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May 17, 2013
 CoStar's People of Note (May 12 - 18)This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego. DETROIT Farbman Group Promotes Gutman, Kalil By Tim Heise Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of Read More > ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ May 17, 2013 Facility Closures & Downsizings: Livermore Labs Calls for Pre-Emptive Voluntary RetirementsLawrence Livermore National Laboratory will offer a voluntary separation program for up to 600 employees, director Parney Albright announced last week. The SSVSP is being offered as a means to address budget challenges in fiscal year 2014. "Although there remain a number of unknowns about how the budget request for FY14 would flow down to our laboratory, it is clear the budget proposal will face an uphill battle in Congress this summer, with... Read More > ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ May 16, 2013 Investor Spends $1.1M in HaywardA private investor purchased the industrial condominium building at 2171-2189 American Ave. in Hayward, CA from a trust for $1,075,000, or about $80 per square foot, in an all-cash transaction. The 13,520-square-foot building, constructed in 1968 on six-tenths of an acre in Alameda County, has eight drive-in bays and an 18-foot clear height. The facility was 25 percent vacant at the time sale. Jesse Lucas, Ryan Martens and Craig Hagglund... Read More > ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ May 16, 2013 Hayward Industrial Sells for $1.1MAlpha Magnetics, Inc. purchased the industrial building at 23453 Bernhardt St. in Hayward, CA from JRM Real Estate & Investments LLC for $1.11 million, or about $112 per square foot. The buyer will occupy the facility. The 9,898-square-foot warehouse was constructed in 1981 on half an acre in Alameda County. It features two drive-in bays and a 16-foot clear height. The industrial building also has heavy power, mezzanine office and skylights... Read More > ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ May 13, 2013 Market Trend: East Bay/Oakland's Office Rental Rates Flat in Q1 2013There was little change in average quoted asking rental rates for available office space in the East Bay market during the first quarter. The average office rental rate, all classes, was $22.49 per square foot per year at the end of the first quarter 2013 in the East Bay/Oakland market area. This represented a 0.4% decrease in quoted rental rates from the end of the fourth quarter 2012, when rents were reported at $22.59 per square foot. The average... Read More > ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ May 10, 2013 CoStar's People of Note (May 5 - 11)This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis. LOS ANGELES Diaz Returns to Cushman & Wakefield By Allison Smith Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an Read More > ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
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