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CBRE to Handle FDIC’s Portfolio of Owned Real Estate
CB Richard Ellis Inc. has netted a major client: The Federal Deposit Insurance Corp. has tapped the services firm to serve as primary advisor for the residential and commercial real estate it acquires from failed financial institutions.
Despite Economy, Sustainability, Workplace Alternatives Still Focuses for Corporations

While the poor economy is a necessary consideration for every strategy today, corporate real estate’s recent big initiatives continue to progress. Thus, not only the economy but sustainability issues and workplace advances permeated CoreNet Global’s Fall Meeting in Orlando this week.
Roundtable Participants Find Opportunity in Difficult Times
There is a silver lining for corporate real estate departments in the current economic crisis, according to participants in the second CoreNet Global-CPN Corporate Real Estate Roundtable, which took place yesterday during the CoreNet Global Fall Summit.
kraft hq Kraft Foods Signs on with Grubb & Ellis for Property Management
About one month after Kraft Foods Global Inc. renewed about 1.5 million square feet in Ohio and Pennsylvania from ProLogis, Kraft selected Grubb & Ellis Co. as its facilities service provider for its sites throughout North America.
Zurich Inks Euro-Deal With CB Richard Ellis
Zurich Financial Services Group has picked CB Richard Ellis Group Inc. as a provider of a variety of real estate services for the company in Europe, including transaction management and strategic consulting. The deal represents the first time that Zurich has hired a single service provider for Europe.
Roth_Howard Roth to Head Real Estate for Ernst & Young
Howard Roth will take over as global and Americas director of real estate at Ernst & Young US, replacing the retiring Dale Anne Reiss.
Linens 'n Things to Close 120 Stores, Dispose of Real Estate
Linens Holding Co., a home furnishings specialty retailer operating as Linens 'n Things, announced today the hiring of DJM Realty, a national retail real estate disposition firm, to exclusively manage the disposition of 120 underperforming stores that the company targeted for closure as part of its restructuring.
Dr Pepper Snapple Announces California Project, Tabs CBRE for RE Needs
Dr Pepper Snapple Group made two announcements today, indicating a turn toward improving efficiency through its real estate portfolio.
Alliance Signs Lease in OC
Alliance Bank, a community business bank commanding more than $950 million dollars in assets and headquartered in Los Angeles, has signed a 127-month lease for a 25,000-square-foot office building in Irvine, Calif. for $10.2 million.
CBRE Buys Corporate Property
CB Richard Ellis Group Inc. acquired  the Brisbane-based Corporate Property Ltd., the company said today. 
Dutch KPN to Sell Buildings Individually, not in Block
The 34 buildings put on the block by KPN won't just be offered as a block anymore, the Dutch telcom has announced, according to a Reuters News report.
donovan Second, Third-Tier Cities New Hotspots for Corporate Development: Report
Second-, and even third-tier cities, should be on corporations’ radar screens. They are good places to locate new manufacturing plants, call centers and IT hubs, a study on corporate development hot spots has concluded.
Transwestern's Atlanta Office Adds Retail Expertise
Transwestern’s Atlanta office has announced that Patrick Arnold and Spencer Bomar have joined the firm to bring a retail brokerage component to Transwestern’s Atlanta operation and expand the company’s overall retail coverage into other Southeastern markets.
CT Takes Fleetwood HQ
Newport Beach, Calif.-based CT Realty Corp. has acquired Citrus Park, a 12-building office and industrial park in Riverside, Calif., from Fleetwood Enterprises Inc.
Corenet CoreNet Panel: Corporate RE Departments Focused on Global Growth, New Workplace Strategies
Corporate real estate departments are focused more than ever on supporting corporate expansion into new global markets and transforming workplaces into more collaborative areas to attract talent, according to a panel of top corporate real estate professionals and service providers.
Sony Building Chosen Corporate Facility of the Year
Grubb & Ellis Co. has announced that 550 Madison Ave. was selected by the Mid-Atlantic Building Owners and Managers Association as Corporate Facility of the Year.
Orange County Maintenance Cos. Working for Negotiated Resolution
The leading building maintenance companies serving Orange County continued to work for a negotiated agreement for a contract covering their janitorial employees in the county.
Krolman, Janet GE Real Estate Funds $960M for 34-Property iStar Portfolio
New York City-based iStar Financial Inc. has taken a single-source $960 million loan against a portfolio of 34 triple-net-leased single-tenant properties. Holliday Fenoglio Fowler L.P.  arranged the adjustable-rate, interest-only loan through GE Real Estate.  
The Staubach Secures Lease for Dow Jones Building in Princeton
The Staubach Co.'s New Jersey office has  announced that, on behalf of the building owner Dow Jones & Co., it has arranged a 30,000-square-foot lease with Protech Solutions Inc. at 4300 Route 1, Building Three, within the Bernard Kilgore Center corporate campus in Princeton, N.J.
Esopus Creek Value,  Syms Shareholder, Demands Disclosure of  Development Intentions for 42 Trinity Place
Esopus Creek Value L.P., a shareholder that owns approximately 3.76 percent of Syms Corp., has announced that it sent a letter to the Syms Corp. demanding they disclose the development intentions for 42 Trinity Place in Lower Manhattan.
Perkins+Will Wins CoreNet Global, AIA and IIDA Award
Perkins+Will, a global integrated design firm, will receive the 5th Annual CoreNet Global, AIA, and IIDA Sustainable Leadership Award for Sustainable Development at the CoreNet summit meeting in May in San Diego.
Ehrenberg to Helm Expense Management Solutions’ Corporate RE Practice
Expense Management Solutions Inc., a provider of management consulting and relationship management services for corporate services organizations, has announced that Maureen Ehrenberg has joined the firm as principal, with responsibility for directing the firm’s corporate real estate practice.
CoreNet Global Taps Tamburro as Chairman
Mark Tamburro of the United Kingdom is the new chairman of CoreNet Global’s board of directors, the association of corporate real estate and workplace executives has announced.
Chinese Logistics Firm Leases 186,000 SF From ProLogis
Jinji Total Logistics, a third-party logistics company and provider of services for the South Korean conglomerate Samsung in China, has leased 186,000 square feet of unfinished distribution space near Tianjin from ProLogis.
MAHER Hertz Taps CB Richard Ellis as Global RE Services Provider
Hertz Corp., the world's largest general-use rental car company, has chosen existing partner CB Richard Ellis Inc. to provide a greatly expanded slate of real estate services on a global level.
 

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