Plenty of Recession Damage Still Left To Undo

The commercial real estate rubble still left over from the Great Recession continues to exact a punishing toll on property values and owners’ and lenders’ books. In this statistical state analysis, CoStar Group has identified 168,580 office, flex, industrial and retail pro
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Commercial or Retail Property Managers – Risk Management Strategies and Tips

In this commercial and retail property market, it is important that you manage risk and the various factors that can apply to each and every landlord. Risk can create instability in rental, tenancy mix, and vacancy profiles. Here are some ideas to help the risk management process. Rea
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Digital Realty Trust Pays $123M for Dallas Office Park

Digital Realty Trust Inc. (NYSE: DLR) picked up 819,000 square feet at an operating data center and office campus in Lewisville, TX, for $ 123 million or $ 129 per square foot. Brookfield Real Estate Opportunity Fund I sold Convergence Office Center, which is about 40 minutes north of
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Lonardo Joins Sperry Van Ness

John C. Lonardo, CCIM has joined the Sperry Van Ness office located in Miami, FL as a senior advisor. A 28 year veteran of the South Florida real estate market with a bachelor’s degree from Ohio University and a CCIM designee, John has spent the last 10 years in the highly compe
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In The Pipeline: CoStar Development & Construction News for March 11 – 17

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project —
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Commercial Property Managers – Keys for Landlords in Choosing a Property Manager Today

When a landlord needs a commercial or retail property manager, they deserve the best. Fees should not be a consideration as a good property manager will more than compensate for their costs of service through better net income and tenancy mix outcomes. Here are my ideas on that. Real-
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A Tale of Two Buildings: Gamemaker Zynga’s $228M Purchase Underscores Growth Spurt of Social Networking Cos.

One week after Web-based software maker Salesforce.com cancelled its plans to build a massive office complex in San Francisco leaving investors and city officials puzzled, another highly successful Internet company, Zynga Inc., struck a deal to purchase its corporate headquarters in S
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American Welding Society Sells Miami Office Bldg

The American Welding Society sold its office building at 550 LeJeune Rd. in Miami, FL for $ 4.6 million, or about $ 99 per square foot. The four-story, 46,338-square-foot office building was constructed in 1971. At the time of sale, the property was vacant. It was the previous home to
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CoStar’s People of Note (March 3-10)

This week’s People of Note includes the following markets: Atlanta, Chicago, Boston, Dallas/Fort Worth, East Coast, Milwaukee, Madison, National, Retail and Washington, DC. WASHINGTON, DC Avison Young Acquires Realty Management Co., Taps Owner as Principal By Laurie Forbes Aviso
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Volvo Ocean Race Coming to Miami in May, 14-Day Event to Have Multi-Million Dollar Tourism Impact

Volvo Ocean Race coming to Miami (Photo by Ian Roman) (Miami, FL) — Recently the Miami Downtown Development Authority (Miami DDA) announced their commitment to the Volvo Ocean Race coming to downtown Miami in just two months. Considered one of the most prestigious sail events in
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