Office | GlobeSt.com

NEW YORK CITY-A JV of two local entrepreneurs has acquired 63-67 W. 38th St. in an all-cash deal from seller Savanna Investment Management.

• VSE Lease Kicks Off Springfield Office Project

• Dover Corp. Moves HQ to Chicago

• View All Office News

FEATURES
Jobs, Loans Loom Large for Office Market LOS ANGELES-Job losses here and in the rest of the US remain one of the biggest obstacles for the office market, and office construction loans promise to produce more problems for banks.	Owners' Earnings Reports Show Some Optimism LOS ANGELES-Despite lots of negative numbers in their financial results, some publicly held real estate companies and REITs find cause for optimism in their quarterly earnings reports.	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

• Final Lease Fills 835,000-SF DC
• Princeton Reacts to Pharma Contractions
• DDR's $400M Success Augurs Well for More TALF CMBS

MULTIFAMILY

• Sunrise Closes $204M Portfolio Sale
• Starwood Moving HQ to Connecticut
• Amelia Island Plantation in Chapter 11

RETAIL

• GGP Likely To Emerge From Bankruptcy This Year
• Dick’s Sporting Goods Maintains Expansion
• SilverLeaf Financial Buys Two Commercial Loans

HOTEL

• Port Forges Ahead at WTC
• Joint Builds: Two Hotels Are Better Than One
• Visiting CityCenter for Free, Virtually

NET LEASE

• GlobeSt.TV: Tenants’ Time Is Now
• Recovery Could Look Like a ‘U’
• Rowley Group and Flagler Team Up

AROUND THE NATION

GGP Likely To Emerge From Bankruptcy This Year
CHICAGO-GGP has reached an agreement with lenders to restructure $8.9 billion of secured mortgage loans, with an average maturity of 6.4 years.

HEADLINES

• Real Estate Forum:
Real Estate 2.0 Is Here...Are You?
• 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

• Morgan Stanley Sheds Crescent Portfolio
• Recovery Could Look Like a ‘U’
• DDR's $400M Success Augurs Well for More TALF CMBS

DEVELOPMENT

• Port Forges Ahead at WTC
• Developer Names CBRE to Lease MOB Project
• Critical Care Building Breaks Ground in Paterson

LEASING

• Advance Realty Inks Two Leases at Picatinny Park
• Starwood Moving HQ to Connecticut
• NOAA Extends Term for 137,000-SF Lease

SALES

• €110M Gemini Sale Is Prague’s Largest
• Values Off 43% From 2007 Peak
• SilverLeaf Financial Buys Two Commercial Loans

COMMUNITY

CTRR's Manley

'Much of the program was fundamentally misguided b/c it was not oriented at the types of activity that allowed jobs to be created.'

CALENDAR OF EVENTS

FEATURED EVENT

RealShare Northern Virginia 2009

December 1, 2009
RealShare 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

FEATURED WEBINAR

Real Estate in Recovery:
What Can Be Done to Prepare for a Turnaround
Presented By: Schulte Roth & Zabel and GlobeSt.com

The troubled real estate market has created a buyers’ market for mortgage loan portfolios, RMBS and CMBS, foreclosed real estate, real estate in corporate turnaround situations, equity and debt of housing-related retailers, and equity, debt and assets of distressed builders. Hear a panel of experts share their insights on market timing and the importance of proactive planning to achieve investment success.
Now Available on Demand until 02/09/2010 Cost: FREE Register Now >

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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: 'The Consumer is Coming Back'

NEW YORK CITY-Rents are flattening out and "the bleeding has stopped," says Faith Hope Consolo, chairman of Prudential Douglas Elliman's retail sales and leasing division.

Millennium Voluntarily Defaults on Four Seasons

SAN FRANCISCO-At least a dozen hotels in California employ the 'default of convenience' strategy, designed to push the loan to a special servicer so the loan can be renegotiated.

ANALYSIS

Landlords Finding New Uses for Big Box

TUCSON, AZ-As the pool of big box retailers continues to shrink, retail owners are finding different and creative uses for the empty space.