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Richmond Commercial Real Estate News From CoStar Group
CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.
- CoStar's People of Note for Friday
Time to update those contact managers with CoStar's People of Note for Friday, Dec. 21, delivering news of recent promotions and new hires at the following companies: Grubb & Ellis, Studley, Lincoln Property Co., ICON Commercial Interests, Colliers International... - Watch List (Dec. 16-22): This One is all about Money
In this week’s issue, money -- or lack thereof -- is the common thread. Aussie property giant Centro Properties Group, controlling more than 650 U.S. shopping centers, is facing a two-month window to refinance billions and can't find a willing lender... - Produce Source Partners Buys Ashland Facility
Produce Source Partners acquired 13167 Telcourt Road in Ashland, VA, from Verizon for $3.4 million, or about $27 per square foot.The 124,350-square-foot industrial building was constructed in 1971 and sits on 30.6 acres in the I-95 North/ Mechanicsville... - Development Strategies Buys Chesterfield Co. Land
Development Strategies Inc. purchased 17.2 acres in Chesterfield County, VA, for the speculative development of an industrial, office or retail project.George Little and Ann Little sold the land for $775,000, or about $45,000 per acre. The parcel... - DLC Acquires 16-Center Portfolio from Edens & Avant
Tarrytown, NY-based DLC Management, a private retail real estate owner, has just grown its portfolio by 1.57 million square feet with a 16-shopping center portfolio deal. Edens & Avant sold the portfolio to DLC for an undisclosed amount in this owner... - CoStar Lead Street (Dec. 16-22): CalPERS To Boost Real Estate Allocations
In this week's issue of CoStar Lead Street, while it seemingly goes contrary to flat and declining U.S. property values, CalPERS plans to boost its real estate allocation and will go overseas to do it. Meantime, one U.S. land company is getting overseas... - CoStar's Retail News Roundup: Dec. 17 to Dec. 23, 2007
This week in the Retail Roundup, CoStar reports on expansions and new concepts at Aldi, Famous Footwear, Gamestop, JoS A. Bank, and Costco; new retail developments in IL, TX, FL, MI, and CA; acquisition, merger, or sale activity at Related Cos., Reza... - Plumbers and Steamfitter Union Buys Richmond Bldg.
The Plumbers and Steamfitters Union acquired 5312 Distribution Drive in Richmond, VA, from Distributor FHC LLC for $898,000, or about $63 per square foot.The Union plans to move into the industrial building in January, using the property as a training... - Solar Energy Provider for Property Owners Closes $200M Fund
Financial services firm Morgan Stanley has pledged $200 million in financing for solar power projects hosted by Recurrent Energy, a San Francisco-based provider of solar energy to institutional property owners.The solar project fund will provide... - CoStar Lead Street (Dec. 9-15): Strong Fundamentals Propping Up Portfolios
In this week's issue of CoStar Lead Street, Mesirow Financial's Joshua Daitch says 2008 will separate out the good property managers from the not so good. Macquarie Office Trust finds U.S. property a good deal but not as good as Asia where it is putting...
