News | EDGE Asset Management

This week’s People of Note includes the following markets: Atlanta, Baltimore, Denver, National, New York City and Washington, DC. NATIONAL CBRE Names President of New Central Division By Steven Burlison CB Richard Ellis Group promoted Jack Durburg (pictured, left) to president

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August 16, 2011

by Oriah

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August, CoStar's, Note, People

AP – A little good news could bring some stability back to Wall Street this week as investors look for bargains amid chaos. Yahoo! News: Business News

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August 16, 2011

by Oriah

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Daily, face, important, markets, News, volatile, week

Washington Real Estate Investment Trust agreed to sell its 16-building industrial portfolio and two office properties in Maryland, Washington, DC, and northern Virginia for $ 350 million. AP AG Portfolio LLC, a partnership led by AREA Property Partners Value Enhancement Fund VII LP an

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August 16, 2011

by Oriah

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$350M, Industrial, Offices, Portfolio, Sell, WRIT

Reuters – From an empty auto-parts plant in the heart of Rust Belt America, General Motors Co is out to show the world that the automaker once dismissed as an industrial dinosaur has gained some Silicon Valley cool just two years after its taxpayer-funded bankruptcy. Yahoo! News

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August 16, 2011

by Oriah

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cool, hopes, Insight, Reuters, spending, startups

Will CoStar’s Mobile App for Commercial Real Estate Revolutionize the Brokerage Industry? National Real Estate Investor

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August 16, 2011

by Oriah

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Brokerage, Commercial, CoStar's, Estate, Industry, Mobile, Real, Revolutionize

David Crowe Based on the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for August, builder confidence in the market for newly built, single-family homes held unchanged at a low level of 15. “Builders continue to confront the same major chall

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August 16, 2011

by Oriah

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August, Builder, Confidence, Despite, Flat, Index, Market, Remains, U.S., Uncertainty

Inland American Real Estate Trust Inc. purchased 549,000 square feet at White Oak Crossing Shopping Center in Garner, NC, from local developer Collett & Associates for $ 95 million, or about $ 173 per square foot. The deal includes retail buildings at 1219-1229 E. Timber Drive, 2

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August 16, 2011

by Oriah

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$95M, Acquires, Crossing, Inland, White

Global risk management and insurance giant AON Group has signed a 38,000-square-foot renewal deal at Brickell Bay Office Tower at 1001 Brickell Bay Dr. in Miami, FL in what is the largest office lease signed in the submarket this year. The firm will retain building-top signage rights

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August 16, 2011

by Oriah

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38000, Brickell, Office, Renews, Tower

In an analysis of commercial real estate sales completed through June of this year, investors showed a sharpened appetite for commercial property, with increasing demand pushing prices up in the second quarter, according to the latest release of the CoStar Commercial Repeat Sale Indic

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August 16, 2011

by Oriah

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Ahead, Commercial, Demand, Estate, gains, Jolts, Latest, Market, MidYear, Prices, Real, Rising, Signal

AP – The leaders of France and Germany called Tuesday for greater economic discipline and unity among European nations but declined to take the expensive financial measures seen by many investors as the only way to halt the continent’s spiraling debt crisis. Yahoo! News: B

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August 16, 2011

by Oriah

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eurozone, government, Merkel, propose, Sarkozy

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CoStar’s People of Note (August 6-13)

Daily news important as markets face volatile week (AP)

WRIT To Sell Industrial Portfolio, 2 Offices for $350M

Insight: GM hopes spending on start-ups will make it cool (Reuters)

Will CoStar’s Mobile App for Commercial Real Estate Revolutionize the Brokerage Industry?

Builder Confidence Index Remains Flat in August, Despite U.S. Market Uncertainty

Inland Acquires White Oak Crossing for $95M

AON Renews 38,000 SF at Brickell Bay Office Tower

Rising Prices Signal Gains In Commercial Real Estate Demand at Mid-Year Ahead of Latest Market Jolts

Merkel, Sarkozy propose eurozone government (AP)