National Commercial Real Estate News From CoStar Group
Nation's Leader Decided, It Was Time To Look Forward
As the nation re-elected President Barack Obama and decided to stay the course on the steady - albeit slow -- economic recovery, CoStar Group News readers also decided it was time to take a quick look back but then to begin to look at where the industry is headed.
Half of the 10 most read stories in November looked ahead to where the CRE markets were going.
There was one unexplainable story in the mix - that being an article from a year ago...
Cole Pays $120M for Encana Oil's Regional HQ
Cole Real Estate Investments acquired a 318,600-square-foot, 12-story, Class A office building in Plano, TX, from Encana Oil & Gas for $120 million.
The tower is part of Legacy Business Park and was completed this year. It includes a seven-story parking structure attached by a sky bridge. The property is 100 percent leased to Encana Oil as its regional corporate office with approximately 15 years remaining on the net lease with multiple renewal...