Allison Landa
IREM: Shopping-Center Income Up, Occupancy Down
It’s a mixed bag for those in the battered retail sector.
Lowe Wraps Up $188.5M First Phase of San Diego County Office Project Under Budget
The new operations center is sprouting up at the site of the original center, which, as the county determined after doing a little research in 2005, would cost in excess of $216 million to maintain over a 20-year period.
Savills Advises Fortress, Northstar on $72M Mezzanine Loan Sale on Columbia Sussex Hotel Portfolio
The portfolio was sold to The Blackstone Group for an undisclosed price.
Economy Watch: Most Retailers Enjoy a Surprise September Uptick
According to the U.S. Census Bureau, retail sales saw an unexpected increase in September. The bureau’s monthly report, released on Friday, noted that retail and food services sales totaled $367.7 billion, an increase of 0.6 percent from August, and a meaty 7.3 percent more than the same month in 2009.
Ratkovich Grabs 28-Acre Former Howard Hughes Property in Los Angeles
In a joint venture with Penwood Real Estate Investment Management, Ratkovich shelled out $32.4 million for the land, which is presently home to 537,000 square feet in 11 historic structures, one of which served as the hangar where billionaire aviator and movie producer Howard Hughes developed the renowned Spruce Goose.
GW Medical Faculty Buys 120,000-SF Building in DC
The purchase price was $49.5 million.
EnerVest Takes Space in Houston
The oil and gas firm has expanded its Houston headquarters by 36,721 square feet while renewing its headquarters lease for a total of 117,316 square feet in downtown’s First City Tower at 1001 Fannin.
Granite Taps Robbins as Atlanta Managing Director
Robbins, who officially started his position at the beginning of the month, comes to Granite from Sage Realty Partners.
JLL Nails Down 100,000-SF Industrial Lease in Southern California’s Inland Valley
According to JLL executive vice president Sam Foster, landlord EastGroup Properties showed an impressive ability to adapt to current conditions, making it possible to secure a deal with REPET that provided improvements at a favorable rate.
Economy Watch: RealtyTrac Says Foreclosures Up During Third Quarter
RealtyTrac, which tracks the nationwide residential foreclosure market, said on Thursday that all variety of foreclosure filings—default notices, scheduled auctions and bank repossessions—increased during the third quarter of 2010 by 4 percent compared with the previous quarter, to a total of 930,437 properties all together.