realestate news Cousins posts $142M loss for 2009 Impairment charges totaling more than $140 million helped put Cousins Properties Inc. in the red for 2009. (CUZ)   bizjournals.com   2010-02-09 Money pit: When a cheap foreclosure costs much more Dusan Tatomirovic found a steal when he bought a foreclosed condo just north of Monterey, Calif., last April for $130,000.   rss.cnn.com   2010-02-08 Home Builders See Daylight Fewer write-downs and cancellations along with improved order rates are putting some lift into the depressed home construction market.   online.wsj.com   2010-02-08 Mortgage Bankers Sell Building at a Loss The Mortgage Bankers Association sold its 10-story headquarters building in Washington, D.C., for $41.3 million, well below the $79 million it paid in 2007.   online.wsj.com   2010-02-08 Connecticut, Starwood Hit Bump Connecticut pulled off a coup when Starwood Hotels agreed to relocate its headquarters there. But now there are questions being raised over how the state sealed the deal.   online.wsj.com   2010-02-08 Nana: Hotels built in the ’70s are tough sells Natvar Nana started his own real estate brokerage in South Africa in 1987, specializing in property sales, land development, and commercial and residential construction.   bizjournals.com   2010-02-08 David Maus debuting new dealership David Maus Automotive Group will break ground this month on a new dealership — its fifth in Central Florida and its first brand with General Motors Co.   bizjournals.com   2010-02-08 Brokers anticipate uptick as commercial woes mount It takes a perfect storm to trigger the wave of foreclosures, receiverships and bankruptcies that washed across some of Portland’s most prominent offices in recent months.   bizjournals.com   2010-02-08 Lawmakers target real estate taxes The state Legislature has turned to the real estate industry in its search for additional revenue, proposing to levy a special 1 percent general excise tax on businesses that sell real property.   bizjournals.com   2010-02-08 Tom Sineni ‘left a legacy all of us should shoot for’ One of the first things that struck Charles T. Barrett about Tom Sineni was his last name. “It was so unusual,” says Barrett, who had known Sineni for more than 30 years — in the days before Barrett was president of Barrett Holdings Inc., and a leading retailer of luxury cars like Ferraris and Jaguars.   bizjournals.com   2010-02-08 Radical transformation: Changes at Fort Knox are in full swing this year and next This year, Fort Knox will take what some on base are calling the “big inhale.”   bizjournals.com   2010-02-08 Joseph keeps building the family business There’s a black-and-white picture of a smiling grandpa George Bockl looking over Robert Joseph’s right shoulder at Joseph’s 3rd Ward office.   bizjournals.com   2010-02-08 Astronautics considers New Jersey for headquarters site Eighteen months after Astronautics Corp. of America disclosed it was seeking a new headquarters location, the Milwaukee avionics manufacturer still is analyzing its options, including a possible move to New Jersey.   bizjournals.com   2010-02-08 San Jose interior designer’s fast turnaround lands her, brokers business When commercial real estate brokers call Marci Iverson to create a floor plan for a tenant considering a move, the interior designer knows speed is of the utmost importance.   bizjournals.com   2010-02-08 Brand Properties goes ‘green’ with new building The sustainable building trend is expanding into the metro Alanta suburbs with the addition of Gwinnett County’s new One Sugarloaf Centre — a four-story office building that includes energy-efficient and water-conserving features.   bizjournals.com   2010-02-08 Foothill-De Anza shells out $110M in major construction work Publicly funded projects should continue to be the main source of action for Silicon Valley construction contractors in 2010.   bizjournals.com   2010-02-08 Trends force architects to rethink business It is a widely known fact that the architecture profession has been reeling since the collapse of financial markets in late 2008.   bizjournals.com   2010-02-08 Eric Hehman, CEO, Austin Asset Management Co. Eric Hehman, an Austin native, joined Austin Asset Management Co. as an intern during his senior year at the University of Texas. He joined the firm full time in 1997, after graduating from UT’s Business Economics Program. He became an owner and partner in 1999 after becoming a certified financial planner. He went on the be the company’s chief operations officer for nearly seven years before becoming its CEO in June 2007.   bizjournals.com   2010-02-08 Market continues to provide tenant opportunities As Atlanta’s commercial real estate market continues to falter, landlords are continuing to beef up concessions packages, including offering periods of free rent, to keep tenants.   bizjournals.com   2010-02-08 Options exist for buyers of distressed property The flood of distressed commercial real estate transactions predicted to occur in 2009 did not come to pass.   bizjournals.com   2010-02-08 Sustainability will define commercial buildings Dan Gerding is the managing principal of Gerding Collaborative, an Atlanta-based architecture, interior design and sustainability consulting firm that he founded in 1993. The firm utilizes integrated design to optimize the economic, environmental and humanistic aspects of its projects. Gerding has been a LEED-Accredited Professional since 2002, and is a director of the Atlanta chapter of the American Institute of Architects.   bizjournals.com   2010-02-08 2009 FFO total $63M at Medical Properties Trust Medical Properties Trust reported a nearly $10 million drop in funds from operations in 2009 compared to the previous year. (MPW)   bizjournals.com   2010-02-08 Green building to grow despite ordinance delay While an effort to mandate green building standards for commercial structures in Atlanta has failed for now, ongoing building-code evolution and development trends stand to make these standards a growing part of constructing buildings.   bizjournals.com   2010-02-08 Developers top unpaid tax rolls in Mecklenburg County Thousands of property owners in Mecklenburg County owe a total of more than $70 million in unpaid taxes, according to a <em>Charlotte Business Journal</em> review of delinquent bills.   bizjournals.com   2010-02-08 Distributor Eagle Fence picks Fultondale's former 84 Lumber site for operations center Eagle Fence Distributing LLC has purchased a site in Fultondale with plans to move its operations from Warrior, Ala., and expand its distribution and manufacturing base.   bizjournals.com   2010-02-08 Rejuvenated Colonial Properties boosts exec incentives Colonial Properties Trust executives are set to receive more than $2 million combined in incentive payments for their work in 2009 – efforts that raised $150 million in new capital and eliminated $231 million in near-term debt during the height of the recession. (CLP)   bizjournals.com   2010-02-08 Special districts spur Gwinnett redevelopment Community leaders in Gwinnett County are ramping up their efforts to redevelop aging areas of this traditionally suburban county by targeting areas for infill development and creating an instrument for financing improvements.   bizjournals.com   2010-02-08

realestate news $8M+ medical office building to break ground in Blaine soon MSP Commercial will break ground next month on a 33,000-square-foot medical office building in Blaine that’s 87 percent leased.   bizjournals.com   2010-02-08 Giant Eagle debuting discount chain Giant Eagle Inc. is bringing its Valu King discount grocery stores to Central Ohio.   bizjournals.com   2010-02-08 What building sectors will be strongest this year? <strong>Gerry Bird – Chairman, Bird Houk Collaborative</strong>   bizjournals.com   2010-02-08 Faison hands south Charlotte office-park building back to lender Faison Enterprises Inc. has exited one of its Forest Park office buildings, with its former investment partner taking ownership of the property.   bizjournals.com   2010-02-08 Subcontractors eye more changes to operations to weather economy Rob Vajda knows from his dealings with subcontractors that 2010 could end up being just as tough as last year.   bizjournals.com   2010-02-08 Historic Haman House falls victim to bankruptcy A century-old house at the center of community events, family celebrations and political fundraisers in downtown Roseville has become the latest property for sale in one of the largest-ever bankruptcy cases in the Sacramento region.   bizjournals.com   2010-02-08 Contractors sue for work on Baltimore's new Holiday Inn Express One of Baltimore’s newest hotels is caught in the crossfire between its developer and contractors.   bizjournals.com   2010-02-08 Library Square plan dies with Patterson Park group The bankrupt Patterson Park Community Development Corp. has abandoned its $6.5 million Library Square project in East Baltimore, leaving residents and business owners drawn to the area for its promise to fend for themselves.   bizjournals.com   2010-02-08 Kane Construction lands two contracts at Johns Hopkins Bayview campus Kane Construction Inc. has been awarded two contracts to fit out a new medical office building at the Johns Hopkins Bayview Medical Center, a 100,000-squuare-foot building slated to open in the spring.   bizjournals.com   2010-02-08 Barton-Cotton’s comeback continues Barton-Cotton is making the most of its second life.   bizjournals.com   2010-02-08 Brokers see more industrial leasing activity, but most deals are from within the market North Texas’ tumbling industrial real estate market ended last year with signs of stabilization, and the number of tenants in the market for warehouse and distribution center space is growing, industrial brokers say.   bizjournals.com   2010-02-08 Jacksonville commercial real estate heading back to school The Jacksonville Kennel Club, once a haven for greyhound gamblers, is going to be transformed into a school to mold young minds. (CBG)   bizjournals.com   2010-02-08 Charlotte-area projects tap recovery bonds Communities in the Charlotte region are tapping into recovery bonds to finance projects ranging from manufacturing facilities to a community college building.   bizjournals.com   2010-02-08 Yelp expands lease at historic 706 Mission St. Here is one building sure to get a great review on Yelp: 706 Mission St.   bizjournals.com   2010-02-08 Use of state historic tax credits drops 38 percent Home remodeler Troy Duncan tapped into Missouri’s historic tax credit program for the first time last year but came away with disappointing results.   bizjournals.com   2010-02-08 KBS buying Pierre Laclede Center KBS Capital Markets Group is buying Clayton’s largest office property, the Pierre Laclede Center, for an estimated $75 million.   bizjournals.com   2010-02-08 Stag Commercial banks on office, retail for Commerce branch A Shawnee developer plans to buy and redevelop the historic bank building at Johnson Drive and Nieman Road.   bizjournals.com   2010-02-08 GVA Oxford reducing its number of leasing professionals As it starts off 2010 under new leadership and with the expectation of a lean year to come, Oxford Development Co. is reducing its staff of leasing professionals within its GVA Oxford division from 12 to eight.   bizjournals.com   2010-02-08 San Leandro moves on transit-linked projects San Leandro is beginning to see its transit-oriented dreams come true.   bizjournals.com   2010-02-08 Developers scale down plans for Missouri Innovation Park Developers of Missouri Innovation Park in Blue Springs have slashed the project size by nearly a third.   bizjournals.com   2010-02-08 Kansas development officials land Central Bag Co. Leaders of Central Bag Co., a Kansas City firm since its 1929 founding, had no intention of moving to Kansas when they started weighing expansion options two years ago.   bizjournals.com   2010-02-08 Burns & Scalo to build Downtown high-rise on Smithfield St. Jim Scalo wants to develop Pittsburgh’s next high-rise tower on a Smithfield Street riverfront plot.   bizjournals.com   2010-02-08 One City Centre now in Hastie’s hands One City Centre office building and the empty Arcade, were sold through foreclosure this week. Stacy Hastie, CEO of environmental remediation firm Environmental Operations Inc., took ownership of both buildings in a public auction held in the lobby of the Civil Courts building Feb. 3.   bizjournals.com   2010-02-08