COSTAR NEWS FOR THE INVESTOR IN YOU

D2 is please to provide FREE this daily updated newsletter from CoStar the commercial MLS. If you should have any questions or have interest in any Commercial Listings lets us know, D2 is a member of the CoStar Family. Please feel free to click on the link below and complete the form and we will get right back to you.

Contact Me

National Commercial Real Estate News From CoStar Group
Big Bet On Bricks and Mortar: Westfield Deal Seen Raising Value of U.S. Mall REITs	2/15/2012 8:15 PM
The Westfield Group has formed a $4.8 billion joint venture on 12 regional shopping malls in the United States with the Canada Pension Plan Investment Board (CPPIB.) The deal is the largest real estate investment made by the institutional investor, and a big bet on the future health of U.S. shopping malls. The investment gives CPPIB ownership interests in 26 malls in major U.S. markets. It has also invested in malls in the U.K., Australia, Brazil...
Real Estate On the Menu at KFC, Taco Bell and Pizza Hut	2/15/2012 8:13 PM
Yum! Brands, the world's largest restaurant company with more than 38,000 eateries in more than 110 countries, is turning more and more of its attention to China. To help fund its expansion overseas, the firm is in the process of selling off a big chunk of its U.S. restaurant real estate. The Louisville, KY-based company's restaurant ownership in the U.S. dropped to 13% from 15% last year. Yum! Brands closed or sold/refranchised 404 restaurants...
Apartment, Office Properties Record Strongest CRE Pricing Recovery In 2011	2/15/2012 8:11 PM
Powered by continuing gains in apartments and growing momentum in the office sector, the CoStar Commercial Repeat Sale Indices (CCRSI) National Composite Index ended 2011 significantly above its cyclical low last March, despite a relatively flat fourth quarter for pricing. CRE sale prices stalled a bit in December as heavy year-end trading kept pricing stable in the fourth quarter, a trend CoStar has observed in each of the past two years, according...
Tishman Speyer Taking Over 16 U.S. Office Bldgs.	2/15/2012 8:11 PM
Tishman Speyer Properties in New York is buying out its affiliated Australian REIT that has ownership in 16 office buildings across the United States in markets including New York, Philadelphia, Washington DC, Chicago, Milwaukee, San Francisco, Los Angeles and Seattle. Sydney, Australia based Tishman Speyer Office Fund owns 99.9% of four office buildings totaling 893,000 square feet and 45.9% ownership in another 12 totaling 7.46 million square...
Empire State Building Owner Set To Join REIT Era	2/15/2012 8:09 PM
Malkin Holdings LLC, the supervisor of Empire State Building, filed a registration statement with the U.S. Securities & Exchange Commission to convert the iconic tower's ownership into a public REIT. Malkin intends to consolidate into a new REIT to be called Empire State Realty Trust Inc. There are 22 private entities involved in the consolidation, all of which will get shares in the new REIT. Through the public offering, the REIT is looking...
Largest Publicly Traded CRE Services Firms Finish 2011 With Strong Revenues, Earnings	2/14/2012 10:35 PM
Three of the top publicly traded real estate service providers -- CBRE Group, Inc., Jones Lang LaSalle and FirstService Corp., parent of Colliers International -- all reported strong fourth-quarter and full-year 2011 results, each benefitting from the global recovery in CRE sales and leasing activity. Expect more of the same in 2012 from the industry's two largest global players, CBRE Group Inc. and Jones Lang LaSalle, which each forecast double...
Apartment Portfolio Sells For $169M	2/14/2012 1:02 AM
In one of Southern California’s largest deals of the year, Greystar Real Estate Partners LLC acquired four multifamily buildings from BlackRock, Inc. for $169 million. The deal includes 5880 Lochmoor Drive, a 158-unit apartment in Riverside, CA; 11201 Otsego Street, a 100-unit complex in North Hollywood; 7039 Charmant Drive, a 312-unit multifamily in San Diego; and 1100 Calle Del Cerro, a 250-unit complex in San Clemente, CA. Collectively...
In The Pipeline: CoStar Development & Construction News for Feb. 12-18	2/13/2012 11:00 PM
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. Brooklyn Tower Expected to Break Ground Late This Year The...
Flow International Corp Leases 146,000 SF in Kent	2/13/2012 12:08 AM
Flow International Corporation, an inventor and world leader in waterjet solutions, signed an eight-year lease extension for 146,329 square feet of office and warehouse space at 23500 64th Avenue S. in Kent, WA. Flow International originally signed a lease on January 1, 2003 until December 31, 2012 before agreeing to extend the term of the lease early. This location will now serve as the company's headquarters until January 31, 2020. The two...
CoStar's People of Note (Feb. 5-11)	2/10/2012 12:09 AM
This week's People of Note includes the following markets: Baltimore, Chicago, New York City, Philadelphia and Washington, DC. NEW YORK CITY Carlton Hires Managing Directors Gollin & Moss By Timothy Weber Mark Gollin and William Moss joined Carlton Group as managing directors. Gollin will run the European advisory group, while Moss will run the residential strategic advisory group. Gollin has spent the last 16 years in senior pos
Retail Outlook: Cautious Optimism as Tipping Point In Shopping Center Rents Expected In 2012	2/8/2012 8:37 PM
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...
Good Vibrations the Continuing Theme for the Multifamily Business	2/8/2012 8:15 PM
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...
Graphic Packaging Inks 109,556-SF Office Lease	2/8/2012 1:29 AM
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...
Riverbed Technology Leases 170,000 SF in San Francisco	2/6/2012 10:45 PM
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...
$92M Cruise Terminal For America's Cup Events Gets Off the Line In San Francisco	2/6/2012 8:10 PM
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...
In The Pipeline: CoStar Development & Construction News for Feb. 5-11	2/6/2012 9:57 PM
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...
CoStar's People of Note (Jan. 29-Feb. 4)	2/2/2012 10:47 PM
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
GREEN LEAD \| Green Building News from CoStar	2/2/2012 8:05 PM
GREEN LEAD is a column on environmental and sustainable design and construction, best practices for green building maintenance and operations, economic impact on developers and owners, new LEED and Energy Star building certifications, and trends in the Green Building movement. Send in your Green News Leads to news@costar.com Latest Research on Green Real Estate Now Available