NUMMI plant goes on the block
After closing down operations six weeks ago, the New United Motors Manufacturing Inc. plant in Fremont is for sale. Brokerage firm CB Richard Ellis has the listing for the property
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Cash-Rich Cole Real Estate Bests Foreign Investors for Trophy Office in Bellevue
What do you do in this market if you’re raising money like crazy to invest in commercial real estate — as much as $100 million a month? If you’re Cole Credit Property Trust III Inc., a non-traded REIT in Phoenix, AZ, you spend like crazy, too.The…
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Lionstone, Teacher Retirement System of Texas shopping for real estate
The Lionstone Group is partnering with the Teacher Retirement System of Texas to acquire as much as $500 million worth of real estate across the country.
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Apartment Sales Volume Up; Money More Available
The apartment market continues to rebound from the “Great Recession” according to the National Multi Housing Council’s (NMHC) latest Quarterly Survey of Apartment Market Conditions.Sales volume is up, debt and equity are more available and markets…
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Real Money: Capital Raisings
Lennar Corp. in Miami, FL, agreed to sell $250 million principal amount of 6.95% senior notes due 2018 and $250 million principal amount of 2% convertible senior notes due 2020. Lennar plans to use approximately $200 million from the net proceeds to fund…
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Mall, Shopping Center REITs See Brightening Retail Landscape
With consumers spending more at U.S. malls and shopping centers this year, retail REITs reported improved first quarter operating results, stronger store sales and stepped up leasing activity as occupancies, rents and other fundamentals showed signs of…
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Lease Up (May 9-15): Bain Capital, GE Expand
CoStar compiles news of corporate expansions, relocations and lease extensions in the weekly Lease Up news report, a concise read keeping you updated on major corporate moves affecting commercial real estate, and can also be a valuable source for…
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River Bend marina faces foreclosure
The company that operates the River Bend Marine Center in Fort Lauderdale has been hit with a foreclosure action – the fourth against a company led by Palm Beach investor Robert V. Matthews.
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Federal Reserve Boosts Oversight of Carolina First Bank
The South Financial Group, Inc. in Greenville, SC, entered into a written agreement (the Federal Reserve System that provides, among other things, that the holding company must serve as a source of strength to its subsidiary Carolina First Bank, and that…
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Dow loses 162 points, but Dish Network up 4%
The Dow fell 162 points Friday, but still finished the week up 239 points from last Friday’s close. In Colorado, Dish Network and Newmont Mining were among a few actively traded gainers.
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