RE Business Online Real Estate Business From Coast to Coast




ABR 16.69 0.00   AEC 12.50 0.00   AIV 37.97 0.00   AKR 24.72 0.00   AMB 56.98 0.00   AMY 7.11 0.00   ARE 102.40 0.00   ASN 0.00 0.00   AVB 99.41 0.00   BDN 18.20 0.00   BPO 20.33 0.00   BXP 97.76 0.00   CBL 26.10 0.00   CDR 11.86 0.00   CEI 0.00 0.00   CLI 38.00 0.00   CLP 23.00 0.00   CMO 13.06 0.00   CPT 49.26 0.00   CPV 22.46 0.00   CUZ 26.77 0.00   DDR 40.63 0.00   DRE 25.58 0.00   E 79.12 0.00   EGP 46.51 0.00   EPR 52.89 0.00   EQR 41.65 0.00   EQY 24.01 0.00   ESS 117.00 0.00   FCE-A 39.78 0.00   FCH 14.31 0.00   FPO 16.78 0.00   FR 30.17 0.00   FRT 79.75 0.00   GCT 6.57 0.00   GGP 41.20 0.00   GRT 12.88 0.00   HIW 33.82 0.00   HME 50.09 0.00   IRC 15.65 0.00   JLL 70.44 0.00   KIM 39.49 0.00   KRC 52.44 0.00   KRG 14.09 0.00   LRY 35.19 0.00   LXP 14.64 0.00   MAA 54.09 0.00   MAC 73.15 0.00   NNN 21.96 0.00   O 23.99 0.00   OFC 38.24 0.00   PEI 26.23 0.00   PKY 38.49 0.00   PLD 61.75 0.00   PPS 36.20 0.00   RPI 6.55 0.00   RPT 22.07 0.00   SKT 38.86 0.00   SLG 94.75 0.00   SPG 99.53 0.00   SUI 19.00 0.00   TCO 54.94 0.00   UBA 16.15 0.00   UDR 24.03 0.00   VNO 92.48 0.00   WRE 34.75 0.00   WRI 35.56 0.00  
TODAY'S TOP STORIES



CANTOR FITZGERALD LAUNCHES NEW REAL ESTATE GROUP

NEW YORK — Cantor Fitzgerald, L.P. has launched a new real estate group, Cantor Real Estate, LLC. Andrew Stark, who will be the executive managing director of the firm, will head the new group up. Cantor Real Estate will create a real estate opportunity fund as an investment vehicle for Cantor partners and other investors. The fund will focus on opportunistic investments in various real estate sectors and dislocated assets. Prior to joining Cantor, Stark was the president of the Northeast and Mid-Atlantic regions of WCI Communities.

For more news from the Northeast, click here.



Westfield Development Co. is building 1800 Larimer, a 22-story, 500,000-square-foot office tower in Denver’s central business district.

CONSTRUCTION BEGINS FOR 22-STORY OFFICE TOWER

DENVER — Westfield Development Co. has begun construction of 1800 Larimer, a 22-story office tower located in Denver’s central business district. The pre-certified Platinum LEED CS building will offer 500,000 square feet of office space. The project is nearly 75 percent pre-leased to a variety of tenants, including Xcel Energy, Westfield Development Co., Westfield Capital Partners, Frederick Ross Company, Apartment Realty Advisors and Citywide Banks. Wachovia is providing construction financing for the project, which is slated for completion in 2010.

For more news from the West, click here.



UNITED PROPERTIES TO DEVELOP FIVE-BUILDING OFFICE PARK
IINVER GROVE HEIGHTS, MINN. — Minneapolis-based United Properties has received preliminary approval from the city of Inver Grove Heights for the development of Inverwood Business Park, a five-building office park located at the intersection of Highway 55 and Barnes Avenue. Once complete, the park will contain 470,627 square feet of office space. Groundbreaking is set to occur late this year or in early 2009. NorthMarq Real Estate Services will handle leasing at the park.

For more news from the Midwest, click here.



HFF SECURES $80 MILLION LOAN FOR BETHESDA OFFICE BUILDINGS

BETHESDA, MD. — Bob Donhauser, Bill Asbill and Cary Abod of Holliday Fenoglio Fowler’s (HFF) Washington, D.C. office have secured an $80 million loan for Rockwall I and II, two Class A office buildings totaling 345,885 square feet in Bethesda, on behalf of Chevy Chase, Md.-based The JBG Companies. The fixed-rate, 5-year loan was obtained through HFF’s relationship with ING Real Estate. The properties are currently 89 percent leased, with The Food and Drug Administration occupying 40 percent of the space. The buildings are located at 11400 Rockville Pike and 5515 Security Lane.

For more news from the Southeast, click here.



GROCERY DISTRIBUTION FACILITY SECURES $4 MILLION

LUBBOCK, TEXAS — Portland, Ore.-based NBS Real Estate Capital has acquired a $4 million note from a national conduit lender secured by a grocery distribution facility in Lubbock. The 494,142-square-foot property is leased on a long-term basis to a strong credit tenant. The first mortgage is composed of a senior A note and a junior B note.

For more news from Texas, click here.




TODAY'S ARTICLE:
Architecture



Prevent Droughts from Putting a Damper on Your Commercial Landscape

By Margie Holly
Communications Manager, Brickman

In commercial real estate, the importance of curb appeal cannot be underestimated, particularly in today’s market. In order to keep vacancies low and property values high, it is essential for buildings to look their best year round. To keep commercial properties in tip-top condition, a well-maintained landscape is a must. Unfortunately, in Southeastern states like Georgia and the Carolinas, frequent droughts and stringent water restrictions have turned landscaping into a real challenge in recent years. However, with a little forethought and careful planning, there are ways to keep a commercial landscape green during even the driest of months. Consider the following information as while working with a landscape contractor to develop a drought-tolerant landscape plan.

For the entire article, click here





   Please visit our other websites: