Commercial

GREEN LEDE | Green Building News from CoStar-Welcome to Green Lede, a CoStar feature column by sustainability reporter Andrew Burr examining green building and its impact on commercial real estate, politics and the environment.

Nov. 17, 2008
Obama: Energy Policy “Harder Politically” With Cheap…

Apt. Complex in Pompano Beach Sells for $7.6M-The Banyan Village East apartment complex in Pompano Beach, FL, has traded between private investors for $7.67 million, or about $52,200 per unit, at cap rate of 2.58%.

Tal Frydman and Chad Bishop of Marcus & Millichap represented both sides of the…

Nonprofit Buys Facility in Boca Raton-Boca Helping Hands, a nonprofit that works on hunger and crisis situations in Boca Raton, FL, purchased the industrial facility at 1500 NW 1st Court in Boca Raton for $3.27 million, or about $276 per square foot.

The seller was Salvato Investments…

CoStar’s Retail News Roundup: Nov. 16 to 22, 2008-This week in the Retail Roundup, CoStar reports on expansions or new concepts at Columbia, Office Max, Disney Store, and Fresh & Easy; new retail developments in NJ, MO, CA, MI and OK; acquisition, merger, loan or sale activity at Weingarten and Hines…

Heron Bay Exec. Center Sells for $4.2M-Real Estate Investments of Florida LLC acquired the 17,750-square-foot Heron Bay Executive Center in Coral Springs, FL, from Heron Bay Executive Center LLC for $4.25 million, or about $240 per square foot.

The two-story office building delivered last…

Citrus Health Buys Office in Hialeah-Citrus Health Network Inc. acquired the 21,000-square-foot office building at 551 W. 51st Place in Hialeah, FL, from Andy Perez Rental LLC for $2.9 million, or $138 per square foot.

The four-story building was renovated this year and approximately…

CoStar’s Daily Deals of Note for Monday-NATIONAL
Weingarten and Hines Create $271M Joint Venture for 12 Shopping Centers
by Sasha M. Pardy

Weingarten Realty Investors (NYSE: WRI) is selling 12 supermarket-anchored shopping centers for $271 million into a joint venture with Hines Real Estate…

Cole Capital Pays $28.2M for BJ’s Wholesale Bldg.-Cole Capital Partners acquired the BJ’s Wholesale Club building at 5100 NW 9th Ave. in Fort Lauderdale, FL, from The Rosen Group Inc. for $28.2 million, or about $227 per square foot.

The newly constructed building delivered this year and sold at a…

Under Contract (Nov. 9-15): Grubb & Ellis Under the Gun To Sell-In this week’s issue:
We give you the latest properties Under Contract in: Peoria, AZ; Concord, CA; Danbury, CT; Chicago, IL; Saint John, IN; Raleigh, NC; Somerset, NJ; Tuxedo Park, NY; Memphis, TN; Dallas and Houston, TX; and Salt Lake City, UT.
Under…

Property Finance (Nov. 9-15): CBRE Looks To Cushion Cash Reserves-In this week’s issue:
We give you new property finance deals and a valuable leads list of industrial building lenders on recent acquisitions, and loans maturing in the next 12 months in: Arkansas, Connecticut, Florida, Illinois, Indiana, Maryland, Mississippi…