Real Estate News

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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.
Updated: 7 weeks 2 days ago

In The Pipeline: CoStar Development & Construction News for March 25 - 31

Tue, 03/27/2012 - 03:35
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. Architects Report Higher Billings For 4th Straight Month The
Categories: Market News

CoStar's People of Note (March 18-24)

Fri, 03/23/2012 - 02:02
This week's People of Note includes the following markets: Charlotte, Chicago, Dallas/Fort Worth, New York City, Retail, San Francisco and South Florida. DALLAS/FORT WORTH Local Investment Sales Broker Moves to Cushman & Wakefield By CoStar Research Scot Farber joined Cushman & Wakefield in Dallas where he will focus on the sale of office and industrial properties as part of the firm’s investment sales group. Farber,
Categories: Market News

Baker Donelson Bldg in Downtown Nashville Sells for $47.1M

Wed, 03/21/2012 - 04:44
Sun Life Financial Services, an international financial services company, has acquired the 11-story Baker Donelson Building at 211 Commerce Ctr. in downtown Nashville, TN from The Mathews Company in a transaction totaling $47.13 million, or approximately $205 per square foot. The property was constructed in 2000 and totals 229,536 square feet of Class A office space. The building was 93.8 percent occupied at the time of the sale, and is currently...
Categories: Market News

In The Pipeline: CoStar Development & Construction News for March 18 - 24

Tue, 03/20/2012 - 10:55
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. Developer Breaks Ground on Mixed-Use in South Florida Stiles...
Categories: Market News

CoStar's People of Note (March 11-17)

Fri, 03/16/2012 - 03:34
This week's People of Note includes the following markets: Chicago, Los Angeles, New York City and South Florida. NEW YORK CITY Horowitz Promoted to EVP at Studley By CoStar Research Longtime Studley broker Daniel O. Horowitz was recently promoted to executive vice president. Consistently one of the firm’s top-producing brokers, Horowitz has been with the New York-based real estate services firm since 1990. Over the course of his career
Categories: Market News

March 2012 Commercial Repeat Sales Analysis Now Available

Fri, 03/16/2012 - 03:02
CoStar Group released the latest findings of the CoStar Commercial Repeat-Sale Indices (CCRSI) last week, providing the market's first look at commercial real estate pricing trends based on property sales that closed through January 2011, and offering the broadest measure of commercial real estate repeat sales activity. The monthly CCRSI National Composite Index increased by 1.5% in January 2012. The index is now 1.9% above the same period...
Categories: Market News

First Image Bldg Sold for $8.7M

Wed, 03/14/2012 - 08:44
In a sale totaling $8.7 million, New York-based Embassy Square LLC has sold the First Image Building at 501 Great Circle Rd. in Nashville, TN to Ebon Falcon LLC, an entity controlled by Dr. David Black, president of Aegis Sciences Corporation. Due to rapid company growth at Aegis, the building was purchased by Ebon Falcon properties to prepare for its long-term expansion. The First Image Building is located in close proximity to other Aegis facilities...
Categories: Market News

Cooke’s Food Stores Leases 24,000 SF in New Tazewell

Wed, 03/14/2012 - 08:28
Cooke’s Food Stores, a local food market and pharmacy, has closed on a five-year lease to occupy 23,980 square feet in the retail building at 909-925 Main St. in New Tazewell, TN. Although an official opening date has yet to be determined, Cooke’s is scheduled to move into the space within the year. The store will be located in the main property at the Rockwood Shopping Center. Constructed in 1993, this 87,584-square-foot retail building is owned...
Categories: Market News

Ranieri, WL Ross Acquire Large Multifamily Lender

Wed, 03/14/2012 - 07:07
Ranieri Real Estate Partners LP, a real estate financial services company, and private equity funds affiliated with WL Ross & Co. LLC, acquired multifamily lender Deutsche Bank Berkshire Mortgage. The mortgage company has been renamed Berkeley Point Capital. Jeffrey C. Day, who served as CEO of DBBM and is an 11 year veteran with the company, will serve as CEO of Berkeley Point. Berkeley Point originates multifamily loans for Fannie Mae, Freddie...
Categories: Market News

In The Pipeline: CoStar Development & Construction News for March 11 - 17

Tue, 03/13/2012 - 10:11
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. Apple Will Double Austin Workforce As U.S. Growth Spurt Continues...
Categories: Market News

CoStar Group Announces Nashville Winners of 2011 CoStar Power Broker Awards

Fri, 03/09/2012 - 07:53
CoStar Group, Inc. (Nasdaq: CSGP), commercial real estate's leading provider of information and analytic services, recently announced the winners of the 2011 CoStar Power Broker Awards™, recognizing the best of the best in commercial real estate brokerage. The following top commercial real estate firms in Nashville have been recognized as 2011 CoStar Power Broker Awards winners: Baker Storey McDonald Properties Cassidy Turley CBRE...
Categories: Market News

CoStar's People of Note (March 3-10)

Fri, 03/09/2012 - 03:55
This week's People of Note includes the following markets: Atlanta, Chicago, Boston, Dallas/Fort Worth, East Coast, Milwaukee, Madison, National, Retail and Washington, DC. WASHINGTON, DC Avison Young Acquires Realty Management Co., Taps Owner as Principal By Laurie Forbes Avison Young purchased Realty Management Co., a property management, facility management and engineering services company based in Bethesda, MD. The acquisition expand
Categories: Market News

Crossings at Indian Lake Sells for $6.5M

Wed, 03/07/2012 - 06:57
New Paradigm Development Partners acquired two retail buildings in the Crossings at Indian Lake at 112 Saundersville Rd. in Hendersonville, TN from The Capital Corporation for $6.5 million, or about $173 per square foot. The two retail buildings total 37,612 square feet and were built in 2008. The adjacent buildings are located in the Hendersonville-Gallatin Retail submarket of Nashville. There were no brokers involved in the sale. Please...
Categories: Market News

In The Pipeline: CoStar Development & Construction News for March 4 - 11

Tue, 03/06/2012 - 03:04
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. Old Wholey's 'Fish' Building Slated For Conversion to Office...
Categories: Market News

CoStar's People of Note (Feb. 26-March 3)

Fri, 03/02/2012 - 04:31
This week's People of Note includes the following markets: Atlanta, Dallas, Detroit, Los Angeles, National, New York City, Orange County, Phoenix, Sacramento, South Florida, Washington, DC and Westchester/South Connecticut. LOS ANGELES Lee & Associates Promotes 3 to Principal By Laurie Forbes Lee & Associates-LA North/Ventura Inc., a full service commercial real estate company, promoted associates Stephanie Skrbin (pictured far left)
Categories: Market News

GREEN LEAD | Green Building News from CoStar

Fri, 03/02/2012 - 03:48
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 USGBC Opens Third Public Comment Period for LEED Green Building Program LEED
Categories: Market News

Mueller Industries Leases 49,000 SF in Gordonsville

Wed, 02/29/2012 - 10:40
Mueller Industries, a manufacturer and distributor of refrigeration, HVAC and plumbing supplies, signed a five-year lease for about 48,736 square feet at 237 JMZ Dr. in Gordonsville, TN. The manufacturing giant will occupy the entire industrial building, which is located in the Smith County Industrial submarket. The building is convenient to I-40, making it an ideal location for a distribution site. Mueller Industries is headquartered in Memphis...
Categories: Market News

White Lodging Services Corp Purchases SoBro Property for $2M for Planned Hotel Development

Wed, 02/29/2012 - 09:49
White Lodging Services Corporation, headquartered in Merrillville, IL, purchased the former Rock City Machine Company property at 301 3rd Avenue S. in Nashville, TN from a group of six individuals for $1.99 million, or about $60 per square foot. The 33,000-square- foot building was constructed in 1966. The buyer will reportedly build a 13-story, 255-unit hotel on the 0.35-acre property after the existing building is demolished. The Hyatt Place...
Categories: Market News

White Lodging Services Corp Purchases SoBro Property for $2M for Planned Hotel Development

Wed, 02/29/2012 - 09:49
White Lodging Services Corporation, headquartered in Merrillville, IL, purchased the former Rock City Machine Company property at 301 3rd Avenue S. in Nashville, TN from a group of six individuals for $1.99 million, or about $60 per square foot. The 33,000-square- foot building was constructed in 1966. The buyer will reportedly build a 13-story, 255-unit hotel on the 0.35-acre property after the existing building is demolished. The Hyatt Place...
Categories: Market News

White Lodging Services Corp Purchases SoBro Property for $2M for Planned Hotel Development

Wed, 02/29/2012 - 09:49
White Lodging Services Corporation, headquartered in Merrillville, IL, purchased the former Rock City Machine Company property at 301 3rd Avenue S. in Nashville, TN from a group of six individuals for $1.99 million, or about $60 per square foot. The 33,000-square- foot building was constructed in 1966. The buyer will reportedly build a 13-story, 255-unit hotel on the 0.35-acre property after the existing building is demolished. The Hyatt Place...
Categories: Market News