BOSTON – Property and Portfolio Research (PPR), a provider of research advisory services, announced recently that it has been acquired by CoStar Group Inc., the leading provider of information/marketing services to the commercial real estate industry.
The transaction combines the largest commercial real estate database and data collection team with the industry’s best analytical team with a view toward developing new insights, products, and tools for firms in the commercial real estate market.
IRVINE, Calif. – RealtyTrac, an online marketplace for foreclosure properties, released its Midyear 2009 U.S. Foreclosure Market Report, which shows a total of 1,905,723 foreclosure filings – default notices, auction sale notices and bank repossessions – were reported on 1,528,364 U.S. properties in the first six months of 2009, a 9% increase in total properties from the previous six months and a nearly 15% increase in total properties from the first six months of 2008.
HERNDON, Va. – NAIOP, the Commercial Real Estate Development Association, recently announced that Highwoods Properties has been selected as the 2009 Developer of the Year.
Highwoods Properties is a publicly-held, fully-integrated self-administered real estate investment trust (REIT) founded in 1978 in Raleigh to develop, lease and manage its inaugural 122-acre Highwoods Office Center. In June 1994, the company began trading on the New York Stock Exchange under “HIW.”
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ORLANDO – RaceTrac Petroleum Inc. continues its aggressive growth plans by launching a sale-leaseback program on a select portion of its retail fueling station/convenience store portfolio. RaceTrac has engaged CBRE as its exclusive capital markets advisor for this initiative.
In 2008, RaceTrac generated in excess of $7.5 billion in annual revenues through the operation of more than 530 retail gasoline convenience stores in 12 Southeastern states.
Deion Sanders, a Fort Myers native and retired NFL player, unloaded three buses of 58 kids ages 9 to 12 and numerous coaches and parents at about 10:30 a.m. in the Fleischmann parking lot. The players are members of Sanders’ Truth Select football teams that traveled all the way from Dallas for two games against the Naples Gators.
Although states are spending federal stimulus money on other projects instead of fixing unsafe bridges, the plan to expand Marco Island’s Judge S.S. Jolley Bridge is still on track to receive money.
The House raced Friday to pass legislation pouring an additional $2 billion into the popular — but financially strapped — “cash for clunkers” car purchase program.
