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Birmingham Commercial Real Estate News From CoStar Group
CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.
Watch List (May 4-10): Lenders Continue To Tighten Money Supply
In this week?s issue:
-- The Federal Reserve tells us that it is getting harder to get a CRE loan;
-- However, Fitch Ratings says most borrowers with large loans coming due should be able to extend or refinance with little trouble;
-- American Realty...
Facility Closures and Layoffs (May 4-10)
This article is excerpted from Watch List, a weekly column of market conditions, company expansions and contractions and real estate investment opportunities.
Pliant Corp. in Schaumburg, IL, plans to consolidate a number of locations: 299 Clukey Drive...
CoStar's Daily Deals of Note for Thursday
NATIONAL MARKETS
Walgreens Makes One Times Square Lease Final
by Kevin Bryant
In another big medical property portfolio deal, mixed office/industrial owner HRPT Properties Trust (NYSE: HRP) has agreed to the $565 million sale of 48 medical offices...
Business Expansions, Relocations (May 4-10)
ALMO Distributing Wisconsin leased 107,505 square feet at 7515 N. 81st St. in Milwaukee, WI. It will move from its current site at 4200 N. Port Washington Road this month. Tom Shepherd of Inland Cos. represented Centerpoint Properties. Jim Young of Colliers...
Under Contract (May 4-10)
Winthrop Realty Trust announced that the condition to transferring the property at 600 W. Jackson St. in Chicago, IL, a property in its Marc Realty portfolio, has been satisfied and that the sale of the property is expected to occur within the next 90...
Daniel Corp. Flips Riverpoint Bldg.
Nexity Financial Corp. purchased the Riverpoint Building at 3 Digital Drive in Cahaba Center at Grandview in Birmingham, AL, from Daniel Corp. for $8.5 million, or about $127.50 per square foot.
The three-story, 66,614-square-foot, Class B office building...
Metro Commercial Buys 75 Acres in Bessemer
Metro Commercial Properties acquired 75 acres at the 400 block of Brooklane Drive in Bessemer, AL, from the Tove Corp. for $1.1 million, or about $14,667 per acre.
The property, near Interstate 59 on Brookland Drive, is in the Birmingham-Bessemer submarket...
CoStar Salutes 2007 Birmingham CoStar Power Broker Award Winners
This week, CoStar announced the winners of the 2007 CoStar Power Broker Awards, recognizing the achievement of top brokerage firms and individual brokers who closed the highest transaction volume in commercial property sales and leases in 2007.
Now...
CoStar's Retail News Roundup: May 4 to 10, 2008
This week in the Retail Roundup, CoStar reports on expansions or new concepts at Kohl's and Steve & Barry's; new retail developments in NY, MI, CA, FL, and TX; acquisition, merger, loan or sale activity at Hanley Investment Group, Centro Properties Group...
UPDATED: Watch List (April 27-May 3): Filling the Need for Financing
In this week?s issue:
-- Morgan Stanley, Goldman Sachs, Shorenstein, LaSalle, it seems everyone is raising money for distressed assets; and
-- Spring has sprung but housing continues to fall.
-- Plus, we give you the latest notices of facility closures...
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