<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Detroit Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[CoStar's People of Note (Aug. 29-Sept. 4)
]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=546BCB7F9ED0AF639C13BDAF2D7B496C&ref=1&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Atlanta, Inland Empire, Los Angeles, Milwaukee/Madison, New York City, Orange County and Washington, DC.

ATLANTA
Green Bldg. Expert Joins Grubb's Office Group

Grubb & Ellis Co. appointed...]]></description><author><![CDATA[Laurie Forbes <news@costar.com>]]></author><pubDate><![CDATA[Fri, 03 Sep 2010 02:43:44 GMT]]></pubDate></item><item><title><![CDATA[CoStar's Deals of Note (Aug. 29 - Sept. 4)]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=86EA6F1366ABCA6106BC2DA66755AF7C&ref=1&src=rss]]></link><description><![CDATA[NEW YORK
Boston Properties to Acquire 510 Madison
By Andrew Deichler

Boston Properties said last week that it is acquiring 510 Madison Ave. from oft-troubled New York developer Harry Macklowe. 

The REIT has agreed to a purchase price equal to...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Mon, 30 Aug 2010 01:32:29 GMT]]></pubDate></item><item><title><![CDATA[Muskegon Auto Club Group Bldg. Sells]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=995B38B8B1AA69008839AE0881FA62A5&ref=1&src=rss]]></link><description><![CDATA[Family Financial Credit Union purchased 3575 Henry St. in Muskegon, MI, from Auto Club Group Credit Union for $550,000, or about $62 per square foot. 

The single-story building is on a 1.79-acre parcel. Auto Club Group (AAA) once occupied the building...]]></description><author><![CDATA[Patrick Ashton <news@costar.com>]]></author><pubDate><![CDATA[Thu, 02 Sep 2010 06:28:55 GMT]]></pubDate></item><item><title><![CDATA[O'Reilly Auto Buys 18,000 SF Bldg. in Grand Rapids]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=E4AD596D1C7DA5E214525A14A2696974&ref=1&src=rss]]></link><description><![CDATA[O'Reilly Automotive purchased an 18,000-square-foot retail building at 2825 28th St. SE in Grand Rapids, MI, from Nusbaum Group and Berlin Beneson LLC for $825,000, or about $46 per square foot. 

O'Reilly plans to occupy approximately 9,000 square...]]></description><author><![CDATA[Stephen Basham <news@costar.com>]]></author><pubDate><![CDATA[Thu, 02 Sep 2010 05:13:44 GMT]]></pubDate></item><item><title><![CDATA[Bank Watch: Regulator Says Bankers, Not Bricks, Main Reason Behind Most Bank Failures]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=B929A2A719B07DBFE74D084EF4DD4C73&ref=1&src=rss]]></link><description><![CDATA[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...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 02 Sep 2010 02:12:30 GMT]]></pubDate></item><item><title><![CDATA[Prestige Engineering Buys Clinton Township Facility]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=D0FAB4C11834222AA82B6D81B6EFA64A&ref=1&src=rss]]></link><description><![CDATA[Prestige Engineering, a division of MSX International, acquired a vacant industrial building at 24700 Capital Blvd. in Clinton Township, MI, from Towne Mortgage Co. for nearly $1.48 million, or about $45 per square foot.

The 42,069-square-foot structure...]]></description><author><![CDATA[Nicholle Wright <news@costar.com>]]></author><pubDate><![CDATA[Tue, 31 Aug 2010 06:05:51 GMT]]></pubDate></item><item><title><![CDATA[Lease Down (Aug. 29 - Sept. 4): Northrop Grumman, Aviat Continue to Downsize]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=3FCA6AE204BCDCA4C2AAD44D4AA6D628&ref=1&src=rss]]></link><description><![CDATA[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...]]></description><author><![CDATA[Andrew Deichler <news@costar.com>]]></author><pubDate><![CDATA[Tue, 31 Aug 2010 05:47:33 GMT]]></pubDate></item><item><title><![CDATA[In The Pipeline: CoStar Development and Construction News for Aug. 29 - Sept. 4]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=25E0F0EAC484EBEB3A534354D5ABD489&ref=1&src=rss]]></link><description><![CDATA[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...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Tue, 31 Aug 2010 12:06:08 GMT]]></pubDate></item><item><title><![CDATA[Lease Up (Aug. 29 - Sept. 4): BP Selects Memphis Facility to Store Gulf Cleanup Materials]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=B2227616EB00D3BE244E49FBCDE0029A&ref=1&src=rss]]></link><description><![CDATA[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...]]></description><author><![CDATA[Andrew Deichler <news@costar.com>]]></author><pubDate><![CDATA[Mon, 30 Aug 2010 08:43:17 GMT]]></pubDate></item><item><title><![CDATA[Integrated Mental Health Relocates to Warren]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=2DDFA6C5E81FF57DF79053F362562C64&ref=1&src=rss]]></link><description><![CDATA[Integrated Mental Health & Services leased 5,560 square feet for three years at 30521 Schoenherr Road in Warren, MI. The tenant is a private counseling practice expanding and relocating from its current Eastpointe location.

The 12,000-square-foot building...]]></description><author><![CDATA[Elizabeth  Gosselin <news@costar.com>]]></author><pubDate><![CDATA[Mon, 30 Aug 2010 01:53:16 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (Aug. 22-28)]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=86F718084914E50D36B7723F15F9A0BA&ref=1&src=rss]]></link><description><![CDATA[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...]]></description><author><![CDATA[Laurie Forbes <news@costar.com>]]></author><pubDate><![CDATA[Fri, 27 Aug 2010 02:19:41 GMT]]></pubDate></item><item><title><![CDATA[The Incredible Shrinking GM: $12 Bil. in Real Estate Gone]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=5BBAAD08C9809D575F3F50FEF87770B8&ref=1&src=rss]]></link><description><![CDATA[General Motors Co. may have filed a registration statement to raise $6 billion to $8 billion in a new proposed initial public offering but don't expect the automaker to begin expanding its real estate footprint any time soon; in fact, it could continue...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Thu, 26 Aug 2010 02:14:30 GMT]]></pubDate></item><item><title><![CDATA[CoStar to Release August Repeat Sales Analysis Next Week]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=1D48FFBA833DD200C0737D4F383EDD1D&ref=1&src=rss]]></link><description><![CDATA[Look for the latest findings of the    CoStar Commercial Repeat-Sale Indices (CCRSI) to be released this coming Wednesday, September 1, 2010. 

CoStar developed the    CoStar Commercial Repeat-Sale Indices to provide a comprehensive set of benchmarks...]]></description><author><![CDATA[Tim Trainor <news@costar.com>]]></author><pubDate><![CDATA[Wed, 25 Aug 2010 04:22:26 GMT]]></pubDate></item><item><title><![CDATA[Greene Metal Products Pays $1M for Industrial ]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=48B5B36367238A036C7892EC42BBFED0&ref=1&src=rss]]></link><description><![CDATA[Greene Metal Products, a locally based company, purchased the industrial facility at 24301 Capital Blvd. in Clinton Township, MI, from Sebro Plastics for $1 million, or about $29 per square foot.

The buyer, a metal fabricating company that serves the...]]></description><author><![CDATA[Elizabeth  Gosselin <news@costar.com>]]></author><pubDate><![CDATA[Tue, 24 Aug 2010 02:12:55 GMT]]></pubDate></item><item><title><![CDATA[CoStar's Deals of Note (Aug. 22-28)]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=ED77497F8E7F932CAC354C0DBA17278A&ref=1&src=rss]]></link><description><![CDATA[SOUTH FLORIDA
Sunstone Picks Up Royal Palms Hotel for  $117M
By Heather Sellers

Sunstone Hotel Investors acquired the Royal Palm Hotel at 1545 Collins Ave. in Miami Beach at a foreclosure auction. 

The gross purchase price was $126.1 million,...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Mon, 23 Aug 2010 01:50:14 GMT]]></pubDate></item><item><title><![CDATA[Abercrombie & Fitch Shuttering 110 Stores, GM Shrinks Real Estate Holdings, More Retailer Right-Sizings]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=EAD2426EC22F531AD68F688FBB26E46D&ref=1&src=rss]]></link><description><![CDATA[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,...]]></description><author><![CDATA[Andrew Deichler <news@costar.com>]]></author><pubDate><![CDATA[Wed, 25 Aug 2010 03:21:44 GMT]]></pubDate></item><item><title><![CDATA[In The Pipeline: CoStar Development and Construction News for Aug. 22 - 28]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=E11AFC603299449CFDFFFEEC01FE03F6&ref=1&src=rss]]></link><description><![CDATA[In this week's Pipeline, the Empire State Building failed in its bid to  amend or halt plans by Vornado Realty Trust to build a nearly 1,200-foot skyscraper in the sightlines of the historic building;  a Los Angeles-based fund is providing $22.6 millionto...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Tue, 24 Aug 2010 11:15:57 GMT]]></pubDate></item><item><title><![CDATA[Lease Up (Aug. 22-28): GMHC, WNET Sign Major Manhattan Office Deals]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=BE897BC7E5D2BA4DB98E8A00E795C87D&ref=1&src=rss]]></link><description><![CDATA[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...]]></description><author><![CDATA[Andrew Deichler <news@costar.com>]]></author><pubDate><![CDATA[Mon, 23 Aug 2010 10:15:52 GMT]]></pubDate></item><item><title><![CDATA[Regal Entertainment Buys Trio Portfolio for $29M
]]></title><link><![CDATA[http://www.costar.com/News/Article.aspx?id=5F323D7702A0A7B8E03DF80CD187E6C9&ref=1&src=rss]]></link><description><![CDATA[Regal Entertainment Group acquired three movie theaters in Columbia, MD; Berkeley, CA; and Walled Lake, MI, from Westcore Properties for $29.14 million or $225.33 per square foot.

United Artist occupies all of the locations. 

The assets include...]]></description><author><![CDATA[Melannie Skinner <news@costar.com>]]></author><pubDate><![CDATA[Mon, 23 Aug 2010 05:28:54 GMT]]></pubDate></item></channel></rss>