Friday, December 7, 2012

CoStar's People of Note (Dec. 2-8)

National Commercial Real Estate News From CoStar Group

CoStar's People of Note (Dec. 2-8)

This week's People of Note includes the following markets: Denver Hampton Roads, National, Milwaukee/Madison and Richmond.

Avison Young Opens Office in Denver
By CoStar Research

Toronto-based Avison Young continued its U.S. expansion with the opening of an office in Denver, CO, its 21st market outside of Canada. The new AY office will be staffed by former members of two Denver-based firms: iCG Denver LLC, known as iCORE Global, and...

Pearlmark Sells Houston's 1800 W. Loop Bldg. for $68.5 Million

Pearlmark Real Estate Partners sold the 1800 West Loop Building in Houston for approximately $68.5 million or $168 per square foot.

KBS Strategic Opportunity REIT purchased the Class A asset with funds from an initial public offering, but said it may later place mortgage debt on the property.

Built in 1982 and renovated in 2005, the 21-story, 406,634-square-foot office building is in the Galleria/Uptown submarket. It was 88 percent occupied...

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