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The CoStar Commercial Repeat-Sale Indices (CCRSI), produced by CoStar Group, found that investment-grade property continued to decline in value for the second straight month in July.

Properties of sufficient quality and size for inclusion in large…

Full article: CoStar Repeat Sale Indices: Distress Contributing to a ‘Shaky Bottom’ for CRE Sales, Pricing ...

Northrop Grumman Corp.’s decision in July to relocate its corporate headquarters from Los Angeles to a 14-story, 334,385-square-foot building it acquired in Falls Church, VA, was a huge economic development victory for Fairfax County and the state of…

Full article: Tenants, Landlords Could Face Dramatic Changes from New Lease Accounting Rules ...

Don’t blame the current wave of bank failures on commercial real estate; much of the blame belongs to bad bankers.

While it is clear that commercial real estate and construction and land development loans have figured in most every bank failure in…

Full article: Bank Watch: Regulator Says Bankers, Not Bricks, Main Reason Behind Most Bank Failures ...

The summer has brought little relief to metro areas experiencing the most distress on loans held in the commercial mortgage-backed securities (CMBS) universe. However, two markets have seen a noted improvement in their respective levels of CMBS loan distress…

Full article: Latest CMBS Data Show More Secondary Markets Doing Better Than Some Larger Markets ...

Deloitte finalized its 15-year, 166,435-square-foot lease with Tishman Speyer at 555 Mission St. in San Francisco. The major international accounting and consulting firm will occupy nine full floors (four through seven and 10-15) with a move in date scheduled…

Full article: Deloitte Leases 166,435 SF in San Francisco ...

In this week’s Pipeline, Forest City Enterprises will privatize and build family housing at four military bases in South Carolina, Tennessee and Mississippi; in Rockville, MD, business and government leaders will officially kick off a $200 million expansion…

Full article: In The Pipeline: CoStar Development and Construction News for Aug. 29 - Sept. 4 ...

CoStar compiles news of consolidations, closures, layoffs and lease cancellations in the weekly Lease Down news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on corporate expansions…

Full article: Lease Down (Aug. 29 - Sept. 4): Northrop Grumman, Aviat Continue to Downsize ...

CoStar compiles news of corporate expansions, relocations and lease extensions in the weekly Lease Up news report, a concise read keeping you updated on major corporate moves affecting commercial real estate. For news on consolidatations and lease…

Full article: Lease Up (Aug. 29 - Sept. 4): BP Selects Memphis Facility to Store Gulf Cleanup Materials ...

This week’s People of Note includes the following markets: Atlanta, Denver, Hartford, New York City, Northern New Jersey, Retail, South Florida and Washington, DC.

ATLANTA
Brown Joins Cortland as Chief Acquisitions Officer

Cortland Partners recruited…

Full article: CoStar’s People of Note (Aug. 22-28) ...

Cornerstone Real Estate Advisers LLC and Kettler sold the Metropolitan at Pentagon City, a 325-unit multifamily complex at 901 S. 15th St. in Arlington, VA, to Invesco for $125 million. Invesco paid $111.7 million, or about $343,700 per unit, for the…

Full article: Cornerstone, Kettler Sell Pentagon City Multifamily for $125M ...

Since the start of 2009, buyers and sellers have transacted about $16.5 billion in distressed commercial real estate sales. Certainly more are expected to follow. Banks and CMBS special servicers are currently dealing with nearly $290 billion in distressed…

Full article: Eight Takeaways on the Current State of Distress Opportunities ...

The Federal Deposit Insurance Corp. (FDIC) lined up five buyers for seven newly closed banks this past week. Together the seven failed banks reported distressed commercial real estates of nearly $548 million combined.

Summary of the seven banks deals…

Full article: Bank Watch: Regulators Close Seven Banks with $4.4 Bil. in Assets ...

Baltimore Ravens star linebacker and likely Hall-of-Famer Ray Lewis has drafted a new team, RL52 Realty, a full service commercial real estate advisory firm. While the firm will help advise clients on decisions affecting all property types, the official…

Full article: This Week in Retail: NFL’s Ray Lewis Looks To Be ‘All Business’ Off the Field Too ...

The debate over tax cuts enacted in 2001 is expected to heat up when the U.S. Senate reconvenes in September after its summer recess. The maximum tax rate on capital gains and dividends will revert from the current 15%, a 70-year low, back to 20% on Jan…

Full article: Speculation Rising Over Impact of Expiring Capital Gains Tax Cuts on CRE Sales ...

STG, a contractor that provides IT services to the U.S. government, signed a 10-year office lease for 111,896 square feet at 12011 Sunset Hills Road in Reston, VA.

The 12-story property totals 321,394 square feet in One Reston Overlook in the Reston…

Full article: STG Leases 111,900 SF at Reston Town Center ...