http://www.commercialpropertynews.com The latest news and information from CommercialPropertyNews.com en-us 2007 CommercialPropertyNews.com Mon, 13 Oct 2008 11:45:881 EDT Realestate News Mon, 13 Oct 2008 08:04:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i30ada968e38372559400bfedf1fe638a Realestate News http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i30ada968e38372559400bfedf1fe638a Ownership of the 54,000-square-foot industrial facility at 2341 N. Pacific St. in Orange, Calif., recently changed hands in a deal between Fisher Printing Inc. and Vanderplow Properties. Mon, 13 Oct 2008 06:23:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i677aeab462cd125f131af7093b2211b6 Realestate News Coreen Bailor, Research Editor http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i677aeab462cd125f131af7093b2211b6 Increasingly mounting concerns surrounding the health of the economy, meshed with sluggish employment growth, continues to drag down markets across the country. Orlando’s office market--although somewhat buoyed by employment growth experienced in the hospitality and tourism sectors--is no exception. Mon, 13 Oct 2008 06:53:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i5c4d8ac24396d86eb51b346323225ce3 Realestate News Elena Gontar, Staff Writer http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i5c4d8ac24396d86eb51b346323225ce3 The Swig Co. has announced it has completed its planned recapitalization of One Beach Street, a 97,000-square-foot office building acquired by the company earlier this year. The asset is situated in the North Waterfront submarket of San Francisco. Fri, 10 Oct 2008 01:12:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3ib51a5e93dda16ab70f68bc0ce6dccd30 Realestate News Barbra Murray, Contributing Editor http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3ib51a5e93dda16ab70f68bc0ce6dccd30 After days of unquestionably heated talks, Citigroup Inc. has decided to relinquish its bid to buy Wachovia Corp.'s banking operations. This paves the way for Wells Fargo & Co. to follow through with its proposed $15.1 billion acquisition of the troubled financial institution. Fri, 10 Oct 2008 10:28:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i30ada968e3837255008110d6ff8a9c50 Realestate News Elena Gontar, Staff Writer http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i30ada968e3837255008110d6ff8a9c50 The modest second-quarter growth rates experienced in Washington, D.C., and Northern Virginia evaporated in the third quarter, according to a CB Richard Ellis Inc. report. The entire region saw an essentially flat market with slowing leasing activity. Thu, 09 Oct 2008 06:24:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i7e19cce243eb21aa5844cf140514065d Realestate News Thomas Peretti, Contributing Correspondent http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i7e19cce243eb21aa5844cf140514065d First Potomac Realty Trust has acquired two office properties in Maryland for a total of some $46.8 million. Wed, 08 Oct 2008 06:30:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i7e19cce243eb21aab06650f68a4b83c1 Realestate News Paul Rosta, Senior Associate Editor http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i7e19cce243eb21aab06650f68a4b83c1 Manhattan’s office market is coming back down from the stratosphere, but reports of an impending crash are greatly exaggerated, top executives from CB Richard Ellis Inc. argued at a morning briefing today. Wed, 08 Oct 2008 06:32:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i05c8198f5eab4cdacc5171c21ab055ca Realestate News Tom Dworetzky, News Editor http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i05c8198f5eab4cdacc5171c21ab055ca The Washington, D.C., office of Holliday Fenoglio Fowler L.P. has announced that it arranged $36 million in financing for 1401 K St., a 124,700-square-foot Class A office building in Washington, D.C. Tue, 07 Oct 2008 02:12:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3ia5f9ba2bc50f0b03d4f43bb04cdffcf4 Realestate News Paul Rosta, Senior Associate Editor http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3ia5f9ba2bc50f0b03d4f43bb04cdffcf4 Hard numbers are confirming what real estate professionals have suspected for months about the nation’s largest office market. According to Cushman & Wakefield’s third-quarter report, Manhattan is showing the clearest signs yet of softening since the credit crisis began last year. Tue, 07 Oct 2008 12:22:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i771d05538c8beede05a4b0cfb25cb1b1 Realestate News http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i771d05538c8beede05a4b0cfb25cb1b1 Rockefeller Group Business Centers Inc. has become the first business to commit to space on the tenant roster at Ponce de Leon Towers, a 215,000-square-foot office project in Coral Gables, Fla. Mon, 06 Oct 2008 09:11:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3ic9d5859352b63439302950efc8f77bcc Realestate News http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3ic9d5859352b63439302950efc8f77bcc The University of Texas Southwestern Medical Center acquired a 13-acre site from the City of Dallas for the development of BioCenter at Southwestern Medical District, a 500,000-square-foot biotech park. Mon, 06 Oct 2008 06:43:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3ic261f4f6bfdb7bc4e3cda08148d4db0f Realestate News Paul Rosta, Senior Associate Editor http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3ic261f4f6bfdb7bc4e3cda08148d4db0f The flagship of the United States office investment and leasing market, Manhattan is now also at the heart of the financial crisis. The stunning events of recent weeks point to a new era for the economy, but experts differ about how the changes will play out in Manhattan’s commercial real estate market during the next several quarters and beyond. Fri, 03 Oct 2008 02:12:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3iae727b40e576c46b396b509d23c3733f Realestate News Thomas Peretti, Contribuing Correspondent http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3iae727b40e576c46b396b509d23c3733f Cominar Real Estate Investment Trust has purchased a 24-story Class A office property in Downtown Montreal for C$165 million. Fri, 03 Oct 2008 09:56:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3if3c6d4d17479d1d22eccf2a7ee17b1da Realestate News http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3if3c6d4d17479d1d22eccf2a7ee17b1da Joseph Hegenbart of NorthMarq¹s Boston Regional office has arranged mortgage financing of $20 million for Lincoln North, located at 55 Old Bedford Road in Lincoln, Mass. Fri, 03 Oct 2008 06:24:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i149edf3e04ae0168157c88190f4d84df Realestate News Elena Gontar, Staff Writer http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i149edf3e04ae0168157c88190f4d84df Lanesborough Real Estate Investment Trust has completed the previously announced $38 million acquisition of an apartment/office complex in Winnipeg, Manitoba, known as Colony Square. Thu, 02 Oct 2008 02:22:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3id41521fe85d4537f410253d626ec5a25 Realestate News Gail Kalinoski, Contributing Editor http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3id41521fe85d4537f410253d626ec5a25 The Port Authority of New York and New Jersey issued a 70-page report today detailing more realistic costs and timetables for redevelopment of the 16-acre World Trade Center site while at the same time acknowledging that it is now expected to cost at least $17 billion for the entire build out--more than $1.7 billion than originally estimated. Thu, 02 Oct 2008 06:42:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i6e5a511cc079f821fc63ffbc9640e860 Realestate News Tom Dworetzky, News Editor http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i6e5a511cc079f821fc63ffbc9640e860 Maguire Properties Inc. has announced that it has extended maturities on two construction loans with Guaranty Bank. The combined outstanding balance for the construction loans on 17885 Von Karman in Irvine, Calif., and 2385 Northside Drive in Mission Valley, Calif., prior to extension, totaled $49.1 million. Wed, 01 Oct 2008 08:37:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i418b037a2c9b1c0fe70abbee9cf97db1 Realestate News Paul Rosta, Senior Associate Editor http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i418b037a2c9b1c0fe70abbee9cf97db1 For brokers who decide to pursue designations, getting the most mileage out of the process requires some ingenuity. The first challenge is picking from the growing menu of options. Investment brokerage professionals tend to gravitate toward the finance-focused Certified Commercial Investment Member. Wed, 01 Oct 2008 09:50:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3id843b4becda8766f799dd1056a320728 Realestate News Barbra Murray, Contributing Editor http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3id843b4becda8766f799dd1056a320728 The U.S. Department of the Army, acting under the direction of the U.S. Department of Defense, has decided to make a new home at the 350-acre Mark Center in Alexandria, Va., and Duke Realty Corp. is going to provide the land and the development services for the 1.7 million-square-foot office compound. Construction of the approximately $1 billion project will allow for the unification of a group of 6,400 predominantly Army personnel from various leased office buildings in Northern Virginia at a single location. Wed, 01 Oct 2008 12:05:00 EDT http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i4133c8366c5e9b36c55aa7906215a3d3 Realestate News Barbra Murray, Contributing Editor http://www.commercialpropertynews.com/cpn/content_display/property-types/office/e3i4133c8366c5e9b36c55aa7906215a3d3 Despite being slowed down by the economy's downward spiral and the debilitating credit crunch, Washington, D.C.'s office market has remained relatively strong. Still, securing a substantial financing deal in the midst of the Wall Street crisis may seem like a bit of a pipedream. A newly announced transaction, however, has disproved that notion.