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Archive for ‘July, 2010’

Colin Dyer: Good Recessions and Global Growth

Colin Dyer: Good Recessions and Global Growth

Jones Lang LaSalle’s Colin Dyer talks about global growth and the benefits of the Staubach Co. acquisition.

Marriott Takes Big Step in Green Program with New S.C. Hotel

Marriott Takes Big Step in Green Program with New S.C. Hotel

With the new prototype’s USGBC pre-approval status, Marriott will be able to expedite its plan to expand its portfolio of LEED-certified hotels to 300 by 2015.

Douglas Departs Brookfield for General Growth

Douglas Departs Brookfield for General Growth

Douglas succeeds interim CFO Ed Hoyt. General Growth is working to exit bankruptcy after having declared Chapter 11 last year.

Government Contractor Leases Nearly 100,000 SF in Northern Virginia

Government Contractor Leases Nearly 100,000 SF in Northern Virginia

The federal government and government contractors like ASM Research Inc. continue to liven up the market in suburban Washington, D.C. The technology solutions provider has just signed a new lease for approximately 91,400 square feet of premier space at the 410,000-square-foot Centerpointe office complex in Fairfax, Va.

Check Out CPE’s August Edition

Check Out CPE’s August Edition

The digital version of CPE’s August edition is live, with interviews with Ed Padilla and Mark Burkhardt, along with all the news and information pertinent to your business. To read more, click here.

Grubb & Ellis Healthcare REIT Nails Down $25M BofA Credit Facility

Grubb & Ellis Healthcare REIT Nails Down $25M BofA Credit Facility

The credit facility, which matures on July 19, 2012, may be extended at the option of Grubb & Ellis for an additional year upon certain conditions. It bears interest at a rate equal to LIBOR plus 3.75 percent or 5 percent, whichever is greater.

Pembrook Provides $47M Recapitalization Loan for NYC Condos

Pembrook Provides $47M Recapitalization Loan for NYC Condos

The condominiums have been completed and 26 of 54 units sold. The loan was closed within three weeks from the date the owners signed the loan application.

Economy Watch: Banks Reach 100-Failure Milestone for ‘10

Economy Watch: Banks Reach 100-Failure Milestone for ‘10

Most big banks have been reporting big earnings for 2Q10, but the steady drumbeat of failure among banks that aren’t too big to fail continues. Almost every weekend, the Federal Deposit Insurance Corp. closes a few more and cleans up the mess largely left by bubble-era commercial real estate loans finally dragging their lenders down.

Host Hotels Grabs London’s Le Méridien Piccadilly Hotel for $97.6M

Host Hotels Grabs London’s Le Méridien Piccadilly Hotel for $97.6M

Developed in 1908 and recently renovated, Le Méridien sits in the Mayfair district of London’s West End and, in addition to its luxury guestrooms, features 12,000 square feet of meeting space, a restaurant and a fitness facility.

HFF Sells First Mortgage Loan on 270,069 SF Village at Camp Bowie

HFF Sells First Mortgage Loan on 270,069 SF Village at Camp Bowie

Situated on a 19-acre site on the north and south sides of Camp Bowie Boulevard, the property is 76 percent leased to tenants including Frost Bank, Starbucks, Spring, Edward Jones and State Farm. It underwent extensive renovations from 2004 to 2007.

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