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CHICAGO-McMorgan & Co. has brought CB Richard Ellis in to sell the 311,000-square-foot office tower it has owned since 2004.
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Finance Woes Continue to Reverberate IRVINE, CA-The long-term impact of the subprime mortgage industry crisis and related financial industry problems surface in new deals and reports here and elsewhere. |
Recession Opens Doors for Suites Operators LOS ANGELES-News that Europe's Locartis is expanding into the US marks the latest example of how the recession creates conditions are ripe for the executive suites industry. |
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SECTOR WATCH
CBRE Industry Guru To Retire in NovemberCHICAGO-Ed Schreyer, an SVP for the Global Corporate Services team, will replace Jim Dieter as executive managing director of the Industrial Services Group.
INDUSTRIAL
• Lear Corp. Prepares to File Chapter 11• Industrial Tenants Ink 292,000 of Leases
• Earth Friendly Products Buys 100,000-SF Building
MULTIFAMILY
• MBA: Q1 Property Sales Total $9B• $12M Snatches Up 90-Unit MF Portfolio
• Cohen Secures $5M Financing for Multifamily Properties
RETAIL
• Medical Tower Lines Up First Tenants• Back to Work on Streets of Buckhead
• Council Signs Off on Fordham Expansion
HOTEL
• Colony Financial REIT Files $500M IPO• Improving Assets on a Shoestring Budget
• Airport Hotel Auction Looms
NET LEASE
• California May Delay Rent Payments• Cronheim Mortgage Arranges $100M Note Purchase
• VIDEO: Under $10M Is the New Black
AROUND THE NATION
Q1 Property Sales Total $9BWASHINGTON, DC-That is a far cry from the $43.4 billion in Q1 2008 and $125.5 billion in Q1 2007.
HEADLINES
• Real Estate Forum: Retail and the Recession
• LSRP Program Gears Up for Implementation
• NetLease Forum:
Shareholders Challenge CVS' Longs Buy



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