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CoStar's People of Note (Jan. 29-Feb. 4)
This week's People of Note includes the following markets: Chicago, Dallas/Fort Worth, Los Angeles, Milwaukee/Madison, New York City, Philadelphia, Pittsburgh, South Florida, Washington, DC.
LOS ANGELES
Cockrum Joins Lowe Enterprises Investors as SVP
By Laurie Forbes
Lowe Enterprises Investors hired William M. Cockrum IV as senior vice president to head the company?s marketing and capital raising efforts. He will be based in th
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GREEN LEAD | Green Building News from CoStar
GREEN LEAD is a column on environmental and sustainable design and construction, best practices for green building maintenance and operations, economic impact on developers and owners, new LEED and Energy Star building certifications, and trends in the Green Building movement.
Send in your Green News Leads to news@costar.com
Latest Research on Green Real Estate Now Available
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Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement
A two-week period of exclusive negotiations between Grubb & Ellis Co. and New York-based financial brokerage BGC Partners expired Tuesday without an agreement, according to a document filed with the U.S. Securities and Exchange Commission.
Under the previous agreement, Grubb & Ellis provided an exclusive right to negotiate for BGC Partners, headed by chief executive Howard Ludnick, to pursue a debt or equity financing agreement or acquisition of...
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The St. Joe Co. Plans To Cut $190 Mil. in Spending
The new management team at Florida real estate landowner developer, The St. Joe Co., adopted a new real estate investment strategy, which is focused on reducing future capital outlays and employing new risk-adjusted investment return criteria for evaluating the company's properties and future investments in such properties.
The St. Joe Co. is one of Florida's largest real estate development companies and Northwest Florida's largest private landowner...
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Flagler Set to Sell for $1.2 Billion
Private equity group TPG Capital LP has entered an agreement to acquire Flagler, a Florida-based real estate company, from private equity firm Fortress Investment Group LLC for $1.2 billion.
The purchase will include Flagler's management team as well as a mixture of various types of real estate in and around the Orlando, Miami and Jacksonville markets.
A letter of intent has been signed by TPG and a partial payment is expected next month.
Flagler...
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Smashing Good Deal? City Center Aces Women's Tennis Assoc.
The Women?s Tennis Association (WTA), the world?s leading professional sports organization for women, signed a lease for 15,360 square feet in the City Center building at 100 Second Ave. S, keeping its headquarters in downtown Saint Petersburg, FL.
The 12-story, 268,200-square-foot, class A office tower is located in the St. Petersburg CBD submarket. City Center has been around since 1984 and consists of two office buildings and an attached six...
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In The Pipeline: CoStar Development & Construction News for Jan. 29 - Feb. 4
In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail.
Trammell Crow, Principal Launch $1B Development Program
Principal...
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Market Trend: Tampa/St Petersburg's Retail Vacancy Decreases to 7.1%
The Tampa/St Petersburg retail market experienced a slight improvement in market conditions in the fourth quarter 2011.
The vacancy rate went from 7.3% in the previous quarter to 7.1% in the current quarter. Net absorption was positive 619,317 square feet, and vacant sublease space decreased by 62,065 square feet.
Tenants moving into large blocks of space in 2011 include: Hobby Lobby moving into 53,271 square feet at 3615 S Florida Ave...
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NAI Realvest Launces Energy Site Selection Team
NAI Realvest, one of Central Florida's largest, fully-integrated commercial real estate companies, has launched an Energy Site Selection Team to assist the growing field of alternative energy producers with locating suitable sites for solar, waste-to-energy and biomass production facilities in the state.
"The solar market is changing," said George Livingston, chairman at NAI Realvest, noting that alternative energy production is an increasingly...
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CoStar's People of Note (Jan. 22-28)
This week's People of Note includes the following markets: Dallas, Denver, National, New York City, Orange County, San Francisco and Washington, DC.
DALLAS, NATIONAL
Behringer Harvard Appoints New President, CEO of REITs
By Laurie Forbes
Behringer Harvard hired Michael J. O'Hanlon as an executive vice president of the firm and as CEO and president of Behringer Harvard Opportunity REITs I and II. He took the place
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