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Northeast
Weichert Commercial Completes Sale of 64,000-SF New Jersey Warehouse
Jan. 08, 2009
Weichert Commercial Brokerage Inc. has completed the sales transaction of a 64,000-square-foot warehouse situated on 1.93 acres located at 225 Scotland Road in Orange, N.J.  Weichert Commercial worked on behalf of both the seller and buyer.
Mack-Cali Taps CBRE as Leasing Agent for Manhattan’s 125 Broad St.
Jan. 07, 2009
CB Richard Ellis has been selected by Mack-Cali Realty Corp. as the exclusive agent to lease a portion of its office holdings at 125 Broad St. in New York City.
Trump SoHo Condo Hotel Clears NY Supreme Court Hurdle
Jan. 07, 2009
New York Supreme Court Justice Kibbie Payne has denied a petition by Soho Alliance Inc. that challenged Trump SoHo’s status as a lawful hotel condominium.
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Mid-Atlantic
Colliers Lanard Merges with Markward Group
Dec. 10, 2008
Colliers Lanard & Axilbund has merged with Allentown-based Markward Group. In business since 1997, Markward Group is a full-service commercial, industrial and retail real estate brokerage firm.
133 project Duke Sells D.C.-Area Parcel to Army for $105M
Dec. 09, 2008
Duke Realty Corp. has completed the sale of a 16-acre parcel in its Mark Center business park in Alexandria, Va., to the U.S. Army Corps of Engineers, which will develop the land as a two-building office complex that will house 6,400 Department of Defense employees. The sale price was $105 million.
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Southeast
Bridge Development Expands to Miami, Appoints Carroll to Principal
Jan. 08, 2009
Bridge Development Partners L.L.C. has opened an office in Miami and appointed Kevin Carroll principal to operate the new location.  In this capacity, Carroll will be responsible for acquiring and developing office and industrial real estate throughout Miami-Dade, Broward and Palm Beach Counties.
Atlanta Office Market Survives 2008 with Positive Absorption
Jan. 05, 2009
Despite the poor fourth quarter results and bleak economic news, Atlanta’s office market ended 2008 with positive absorption of 391,300 square feet--but that's down more than 2.4 million square feet from the 2.9 million absorbed in 2007, according to figures from Atlanta-based Richard Bowers & Co.
Lenox Park Post Continues $360M Disposition Plan with Atlanta M-F Sale
Dec. 31, 2008
In its third quarter earnings report issued last month, Post Properties Inc. noted that it would sell six assets with the hope of pocketing approximately $360 million, and with today's news of the disposition of Post Lenox Park in Atlanta, the company has one down, five more to go.
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Midwest
Heartland Acquires 37 Industrial Acres in Ohio
Jan. 07, 2009
Heartland Inc. has acquired 37 industrial acres in Washington Court House, Ohio, where it plans on building a structural steel service center.
Verizon Signs 72,696-SF Lease Extension in Chicago
Jan. 07, 2009
Verizon Business Services, a unit of Verizon Communications, signed a 72,696-square-foot lease extension at Michigan Plaza, the two-tower complex located at 205/225 N. Michigan Avenue in Chicago.
Midwest Industry Hit by Recession
Dec. 30, 2008
Various international tempests and other factors, such as uncertainty over the price of oil, seemed to drive the markets down Monday, but only slightly. The Dow Jones index ended 31.62 points down, or 0.37 percent, while the S&P 500 was off 0.39 percent and the Nasdaq was down more--1.3 percent.
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Southwest
ProLogis Leases 120,000 SF to CommScope near Reno
Jan. 08, 2009
ProLogis has leased 120,000 square feet of recently completed industrial space near Reno, Nev., to CommScope.
don and bryan As Phoenix Light Rail Debuts, Will T.O.D. Get on Track?
Jan. 05, 2009
Phoenix's $1.4 billion, 20-mile light rail system carried its first passengers on Dec. 27th, and real estate professionals believe that development opportunities around the line’s 20 stations are significant; Valley Metro, which operates the system, projects the system will initially carry 26,000 passengers a day.
Port of Houston Planning $283M in Projects
Dec. 29, 2008
With more than $283 million in construction planned, the Port Commission of the Port of Houston Authority is working to assure Houston’s emergence as the nation’s busiest port is met with cutting edge facilities.
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West
American Apparel Signs 70,000-SF Lease in Orange County
Jan. 08, 2009
American Apparel L.L.C. has signed a 10-year lease on 70,000 square feet of space within an industrial property in Garden Grove, Calif.
ProLogis Leases 282,000 SF to Safelite AutoGlass
Jan. 05, 2009
ProLogis has leased approximately 282,000 square feet at ProLogis Park Ontario Airport in Ontario, Calif., to Safelite AutoGlass.
Blue Rock Village 560-Unit California M-F Complex Goes for $54M
Jan. 05, 2009
Blue Rock Village (pictured), a 560-unit multi-family complex in Vallejo, Calif., has been sold for $54.4 million to a San Francisco-based private ownership group.
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International
mcwilliams CNL, Macquarie Plan $1.5B Global REIT
Jan. 07, 2009
Orlando-based CNL Financial Group and Sydney's Macquarie Group have joined forces for the first time to establish a new global REIT, CNL Macquarie Global Growth Trust Inc., which will pursue opportunities in just about every sector of commercial real estate in various areas around the world. The partners can afford to think big, as the proposed total offering for the REIT is $1.5 billion.
Office Market Positioned to Survive a Bruising Recession
Dec. 29, 2008
As a deep recession looms around the world, there is a country where a conservative investment community has resisted speculative office construction, enabling vacancy rates to fall to historically low levels and rents to continue rising through the third quarter of 2008.
ProLogis to Sell China Operations, Interest in Japan Funds to GIC for $1.3B
Dec. 23, 2008
Looking for ways to quickly cut debt and strengthen its balance sheet, industrial REIT giant ProLogis said it was selling its China operations and a 20 percent interest in its Japan property funds to GIC Real Estate for $1.3 billion.
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