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CoStar's Retail News Roundup: Feb. 7-13, 2010

2/7/2010 10:30 PM

This week in the Retail Roundup, CoStar reports on expansions or new concepts at Casual Male, Coach, Subway and Chick-fil-A; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at Disney Store, Movie Gallery, Car Dealerships, Walking.....Read More

Global Law Firm Signs 102,000-SF Lease in Washington, D.C.

2/7/2010 8:31 PM

Fried, Frank, Harris, Shriver & Jacobsen LLP is relocating its Washington, D.C. office, leasing 102,000 square feet at Lafayette Tower. The international law firm signed a 16-year deal, slated to commence in about a year. The 11-story, 245,000-square.....Read More

Hill Country Galleria Sold at Bankruptcy Auction for $75M

2/5/2010 12:08 AM

Chicago-based REIT Management & Research is the new owner of Hill Country Galleria, a 1.28 million-square-foot mixed-use lifestyle center located in Bee Cave, TX (a suburb of Austin) that filed bankruptcy in May of last year. The investment company won.....Read More

Battered Industrial Property Sector Poised to Resume Growth

2/2/2010 11:55 PM

The amount of empty warehouse, distribution and flex space hitting the market contracted again sharply in the fourth quarter, and CoStar analysts say industrial real estate appears poised to join office and some retail categories in returning to positive.....Read More

Lease Up/Lease Down (Jan. 31 - Feb. 6): Exploring Possibilities: Ford Adding 1,200 Jobs in Chicago

2/3/2010 2:59 AM

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.....Read More

Optimism Trumps Gloom at MBA Real Estate Finance Conference in Glitter City

2/3/2010 2:41 AM

More than 2,000 commercial and multifamily real estate professionals attended the Mortgage Bankers Association's four-day Commercial Real Estate Finance/Multifamily Housing Conference, which wraps up Thursday in Las Vegas. Despite a recession and.....Read More

Forecasted Growth in Retail Franchise Stores May Fuel Demand

2/2/2010 11:37 PM

Where will demand for retail real estate come from in 2010? One area increasingly viewed as a potential source is franchise operators. Pricewaterhouse Coopers forecasts that approximately 11,100 new franchised retail stores are expected to open across.....Read More

Threatened Legal Action Over NYC Rent Control Likely to Roil CMBS Market

2/2/2010 9:17 PM

Another half a billion dollars in CMBS debt looks even weaker this week after New York Attorney General Andrew M. Cuomo announced his intent to sue Vantage Properties LLC, a major New York City multifamily landlord. Cuomo sent a five-day notice letter.....Read More

Aussie REIT Negotiating for U.S. Office Portfolio

2/2/2010 9:15 PM

Real Estate Capital Partners USA Property Trust (RECP), a REIT based in Sydney, Australia, has conditionally agreed to purchase all of the units of Record Realty Holdings US Trust. RECP would pay about $17.68 million for the assets. The total price.....Read More

Bank Watch: Regulators Close Four Banks

2/2/2010 9:07 PM

The Office of the Comptroller of the Currency closed the First National Bank of Georgia in Carrollton, GA, and appointed the FDIC as receiver. The FDIC entered into a purchase and assumption agreement with Community & Southern Bank, a newly chartered.....Read More