Commercial

CoStar’s People of Note (Aug. 29-Sept. 4)-This week’s People of Note includes the following markets: Atlanta, Inland Empire, Los Angeles, Milwaukee/Madison, New York City, Orange County and Washington, DC.

ATLANTA
Green Bldg. Expert Joins Grubb’s Office Group

Grubb & Ellis Co. appointed…

CoStar’s Deals of Note (Aug. 29 - Sept. 4)-NEW YORK
Boston Properties to Acquire 510 Madison
By Andrew Deichler

Boston Properties said last week that it is acquiring 510 Madison Ave. from oft-troubled New York developer Harry Macklowe.

The REIT has agreed to a purchase price equal to…

Thomas D Wood & Co. Secures $3.2M in Financing-Thomas D. Wood & Co has secured $3.2 million in financing for two shopping centers through its relationship with the Standard Life Insurance Co.

Steve Wood, COO of Thomas D. Wood, along with Mike Daspin of United Financial, secured $1.2 million in…

Horizons East Sells Doral Showroom and Warehouse-Horizons East LLC sold the industrial facility at 3655 Northwest 115th Ave. in Doral, FL, to Aizpar Real Estate Holdings LLC for $3.66 million, or approximately $100 per square foot, in an all-cash transaction.

The 35,720-square-foot showroom and warehouse…

Bank Watch: Regulator Says Bankers, Not Bricks, Main Reason Behind Most Bank Failures-Don’t blame the current wave of bank failures on commercial real estate; much of the blame belongs to bad bankers.

While it is clear that commercial real estate and construction and land development loans have figured in most every bank failure in…

Konover South Appoints New VP of Acquisitions-Konover South LLC recruited David Rattner as vice president of acquisitions. His role will primarily focus on identifying new geographic market opportunities for shopping centers nationwide.

Most recently, Rattner served as a vice president of development…

Duke Acquires Royal Palm I and II for $100 Million-Duke Realty’s South Florida office has acquired two Class A office buildings in Plantation, FL. The commercial real estate firm purchased the Royal Palm I and Royal Palm II from TIAA-CREF for $100.4 million, or about $215 per square foot.

This purchase…

Lease Down (Aug. 29 - Sept. 4): Northrop Grumman, Aviat Continue to Downsize-CoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions…

In The Pipeline: CoStar Development and Construction News for Aug. 29 - Sept. 4-In this week’s Pipeline, Forest City Enterprises will privatize and build family housing at four military bases in South Carolina, Tennessee and Mississippi; in Rockville, MD, business and government leaders will officially kick off a $200 million expansion…

Lease Up (Aug. 29 - Sept. 4): BP Selects Memphis Facility to Store Gulf Cleanup Materials-CoStar compiles news of corporate expansions, relocations and lease extensions in the weekly Lease Up news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on consolidatations and lease…