Vornado Completes $228M Trade of Chicago Property

Merchandise Mart Properties Inc., a subsidiary of Vornado Realty Trust (NYSE: VNO), completed its sale of the Shops at the Mart building park for $ 228 million, or about $ 188 per square foot. Shorenstein Properties LLC made the purchase on behalf of its $ 1.23 billion Shorenstein Rea
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JLL Reaches Goal of 1K Energy & Sustainability Accredited Professionals

Jones Lang LaSalle (NYSE: JLL) finished 2011 with 1,075 professionals accredited with LEED or other energy and sustainability designations, exceeding its publicly stated “Accredit 1K” goal to reach this number by the end of 2012 – one year early. When the goal was co
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Who Is Living in Your Rental Property?

Real Estate investing can be financially rewarding if done correctly. What does correctly mean you ask? Well, there are many things to consider when deciding to be a landlord such as rental value, handling repairs, rent collections and lease signing. Real-Estate:Property-Management Ar
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REIT Buys Atlanta Data Center for $95 Million

Carter Validus Mission Critical REIT Inc. purchased the Peachtree Data Center in downtown Atlanta, GA, for $ 94.75 million. A private entity listed as 180 Peachtree Retail LLC sold the property to the partnership led by CV REIT and supported by three institutional investors. The trans
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CoStar’s People of Note (Jan. 1-7)

This week’s People of Note includes the following markets: Baltimore, Chicago, Charlotte, East Bay, Kansas City, New York City, Phoenix, Raleigh/Durham, San Francisco, South Bay, South Florida and Washington, DC. CHICAGO Investment Sales Expert Joins CBRE CBRE recruited Paul Lun
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Falling Home Prices Making California a Move-To State Again

Texas may be holding on to the Magnet State title, but the Allied Van Lines’ 44th Annual Magnet States Report shows California regaining a strong a position on the inbound list after more than a decade on the outbound. For the seventh year in a row, Texas eclipsed every other st
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Wall Street falls on euro zone concerns (Reuters)

Reuters – Stocks fell on Thursday as encouraging reports on the labor market were not enough to offset concerns about the euro zone’s debt crisis. Yahoo! News: Business News
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Stocks cheered by growth hopes, debt woes drag euro (Reuters)

Reuters – Asian stocks rose on Wednesday as investor risk appetite returned after upbeat U.S. and European economic data improved the global growth outlook, but the euro’s gains were short-lived due to deep-set worries over the European debt crisis. Yahoo! News: Business N
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2012: Better? More of the Same? or Total Economic Chaos?

The commercial real estate world this year will look a lot like it did in 2011, according to CoStar newsreaders. During the last few weeks of the year, we asked readers to give us your boldest, best predictions that you could take to Las Vegas and put money on. Based on that propositi
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Updated Sears: To Shutter Up to 120 Stores; 79 ID’d So Far

With quarterly stores down more than 5% from the same quarter last year, Sears Holdings Corp. plans to close 100 to 120 of its Kmart and Sears full-line stores – and announced there could be more coming. Editor’s Note:First batch of Sears Kmart store closings has been rele
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