COMMERCIAL REAL ESTATE NEWS

Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement  

After Exclusive Negotiation Period With Potential Investor Elapses, CRE Firm 'Continues to Be Engaged In Discussions With Interested Parties' 

A two-week period of exclusive negotiations between Grubb & Ellis Co. and New York-based financial brokerage BGC Partners expired Tuesday without an agreement, according to a document filed with the U.S. Securities and Exchange Commission.  

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GREEN LEAD | Green Building News from CoStar

A Bi-Weekly Update on Environmentally Sustainable Design, Construction and Maintenance News for Commercial Real Estate (Jan. 16-31) Several Articles.

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Behringer Harvard Appoints New President, CEO of REITs  

Michael O'Hanlon Joins CRE Investment Management Firm as EVP

Behringer Harvard hired Michael J. O'Hanlon as an executive vice president of the firm and as CEO and president of Behringer Harvard Opportunity REITs I and II. He took the place of Robert S. (Bob) Aisner who was tapped as vice chairman of the REITs.  

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Bellagio Completes Room Remodel 

PENTA Building Group Upgrades 2,567 Guest Rooms, Corridors 

The PENTA Building Group, a privately held commercial general contracting firm, headed and completed a room remodel for the renowned, 5-Star Las Vegas hotel, Bellagio. 

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USGBC Lists Top 10 States for LEED Building Certifications 

District of Columbia Tops List of LEED-Certified Projects Per Capita in 2011 

The U.S. Green Building Council (USGBC) released its list of the top ten states with LEED-Certified commercial buildings in 2011 and institutional green buildings per capita based on the 2010 Census.  

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Market Trend: Las Vegas's Retail Vacancy Decreases to 10.9% 

Net Absorption Positive 222,717 SF in the Quarter 

The Las Vegas retail market experienced a slight improvement in market conditions in the fourth quarter 2011.

The vacancy rate went from 11.1% in the previous quarter to 10.9% in the current quarter. Net absorption was positive 222,717 square feet, and vacant sublease space increased by 10,076 square feet.  

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