In The Pipeline: Construction and Development News for Aug. 14 – 20

In The Pipeline is a column on significant commercial real estate land sales, transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new project — and sign up to be added to our distrib
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Grubb & Ellis Sells Daymark; Exits Tenant-in-Common Business

Grubb & Ellis Co. has sold it Daymark Realty Advisors Inc., to a joint venture entity controlled by Sovereign Capital Management Group and Infinity Urban Century, an investment affiliate of The Infinity Group for an undisclosed price. Grubb & Ellis has exited the tenant-in-c
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Lease Up: Novo Nordisk, Netflix, Nautilus, PwC, Franklin Elec. All Building New HQs

By: Randyl Drummer Danish pharmaceutical company Novo Nordisk Inc., and a joint venture led by Ivy Equities and LCOR in partnership with Intercontinental Real Estate Corp., announced a $ 215 million project to redevelop a 770,000-square-foot office building in the Princeton Forrestal
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S&P Credit Rating Downgrade’s Impact on Commercial Real Estate

While S&P’s debt rating downgrade for the U.S. may not have come as a total surprise to investors, it’s important to understand the specific rationale the ratings firm cited for the downgrade, and perhaps more importantly, to understand what was not part of the reason for t
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Google Leases Another 715,500 Square Feet In Silicon Valley

Google, Inc., which announced the largest acquisition in its history Monday with the proposed $ 12.5 billion deal to purchase Motorola’s cell phone business, has executed a long-term lease to occupy about 715,500 square feet of office space at the Technology Corners office campus in S
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10 Reasons to Get a Condo Website

It’s affordable, it increases the perceived value of your property, and it saves your condo board time and money and it provides you with a portal through which you can communicate with others in your community. When you sign up for a site with a company that specializes in cond
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Beacon Capital Wins Bidding for 14 U.S. Office Buildings

Charter Hall Office REIT in Sydney, Australia, executed binding contracts to sell its interest in 14 U.S. office buildings for $ 1.71 billion to entities affiliated with Beacon Capital Partners LLC. The gross sale price represents a $ 35 million (or 2%) premium to the Dec. 31, 2010, b
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Saks 2nd-qtr loss narrows on full-price selling (AP)

AP – Saks Inc. reported a much smaller second-quarter loss on Tuesday as the luxury retailer managed to sell more items at full price and increase its revenue. Yahoo! News: Business News
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Seaport Real Estate Continues to Trump Overall U.S. Industrial Market in 2011

Despite ongoing economic unrest, port properties have enjoyed a stellar year. According to Jones Lang LaSalle’s third annual Port, Airport and Global Infrastructure (PAGI) report, commercial real estate in the markets surrounding the country’s seaports is leading the U.S.
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Industrial output surges as Japan quake impact eases (Reuters)

Reuters – U.S. industrial output recorded its best gain in seven months in July as the auto sector bounced back from supply disruptions wrought by Japan’s devastating earthquake in March. Yahoo! News: Business News
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