Consumer Shift To Value Affecting Anchor Tenant Mix
The bankruptcy, liquidation and underperforming-store-closure efforts executed by retail chains during this recession created a swath of junior anchor and anchor store vacancies across the nation. Combined with the screeching halt that healthy retailers…
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Brickwell Bank fails; CorTrust buys its deposits, branch
Brickwell Community Bank was seized Friday by the Minnesota Department of Commerce.
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Lease Cancellations: ADS Logistics Packs Up Some Facilities
ADS Logistics filed for Chapter 11 bankruptcy reorganization earlier this month. ADS provides integrated transportation, distribution and logistics services for the metals industry. It operates a nationwide network of warehousing, shipping and distribution…
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Equinix to Build Data Centers in D.C., Silicon Valley
Equinix Inc. announced plans to build a 170,000-square-foot data center in San Jose, CA and a 152,000-square-foot facility in the Washington, D.C. area, two of the nation’s most networked regions. Foster City, CA-based Equinix will build its $145…
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Prudential, Rubloff in Chicago merger
Second big brokerage deal in Windy City this month
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Pr. George’s plan boosts rural development
The Prince George’s County Council has approved a master plan that will allow greater density in rural areas of the county.
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Wells Fargo exec used Malibu Colony home lost by Madoff-duped couple, neighbors say
Bernard L. Madoff’s massive fraud stunned some of the wealthy denizens of Malibu Colony, especially when a couple devastated by the scheme surrendered their oceanfront home to Wells Fargo Bank.
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Uptown neighborhoods oppose Vernon Manor’s conversion to low-income housing
The neighborhoods surrounding the Vernon Manor are lining up to oppose the conversion of the former luxury hotel to low-income housing.
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CRE Sales Will Pick Up, But Values Expected to Stay Flat Through ‘12
Credit markets for office, industrial, retail, hotel and multifamily property should see the effects of a gradual return of liquidity during the second half of 2009, Jones Lang LaSalle predicted in its U.S. Midyear Capital Markets Bulletin released last…
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Mastermind of mortgage-fraud ring gets 30 years in prison
Uto Essien has been sentenced to 30 years in prison for his role as the ringleader in a multimillion-dollar mortgage fraud scheme.
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