Office | GlobeSt.com

McMorgan Hires CBRE To Sell 303 W. Madison

CHICAGO-McMorgan & Co. has brought CB Richard Ellis in to sell the 311,000-square-foot office tower it has owned since 2004.

• FirstService Williams Arranges Medical Condo Buy

• Ballard Spahr’s Real Estate Attorneys Depart

• View All Office News

FEATURES
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.	View the week's top Office stories GlobeSt.WEEK

EXPERT OPINIONS

The Savvy Can Profit

Locating assets to purchase before a bank failure may offer a more efficient trade for buyer and bank alike.

Before the Crisis Hits

Real estate veterans, regardless of sector, know the best strategy is to be prepared and anticipate crisis.

SECTOR WATCH

CBRE Industry Guru To Retire in November
CHICAGO-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 $9B
WASHINGTON, 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

DEAL FOCUS

Office Forecast: Cloudy With Periods Of Rain
ELMWOOD PARK, NJ-Fallout from New Jersey’s ties to the financial markets will weigh on office property performance in 2009, according to a recent report from Marcus & Millichap.

FINANCE

• MBA: Q1 Property Sales Total $9B
• Cassidy & Pinkard Colliers Secures $15M for CBD Offices
• California May Delay Rent Payments

DEVELOPMENT

• Medical Tower Lines Up First Tenants
• T. Rowe Price Buys Expansion Site
• Proposed Research Park in the Works

LEASING

• NAI Hanson Completes Lease Renewal
• Renewing Office Tenants Maintain Leverage
• Sunset Lures Bank of West to Bishop Ranch

SALES

• 250 Montgomery Changing Hands for $200 Per SF
• Source: $72M Takes NoVa Office
• G&E Denver Adds Senior Director, Four Others

COMMUNITY

NorthMarq's Mark Scott

'The anticipation of continued and greater strain will continue to place downward pressure on prices.'

CALENDAR OF EVENTS

FEATURED EVENT

RealShare Multifamily Conference

July 9, 2009
Virtual Conference Series

Post Your Event View 2009Calendar

DIRECTORIES

Marketing & Business Development Guide

Real Estate Forum - February/March 2009

Hotel Services Resource Guide

Real Estate Forum - January 2008

Professional Real Estate Services Resource Guide

Real Estate Forum - December 2008

Movers

Use Allied movers for local, interstate and international relocations.

WEBINAR SPOTLIGHT

LIVE WEBINAR
Distressed Hotels:
How Bad Will it Get?

How bad will financial distress in the hotel industry get before it gets better? Are we seeing just the tip of the iceberg in terms of hotel foreclosures? What can owners do to help their properties survive? Why aren’t we seeing more sales of distressed hotels? Will lenders take back properties or work out loan terms with borrowers? Listen in as our panel of experts gets to the bottom of these crucial questions. Monday, July 6, 2009: 12:30 PM ET Cost: $59
Register Now >

Other Webinars The Economy: Midyear Reality Check | The Next Generation of Student Housing Design & Development: Case Studies from Around the Nation | Job Opportunities in a Turbulent Market | Building Owners at Risk: Surviving Distress | Retail: Is There Hope? | Opportunities in Distressed Assets | View All >

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RESEARCH & ANALYSIS

San Diego Slumps Despite Tech Strength

SAN DIEGO-The county's office market joins others in the country that post higher vacancies and lower absorption, in spite of a biotech sector and other strengths.

BioMed Building Owners Maintain Momentum

CAMBRIDGE, MA-A flurry of leases here and in other centers of biomedical office space keeps the leasing momentum going for companies that specialize in the space.

HOT TOPICS

GlobeSt.TV

VIDEO: Breaking Down the Stimulus Package

LOS ANGELES-Tony Thompson talks with Incisive Media’s John Salustri at the RealShare Real Estate 2009 event earlier this year.

Financial Experts: Obama Is Clearing a Path

NEW YORK CITY-A panel of financial pros assessed the administration's stimulus package and its forward-reaching effects on the stale economy.

Dubai World Sues Troubled MGM Mirage

LAS VEGAS-The investment arm of the government of Dubai sues MGM Mirage, its 50-50 partner in the multi-billion CityCenter development, for breach of contract.