CoStar's People of Note (May 12 - 18)
This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
Farbman Group Promotes Gutman, Kalil
By Tim Heise
Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of
Posted on 17 May 2013 | 2:02 am
GRH California Sells Hilltop Center Building
GRH California LLC and associated parties sold the 43,965-square-foot retail building at 1659 Hilltop Drive in Redding for $3.575 million.
LEJ Properties LLC purchased the fully occupied property at a price of $71.55 per square foot.
The building was delivered in 1985 and is part of the 120,992-square-foot Hilltop Center, according to Costar information.
Kevin Addato and Michael Horwitz of Capital Pacific represented the seller; while John...
Posted on 14 May 2013 | 7:55 pm
Dollar Tree Sells for $2.4M
Sac-MM Properties LLC purchased the retail building at 1895 Howe Ave. in Sacramento, CA for $2.35 million, or about $182 per square foot.
The 12,928-square-foot building was built in 1980 on 1.3 acres in the Arden/Watt/Howe Retail submarket. It is 100 percent occupied by Dollar Tree on a triple-net lease.
David Herrera of Colliers International represented both the buyer and the seller, Stumbos & Company.
Please reference CoStar COMPS #2735266...
Posted on 13 May 2013 | 7:15 pm
CoStar's People of Note (May 5 - 11)
This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
Diaz Returns to Cushman & Wakefield
By Allison Smith
Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an
Posted on 10 May 2013 | 1:11 am
Facility Closures & Downsizings: Job Cuts Plunge to Four-Month Low, But Not "Picture" Perfect"
Job cuts fell to their lowest level since December 2012, as U.S. employers announced plans to trim payrolls by just 38,121 in April, according to the latest report on downsizing activity from global outplacement consultancy Challenger, Gray & Christmas Inc.
April job cuts were 23% lower than March, when announced layoffs totaled 49,255. They were 6% lower than the 40,559 planned job cuts announced in April 2012. April represents the lowest job...
Posted on 8 May 2013 | 12:17 am
The CoStar Watch List Newsletter for May 9 - May 19
This Week’s Top Stories
Multifamily GSE Lending Reform: Potentially Disruptive and Inherently Valueless
"Borrowers would face higher borrowing costs and more variability in the price and availability of credit, with the greatest adverse impact likely to fall on low- and moderate-income families and renters in underserved markets. Some borrowers could lose access to credit altogether."
Read the Full Story...
Receiver Sets Liquidation Plan...
Posted on 8 May 2013 | 12:16 am