Commercial

CoStar’s People of Note (July 25-31)-This week’s People of Note includes the following markets: Atlanta, Chicago, National, New York City, Phoenix and Portland.

NATIONAL
Former Brookfield Pres. Named CFO at General Growth

Steven J. Douglas, the former president of Brookfield Properties…

iStar Portfolio Fetches $1.3 Billion-Dividend Capital Total Realty Trust Inc., a Denver-based REIT, acquired a portfolio of 39 office and industrial properties for $1.3 billion from iStar Financial Inc. The portfolio is 99% occupied and consists of single-tenant corporate users. Neither…

1450 Brickell Ave Sees 26,000 SF in Lease Transactions-The Rilea Group announced that it has leased more than 26,000 square feet at 1450 Brickell Ave. in Miami to four new tenants. As a result, the 582,817-square foot office tower now has more than 226,000 square feet of leased space.

The 35-story high…

Lease Up/Lease Down (July 25-31): Major NYC Deals for CBS, NFL & Healthfirst-CoStar compiles news of company expansions and relocations, as well as consolidations, closures and layoffs. Look for Lease Up and Lease Down every week, to stay updated on major corporate moves affecting commercial real estate.
In this week’s issue…

CoStar to Introduce the First Comprehensive Repeat Sales Index for Commercial Real Estate-CoStar announced it is launching the CoStar Commercial Repeat Sales Index (CCRSI), the first comprehensive repeat sales index for commercial real estate. The index is intended to provide consistent and timely information to help answer some of the fundamental…

McDermott, Will & Emery Relocate to Wells Fargo Center-McDermott, Will & Emery, signed a 15-year lease for 25,000 square feet at Wells Fargo Center in Miami. The international law firm will be relocating from its current location at Miami Center in October 2011.

Located at 333 Avenue of the Americas,…

In The Pipeline: CoStar Development and Construction News for July 25-31-In this week’s Pipeline, the Ak-Chin Indian Community and general contractor PENTA Building Group break ground on $20 million expansion of a Harrah’s Casino south of Phoenix; a Denver-based electrical contractor completes a new design-build $64 million…

Wachovia Financial Center Retains Two Tenants-The John S. and James L. Knight Foundation, a nonprofit organization dedicated to journalism, and Guy Carpenter, a leading global reinsurance intermediary, have both renewed their leases at Wachovia Financial Center in Miami. The Knight Foundation signed…

CoStar’s Deals of Note (July 25-31)-DALLAS/FT. WORTH
Capri Capital Sells 725,351-SF Office Portfolio in Dallas
By Timothy Houseal

Four Dallas office buildings have changed ownership as Capri Capital Partners sold 725,351 square feet at 8111-17 Preston Road and 5949 Sherry Lane to…

CoStar’s People of Note (July 18-24)-This week’s People of Note includes the following markets: Atlanta, Chicago, Detroit and Raleigh/Durham.

ATLANTA
Avison Young Acquires Hodges Management and Leasing

Avison Young purchased Hodges Management and Leasing Co., an Atlanta-headquartered…