In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. ACC Begins Student Housing Project at Drexel University American...

This week's People of Note includes the following markets: Chicago, Dallas/Fort Worth, Los Angeles, Milwaukee/Madison, New York City, Philadelphia, Pittsburgh, South Florida, Washington, DC. LOS ANGELES Cockrum Joins Lowe Enterprises Investors as SVP By Laurie Forbes Lowe Enterprises Investors hired William M. Cockrum IV as senior vice president to head the company’s marketing and capital raising efforts. He will be based in th

GREEN LEAD is a column on environmental and sustainable design and construction, best practices for green building maintenance and operations, economic impact on developers and owners, new LEED and Energy Star building certifications, and trends in the Green Building movement. Send in your Green News Leads to news@costar.com Latest Research on Green Real Estate Now Available

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. Under the previous agreement, Grubb & Ellis provided an exclusive right to negotiate for BGC Partners, headed by chief executive Howard Ludnick, to pursue a debt or equity financing agreement or acquisition of...

Regulators took over four banks in the past week, including the $1.2 billion-sized Tennessee Commerce Bank of Franklin, TN, one other Tennessee bank and one each in Florida and Minnesota. Republic Bank & Trust Co. (RB&T) in Louisville, KY, acquired Tennessee Commerce Bank from the Federal Deposit Insurance Corporation ("FDIC"). In addition to assuming approximately $1 billion of the deposits of TCB (both insured and uninsured), RB&T purchased...

Epiphone, a subsidiary of guitar giant Gibson, leased 83,800 square feet in the AmeriPlex at Elm Hill industrial facility located at 1510 Elm Hill Pike in Nashville, TN. The 135,800-square-foot industrial building was built in 2011. Built out to LEED standards, the building struck a chord with the guitar manufacturer, which identified sustainability to be an important factor in choosing this location. Ronnie Wenzler of Cassidy Turley represented...

Publix Super Markets, Inc. purchased two retail buildings from Paul Hanna Management, Inc. for $7.64 million, or approximately $95 per square foot. The deal totals 80,364 square feet of retail space at 1021 - 1031 Center Point Pl. and 1017 Riverside Dr. in Franklin, TN. The two properties were constructed in the year 2000 and 2001 respectively. Each party in the direct sale used in-house representation. Please see CoStar COMPS #2242503...

National Retail Properties acquired 2622 Music Valley Drive in Nashville, TN from Camping World, Inc. for $2.16 million, or about $63 per square foot. The 34,478-square-foot retail building was built in 1985 in the Donelson-Hermitage Retail submarket of Davidson County. Both parties utilized in-house representation. Please refer to CoStar COMPS #2235257 for more information on this transaction.

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Trammell Crow, Principal Launch $1B Development Program Principal...

The Nashville retail market experienced a slight improvement in market conditions in the fourth quarter 2011. The vacancy rate went from 7.4% in the previous quarter to 7.1% in the current quarter. Net absorption was positive 287,130 square feet. Tenants moving into large blocks of space in 2011 include: Nordstroms moving into 149,000 square feet at the Mall at Green Hills; Regal Cinemas moving into 100,056 square feet at Opry Mills; and...

This week's People of Note includes the following markets: Dallas, Denver, National, New York City, Orange County, San Francisco and Washington, DC. DALLAS, NATIONAL Behringer Harvard Appoints New President, CEO of REITs By Laurie Forbes 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

This is it! Don't miss out on this opportunity to have your 2011 professional accomplishments recognized by making sure you get credit for the leases and sales you closed in 2011 and you may qualify for the CoStar Power Broker Awards! The deadline to submit your transactions is next Wednesday, February 1, 2012. As the leading industry award recognizing the "best of the best" in commercial real estate brokerage, the CoStar Power Broker Awards...

Bluerock Real Estate purchased the Turtle Creek Apartments at 121 Hickory Trace Dr. in Nashville, TN from Palatine Capital Partners for $14.7 million, or about $46,000 per unit. The 320-unit, 306,090-square-foot multifamily complex is located in the Airport South submarket of Davidson County. There were no brokers involved in the direct sale. Please refer to CoStar COMPS #2235975 for more information on this transaction.

Belew Rentals purchased The Clairmont multifamily community at 1019 Patricia Dr. in Nashville, Tennessee from TriMont Real Estate Advisors, Inc. for $2.8 million, or about $12,000 per unit. The 233-unit apartment complex was built in 1967 on 14.9 acres in the Airport South submarket, and was just 30 percent leased at the time of the sale. It is comprised of two-bedroom apartments that rent from $500 to $625 per month. Dennis Harris and William...

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. O'Hanlon has more than three decades of industry experience with a background in asset management, corporate and loan restructuring and capital markets. He formerly served on the board of BH REIT II...

In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Follow me on Twitter for live news updates. CA Firm Named Hudson...

This week's People of Note includes the following markets: Boston, Houston, New York City and Sacramento. HOUSTON Avison Young Recruits Jeane as Principal By Laurie Forbes Office market leader Lee Jeane joined Avison Young's Houston team. As a principal, he will spearhead the launch of AY’s agency leasing and management platform in the region. His focus will be investors looking to purchase and operate office properties in Houston and throu

New York-based Spirit Investment Partners LLC has joined California-based The Bascom Group LLC in the formation of a new joint venture to focus primarily on value-add multifamily acquisitions in the eastern half of the United States. Sprint Bascom Ventures LLC will combine Sprint's existing multifamily platform with Bascom's 16 years of operational experience and an existing portfolio of nearly 26,000 units. With Bascom as a capital partner, Sprint...

The CoStar National Composite Index of commercial real estate pricing rose for the seventh straight month since last spring as investment-grade sales made solid pricing gains in November 2011, and the level of distressed sale transactions continued to decline during the month. The composite index rose 0.6% in November from the previous month, with prices now an average 1.8% higher compared to the same period a year ago, according to this month...

Laser Therapy Products LLC acquired the Dixie Building at 1185 W. Main St. in Franklin, TN from Matthew B. & Julie A. Spencer for $1.55 million, or approximately $208 per square foot. The two-story, 7,435-square-foot office building was built in 2008 in the Cool Springs submarket of Williamson County. Bonnie Gallo of Westgate Commercial represented the seller. Kelly Gammer of Gammer Real Estate Services represented the buyer. Please refer...