Archive for CoStar Group
MIG Real Estate Purchases Scottsdale Centre for $20.8M
By Dale Zavodsky MIG Real Estate, a Newport Beach, Calif.-based investment firm, acquired the Scottsdale Centre in Scottsdale, AZ for $20.8 million, or about $126 per square foot. The two-story office building delivered in 1984 at 7373 N. Scottsdale …
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MID Puts Horse Racing Out to Pasture To Focus on Real Estate
The racing and gaming assets acquired by The Stronach Group include: Santa Anita Park; Golden Gate Fields; Portland Meadows; MID’s joint venture interests in Maryland Jockey Club’s real estate and racing assets (Pimlico Race Course, Laurel Park and the …
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Flow of Real Estate Capital Surges
By Mark Heschmeyer Companies and funds reported raising $35.48 billion from investors in the second quarter for real estate-related deals and refinancings. The amount of funding raised brings the total inflow for the first six months of the year to …
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Goodman Real Estate Acquires Two Tacoma Apartments for $5.9M
By Nick Bell Goodman Real Estate, Inc. acquired the Stoneridge Apartments from a private investor for $3.26 million, or $43500 per unit. In a separate transaction, Goodman Real Estate acquired the Southern Pines multifamily building for $2.65 million, …
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The CRE Recovery Continues
By Mark Heschmeyer Commercial real estate (CRE) fundamentals continued to strengthen in the second quarter of 2011, albeit at a much more moderate pace than the end of last year. The temperate recovery is consistent with global economic trends, …
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CoStar’s People of Note (June 26-July 2)
Editor’s Note: CoStar’s People of Note is published each Friday covering the latest commercial real estate executive level promotions and new hires. Please click on the headline of each article to jump to full coverage. Follow the news on Twitter …
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Retail Sputtering from Exhaust of High Gas Prices
However, says Kevin White, a real estate strategist for CoStar Group, “While these factors have no doubt played a role, it seems clear that the spike in oil prices from $90/barrel late last year to nearly $115/barrel in April deserves most of the blame …
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Kimball Promoted to Assistant VP at MB Real Estate
By Bryce Meyers MB Real Estate, a full-service real estate organization, promoted David Kimball from associate to assistant vice president. Kimball joined MB Real Estate in 2005 and has recently represented such notable clients as HDI-Gerling America, …
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Blackstone Closes $9 Billion Purchase of Centro Properties US Assets
By Randyl Drummer A Blackstone Real Estate Partners VI LP affiliate announced it completed the acquisition of 585 community and neighborhood shopping centers and other US retail assets of Centro Properties Group and its managed funds for about $9 …
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SRS Real Estate Taps Miller as VP
By Jean Bradley SRS Real Estate Partners named Michael Miller as vice president in its Dallas/Ft. Worth office. His new responsibilities will include the specialization of commercial/retail leasing, sales and development, and he will represent national …
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