE Funding – Investments . …

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Commercial Real Estate Losses Could Hit $300 Billion: TARP Panel …

The field of commercial real estate has been experiencing an increase in the demand of people looking for an affordable place in which to do.

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Commercial Real Estate Landlord Representation | Viva Blog !

All content on this site is strictly the opinion of the member and does not necessarily convey the beliefs of CREPIG or it’s associates. CREPIG(tm) Commercial Real Estate – Distressed Commercial Property – CRE Funding – Investments …

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Shares or outright purchase of Coal Mine in South Africa …