March 1, 2012
Costar… Macys.com, the e-commerce business for mega retailer Macy’s Inc., leased 242,573 square feet at the 14-story mid-rise at 680 Folsom St. in San Francisco. The online operation will occupy seven floors of the 476,000-square-foot, Class A office building in the South of Market district. The 15-year lease term has a January 2014 move-in date. The technology division will relocate from several local properties including 685 Market St., a 219,831-square… Continue reading here: Macys.com Leases 242,573 SF in San Francisco Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net
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March 1, 2012
Costar… Less than one month after Forest City Enterprises announced it will reposition or divest its land holdings and refocus on apartments, office and retail developments in its core markets, Cousins Properties Inc., said it too plans to drop land from its mix of assets — and will take a $126 million charge to do so. The Atlanta-based REIT’s commercial land holdings include 475 acres, with 326 acres in Georgia, 66 in Texas, 56 in Florida and smaller… Read more from the original source: Cousins Becomes Second Major Firm To Drop Land Development Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net
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