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Monthly Archives: October 2016

State Farm Sells 2.2 Million-SF Richardson Office Campus to Korean, Texas Investors

A partnership of Transwestern Investment Group and South Korea-based Mirae Asset Global Investments Co., has acquired State Farm Auto Insurance Co.’s new 2.2 million-square-foot office campus in Richardson, TX

The partnership, Corporate Properties Trust I LP, will lease back the four main office and retail towers with connected parking garages located at 1150, 1201 and 1251 State St. and 3661 N. Plano Road to State Farm in the sale transaction…

Sales of ‘Zombie’ Office Buildings Hit 10-Year High

They’re out there. Thousands of them milling about in markets like Detroit, Northern New Jersey, Dallas/Fort Worth, Chicago and Washington DC.

Zombie buildings that is — empty or nearly lifeless office buildings that are still standing, creating dead zones that drain the vitality out of otherwise commercially viable areas. And just like in movies, TV shows and video games, these zombies are being hunted; not by apocalypse survivors but by real…

Sales of ‘Zombie’ Office Buildings Hit 10-Year High

They’re out there. Thousands of them milling about in markets like Detroit, Northern New Jersey, Dallas/Fort Worth, Chicago and Washington DC.

Zombie buildings that is — empty or nearly lifeless office buildings that are still standing, creating dead zones that drain the vitality out of otherwise commercially viable areas. And just like in movies, TV shows and video games, these zombies are being hunted; not by apocalypse survivors but by real…

CoStar’s People of Note (Oct. 28)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: New York City, San Diego, Philadelphia, Boston, Alabama, Washington DC, Houston, Atlanta, South Florida, Los Angeles, Chicago, Orange County, and Phoenix / Tucson.
NEW YORK CITY
Cushman & Wakefield Realigns Top US Leadership Roles
By Randyl Drummer

Cushman & Wakefield Realigns Leadership Roles for Top U.S. Execs

In a major shift at the top of Cushman & Wakefield’s senior leadership, Joe Stettinius will move into the newly created position of chief executive, Americas brokerage and capital markets, while Tod Lickerman will shift from the position of global president to chief executive of the Americas.

Also, Cushman has appointed company veteran John Santora, who has served as global chief operating officer for the last year, to the role of president of…

Cushman & Wakefield Realigns Leadership Roles for Two Top U.S. Execs

In a major shift at the top of Cushman & Wakefield’s senior leadership, Joe Stettinius will move into the newly created position of chief executive, Americas brokerage and capital markets, while Tod Lickerman will shift from the position of global president to chief executive of the Americas.

“We are building on our position of strength, and dedicated to growing in every major market where we operate,” Lickerman said in a statement announcing the…

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