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Northeast
Extell Development Puts Manhattan Retail on Block
Aug. 20, 2008
A retail co-op occupied by Duane Reade in New York City is being put on the block by Extell Development, according to Eastern Consolidated, which is acting on behalf of the seller.
Skinner Announces Move to Marlborough, Mass.
Aug. 20, 2008
Skinner Inc., the  auction house, has announced it will move from its long-time Bolton, Mass. gallery to a new facility located at 274 Cedar Hill Street in Marlborough, Mass.
NYU Buys Gramercy Green for $275M
Aug. 19, 2008
New York University acquired Gramercy Green condo building from J.D. Carlisle for $275 million with plans to convert the 21-story property into a dorm, The Real Deal reported. The building is located at 310 Third Avenue.
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Mid-Atlantic
Neal Joins GVA Advantis as Chairman
Aug. 20, 2008
GVA Advantis said today that Jeffrey Neal has joined the company as chairman. Most recently, he was the co-founder and principal of the Washington-based real estate development company Monument Realty.
Northern Virginia County Gets First LEED Gold Spec Office
Aug. 18, 2008
Construction has wrapped up for the first of two Class A office buildings that will comprise the 230,000-square-foot Atlantic Corporate Park in Sterling, Va., located about 25 miles from Washington, D.C., in Loudoun County.
New Hotel Raises its Flag in Philly
Aug. 15, 2008
Starwood Hotels & Resorts Worldwide Inc. has completed development of yet another hotel under its new Aloft lifestyle brand.
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Southeast
Tri-City Electrical Contractors to Build 400,000-SF Support Center in Orlando
Aug. 21, 2008
The Central Florida commercial division of Tri-City Electrical Contractors Inc. is under way on $8 million of work at Darden Restaurants’ new 400,000-square-foot LEED-certified Support Center as well as  16,284-square-foot LEED-certified Data Center, both located on Taft-Vineland Road in Orlando, Fla., under its contract with Hardin Construction.
Grubb & Ellis Realty Investors Nabs 199,000SF Atlanta Office
Aug. 21, 2008
One Live Oak, a 199,000-square-foot office property in Atlanta, has just been snapped up by Grubb & Ellis Realty Investors L.L.C., which made the purchase on behalf of tenant-in-common investors. Crescent Real Estate Equities was the seller, having shelled out $31 million to acquire the property from TMW Real Estate Group in late 2004.
Post Sells Atlanta Apartment Property, Refinances Others
Aug. 21, 2008
It’s only Wednesday and already it’s been a big week for upscale multi-family developer Post Properties of Atlanta. The REIT has sold its 250-unit Post Oglethorpe apartment community in Atlanta’s Brookhaven area for $38.5 million and has refinanced two apartment complexes held in joint ventures. In addition, two of the big three credit rating agencies recently had some news for the company.
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Midwest
220-Acre Mixed-Use in Works Near University of Missouri
Aug. 20, 2008
A 220-acre parcel near the University of Missouri's Discovery Ridge research park in Columbia is on tap to sprout a gargantuan mixed-use project.
Elk Crossing Shopping Center Sold in Chicago Suburb
Aug. 19, 2008
Mid-America Real Estate Corp.'s Investment Sales Group of Oakbrook Terrace, Ill., announced the sale of Elk Crossing, a 121,507-square-foot grocery-anchored shopping center in Elk Grove Village, a northwest suburb of Chicago.
Chrysler to Expand Detroit Plant with 285,000-SF Addition
Aug. 15, 2008
Chrysler L.L.C. has announced that it will develop a 285,000-square-foot building at its Jefferson North Assembly Plant in Detroit as part of its planned $1.8 billion investment in new vehicle programs.
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Southwest
Prime Retail Buys Land for $100M Dallas Shopping Center
Aug. 21, 2008
Prime Retail has just wrapped up the acquisition of 64 acres of land in suburban Dallas that will become home to Prime Outlets-Grand Prairie. The new 485,000-square-foot shopping center carries a development price tag of approximately $100 million.
ML Realty, RREEF in Dallas-Ft. Worth Deal
Aug. 20, 2008
An eight-building industrial portfolio changed hands as ML Realty Partners took 1.34 million square feet from RREEF Real Estate in the Fort Worth area, according to a report broken in The Dallas Morning News.
Spear Street Takes Austin Office Portfolio
Aug. 20, 2008
San Francisco-based Spear Street Capital has acquired an office property portfolio consisting of Riata Corporate Park and Riata Crossing in Austin. The complex includes 13 buildings totaling about 1.1 million square feet in the northwest submarket of that city, not far from the JJ Pickle Research Campus of the University of Texas at Austin, a center for electronic, aerospace, mechanical, petroleum and environmental-health engineering research.
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West
Pacific Office Properties Nabs $195M Portfolio
Aug. 21, 2008
Pacific Office Properties Trust Inc. and an institutional co-investor have acquired a portfolio of seven Southern California office complexes for $195 million. The combined properties contain more than 1 million leasable square feet across 15 office and flex buildings.
Cushman & Wakefield Sonnenblick Goldman Expands U.S. Platform
Aug. 20, 2008
As the real estate investment market continues to be challenged by credit and liquidity issues, Cushman & Wakefield Sonnenblick Goldman has announced it will expand its U.S. platform into new markets to help meet increasing demand for access to debt and equity capital sources.
Charles Dunn Opens Orange County Office
Aug. 20, 2008
GVA Worldwide partner Charles Dunn Co. is setting its sights on Orange County--it has just opened a new office there, it has announced. GVA Charles Dunn and the Advisory Services group has taken their offices at Knobbe Martens building at Main Plaza in Irvine.
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International
Bidders Circle Urban Corp.
Aug. 21, 2008
Bidders are circling Japan's Urban Corp., according to a Bloomberg News report. Sources tell the news agency that there might be 10 firms interested, including Merrill Lynch & Co.
Prime Income to Build $733M Resort in Germany
Aug. 21, 2008
Dallas-based Prime Income Asset Management and Port Olpenitz GmbH are ready to break ground on the approximately $733 million, 425-acre Port Olpenitz, a holiday resort located in the northeastern section of Schleswig-Holstein, Germany.
Equity International Brazilian Logistics Investment
Aug. 20, 2008
Equity International, the privately-held investment company focused on real estate-related businesses operating outside of the United States, has announced the closing of a $100 million commitment in AGV Logística, a privately-held logistics company based in Sao Paulo, Brazil.
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