Bankrupt Seattle developer Michael R. Mastro Sr. has agreed to refrain from violating state securities laws under a consent order with the Washington state Department of Financial Institutions, the agency said Monday in a press release.

Fairwood Capital LLC has acquired the 144-room Hampton Inn & Suites Memphis Beale Street from Peabody Place Hotel Co., which will continue to manage the property. The sale was finalized Jan. 8, said Todd Solmson, a principal with Fairwood.

Although the Corbin Park regional mall project in Overland Park is in bankruptcy, an apartment community just south of it is going gangbusters.

Real estate appraisal and consulting firm Taylor Pope & Herring Inc. announced Monday that has relocated to downtown Greensboro.

Peak 10 Inc. will add a second data center to its Atlanta campus in an effort to keep pace with demand.

After two years playing the real estate field, Strip District-based accounting firm Schneider Downs & Co. Inc. has decided to stay put in its current building, at least for the foreseeable future, said President and CEO Ray Buehler.

Thomas Coghill Jr. has been sentenced to 30 months in federal prison on one count of obstruction of justice relating to real estate deals he was allegedly involved with in the Jacksonville area while awaiting sentencing on wire and bank fraud charges in Virginia.

Gordon Food Service paid $31.5 million, or about $31 per square foot, for Albertsons? million-square-foot distribution center in Plant City, Hillsborough County records show.

Genentech Inc. will build a third office building on its South San Francisco campus.

Federal Reserve Bank of Atlanta President and Chief Executive Officer Dennis P. Lockhart told the Rotary Club of Atlanta on Monday that the economy ?is on the mend, but it?s not free of drags or risk.?

The proposed redevelopment of two prominent downtown Buffalo projects received major boosts, but in the case of one of the projects, it may not be enough.

The Birmingham City Council will vote Tuesday on incentives to bring a new Sav-A-Lot grocery store to a neighborhood shopping center west of downtown.

The United Way of Greater Cincinnati (UWGC) is renovating its 2400 Reading Road headquarters.

Louisville Real Estate Group, a networking group for real estate industry professionals, will hold a breakfast panel discussion on Thursday, Jan. 21, for all candidates registered to run for Louisville Metro mayor.

Tishman Construction Corp. of D.C. and AECOM Technology Corp. has won a $16 million contract to provide construction-management services for the first phase of the Department of Homeland Security headquarters at St. Elizabeths Hospital in Southeast D.C.

More than 800 staff members moved 169 patients to the new All Children?s Hospital.

Almost a quarter of construction workers and more than a quarter of teen-agers are unemployed nationwide.

A longtime leader in the General Assembly is forming an overseas real estate development and consulting firm.

Edward H. Linde, a co-founder of Boston Properties (NYSE: BXP), died of complications of pneumonia, the company announced Sunday. (BXP)

Buddy Barnett
Principal
Barnett Naylor, Inc.

The acquisition of a 222,600-square-foot Miramar office complex slid across the closing table just in time to become the second-largest office sale of 2009.

Miami Lakes-based Graham Cos. signed a pair of mortgages totaling $57 million in late December to refinance its existing commercial properties in northern Miami-Dade County.

Comet Delivery Services leased 36,000 square feet of warehouse space at Beacon Centre in Doral last month. The five-year lease, at 8501 N.W. 17th St., Suite 102, will give Comet an additional 6,000 square feet to operate its warehousing and delivery business, President Steven Seltzer said. Comet previously operated three separate warehouses totaling about 30,000 square feet in western Miami-Dade County ? but that made business challenging, he said. ?It was very inefficient, so we saw an opportunity to consolidate under one roof,? Seltzer said. He declined to say how the rent compares to the old location, but noted lease has a five-year renewal option. George Pino and Jason Tresslar of Flagler Real Estate Services represented the landlord, an affiliate of AMB Property Corp. Frank Trelles and Hector Cataño of WestVest Associates represented Comet. Pino said Beacon Centre offers warehousing and delivery companies easy access to Miami International Airport, as well as Florida?s Turnpike and other major roads. Beacon Centre now stands about 95 percent occupied, up from 91 percent at the same time last year, Pino said. With commercial tenants looking to take advantage of lower rental rates, Flagler?s pipeline is busier than a year ago, Pino said. The market is particularly active for tenants looking for 30,000 square feet or less, he noted.

CocoWalk in $98M foreclosure The CocoWalk entertainment complex has been hit with a $97.6 million foreclosure lawsuit.

Tightened lending standards and lower demand have changed the face of the construction industry, from new project initiations to employment.

The health care sector of the U.S. economy tends to be recession-resistant, but not necessarily recession-proof.

Investors in the stock market just came through the worst performance in decades, but a handful of Memphis-based public companies held up quite well.

Hathaway Dinwiddie Construction Co. has scored what promises to be one of the largest construction management projects of 2010 in San Francisco.

U.S. Bancorp is investing in improvements to One Commerce Square as part of its strategy to lure new tenants to the 475,082-square-foot Downtown property, which currently is 47% occupied.

Tens of millions of dollars of new foreign investment could flow into Colorado if a Greenwood Village financial investment firm gets Colorado recognized as a federal EB-5 regional program center.

In less than a year, the old school building at 257 Lafayette Ave. that Karl Frizlen bought was transformed into a mixed-use facility.

When lawyers convene Jan. 12 in front of U.S. Bankruptcy Court Judge Carl Bucki, the fate of Statler Towers should become clear.

A group of developers, landowners and residents have joined forces to combat zoning law changes in Malta that they fear would jeopardize construction and hurt businesses.

GlobalFoundries is searching for software designers, engineers, a human resources manager and a security chief.

Even by the outsized risk-and-reward standards of the commercial real estate sector, Thomas P. D?Arcy has taken on a big bet. (CBE)

Veteran developer Tibor Hollo is considering going from two high-rise towers to one with his plan to build the tallest building in Miami, but he says he isn?t reducing much else on the project.

In 2010, developers of buildings like the new Banco Santander tower will need to get creative to build taller and more dense projects under Miami?s still-pending zoning code, Miami 21.

Health-Chem Diagnostics is expanding its Pompano Beach headquarters and building a $33 million manufacturing center near Port St. Lucie.

Colliers International and FirstService Real Estate Advisors are uniting their operations and global real estate services platforms. (FSRV)

It?s been a long time coming at Long Cove Pointe, but developer Tim Hensley thinks he finally has his mixed-use project unstuck at the intersection of Wilkins Boulevard and Irwin Simpson Road.

RALEIGH ? Triangle banks continued to struggle with ridding themselves of problem commercial real estate loans through the end of 2009, but the delinquencies ? for now ? are at manageable levels.

RALEIGH ? The city of Raleigh has moved a step closer to spreading its solid waste and vehicle street services away from the city core.

RALEIGH ? Executives at Carillon Assisted Living of Raleigh have focused their attention over the past few years on growing their business in just about every part of North Carolina ? except the Triangle.

A group of local investors has purchased a Kettering office building and will invest roughly $500,000 to recondition the property.

Grubb & Ellis/BRE Commercial LLC in Phoenix will become part of a new national brokerage brand named Cassidy Turley.

The University of Arizona paid $9.85 million for 2.6 acres across the street from the Phoenix Biomedical Campus, where it already is planning more than $300 million in expansion projects.

A San Francisco-based software company could relocate its headquarters to Atlanta, lured by the region?s lower costs, a globally connected airport and deep talent pool.

A Center City office tower has sold for nearly $40 million less than what it was bought for roughly seven years ago.

The challenging financial times are taking a toll on the city?s commercial property owners.

The Phoenix metro area lost 28,900 construction jobs between November 2008 and November 2009 ? the most of any U.S. metro area.

Two veteran Atlanta commercial real estate brokers have merged their firms to create a new company ? and potentially fill a void.

A newly opened $1.8 million addition will help Vienna Village, a Pfafftown assisted living community, bring in more resident revenue and prepare to house the region?s aging population.

It?s always good to start the new year looking on the bright side. But that is tough for many people in commercial real estate, with vacancies high and hiring slow. Christopher Roth, Northeastern operations president for Trammell Crow, a CB Richard Ellis Inc. company, says 2010 will be difficult for many but will also offer opportunities for companies with capital for acquisitions.

In the wake of Northrop Grumman Corp.?s Jan. 4 announcement that it will move its headquarters from Los Angeles to the Washington area by 2011, local jurisdictions are scrambling to determine what kind of space the defense contractor wants and what they can offer.

In recent years, D.C. mostly issued tax increment financing debt ? the subsidy that sparked Gallery Place ? to encourage development. But with a new debt cap that is already close to its limit, the D.C. Council has turned to tax abatements as the economic development tool of choice.

Kevin Curtis, CEO of defunct would-be startup First Financial Bank, has landed a new gig at WashingtonFirst Bank as president of the Virginia market, a newly created position.

Before 2008, John Fleury had one requirement before he would step onto an airplane: three Bud Lights.

While Cassidy & Pinkard Colliers ended its affiliation with Colliers International, another real estate company with a local presence has stepped in to join Colliers.

LOWER PROVIDENCE ? A Montgomery County township is a step closer to revitalizing an aging business park.

A $27 million loan secured by John Dewberry?s One Peachtree Pointe has been transferred to special servicing, another sign of the growing financial pressure on Midtown landlords.

John Amory, Senior vice president CB Richard Ellis The transient nature of today?s work force is unfamiliar territory for John Amory. He?s been a commercial real estate broker with the same Phoenix company for 50 years, starting with Coldwell Banker in 1959.

We?ve all heard the dictum that allegedly covers all things real estate: ?Location, location, location.?

Opus Corp. is in wind-down mode, but it has a new CEO.

Several large commercial land developers worry that the city?s master developer of Cecil Commerce Center will depress their land values as 4,000 acres of industrial and commercial property are brought to market over the next three decades.

The upcoming sale of a Linthicum office building could be a sign of a predicted meltdown in Greater Baltimore?s commercial real estate industry.

A proposed $1 billion redevelopment of Nottingham Ridge in White Marsh has sparked debate in Baltimore County about whether developer Corporate Office Properties Trust should give more to the community in exchange for its right to build a sprawling complex of homes, hotels, offices and shops.

CIM Group is in contract to buy the Charles Schwab headquarters at 211 Main St. in downtown San Francisco for $112 million, the latest in a series of Bay Area acquisitions by the Los Angeles-based private equity real estate firm.

TCF Financial Corp. has hired Tim Murnane as development consultant for a foreclosed 57-acre site the bank owns in Brooklyn Park.

From his Clayton office, Mark Burkhart has helped orchestrate the creation of a national commercial real estate company with 2,800 employees in 59 offices nationwide.

The job picture for real estate and construction in 2010 in New Mexico appears slightly brighter than 2009. There most likely will be new construction jobs for road, bridge and home builders, while office and shopping center contractors could continue to shed jobs this year.

Health Literacy Missouri rang in the new year with plans for a new home.

General contractor Joseph Hutchinson can?t break the surety bond ceiling.

In what had been a slow year for sales of major office properties, Moon Township-based DiCicco Development Inc. bought the nearly vacant 207,000-square-foot Park Ridge Corporate Center in Findlay Township, closing on the property Dec. 29.

Three months after tripling its San Francisco headquarters, social media company Twitter is again expanding its SoMa offices, a 41-month lease worth more than $3 million.

The owners of engineering consulting firm Code Consultants Inc. and an affiliated company have acquired Safety National?s former office building in west St. Louis County for $3.5 million for a new headquarters.

TAMPA ­­? Appraiser Woodman ?Woody? Herr recalls the go-go days of the real estate boom when the quicker a property appraisal could be done, the better. It was all about hurry up and close the deal.

Wayne Unze has joined Maestas & Ward to start a new business brokerage division, while Karen Hudson, the commercial real estate firm?s office specialties leader, has stepped down from her day-to-day responsibilities, said Managing Partner Steve Maestas.

A Pickaway County information technology consulting company plans to move its 17 workers and $2.1 million in annual payroll into the former ColumbusChamber offices downtown.

Renovations to the northern end of Harmony Mills in Cohoes will start now that the developer has secured more than $22 million in financing and hired a general contractor.

As 2009 graduates of the architecture program at Carnegie Mellon University, Drew Miller and Jameson O?Donnell could see the future of their field at a recent residential architecture convention in Seattle.

On the other end of the architect?s career track, there are no obvious answers as to how established architects will step back from their profession ? and no guarantee that, when they do, it will mean new opportunities for young architects.

In the latest in a string of commercial real estate brokerage mega-consolidations, San Francisco real estate services brokerage BT Commercial has broken away from its affiliation with NAI and joined forces with six other real estate firms across the country to create a new company to be called Cassidy Turley.

Three months after it announced plans to raise a $100 million fund to buy troubled assets in the western United States, Tribeca Cos. has nailed its first target: a 200-unit apartment portfolio formerly owned by the troubled Lembi Group.

Elevation Church has purchased 2.6 acres in Blakeney and plans to build a 35,000-square-foot performing arts center that will host services and be rented out for other events.

A split of the Colliers Turley Martin Tucker Co. real estate brokerage from Colliers International Property Consultants Inc.?s network may have little immediate effect on the Central Ohio commercial market as the business establishes a new national brand.

PLANT CITY ? This Hillsborough County town of nearly 32,000 may be getting a sought after gift: Albertson?s million-square-foot distribution center is on the verge of being sold to Gordon Food Service, one of the nation?s oldest and largest food distributors.

Crawford Hoying Real Estate Services LLC is suing its former president.

This week?s section focuses on Southwestern Illinois, but it really could be a follow-up to last week?s 2010 Preview. Many of the problems facing the Metro East right now ? budget concerns, a sour commercial real estate market ? are issues that communities throughout the region (and the nation) will be facing in this new year.

The delinquency rate for securitized loans in North Texas is 50% higher than the national average, and several prominent commercial properties are among those identified as having delinquent loans or loans likely to land in default, according to a national real estate research firm.

After nearly 15 years of working with such well-established local firms as The Design Alliance, Dan Delisio started Next Architecture in 2003 with the goal of developing a small firm that could handle major projects of all kinds.

If it is true that what does not kill us makes us stronger, then anyone who lived through last year?s commercial real estate market has a newly tested durability. Brokers in Southwestern Illinois said they expect 2010 also will not be for the faint of heart.

A Colorado real estate investment trust has purchased two high-profile Dallas commercial properties, in what some see as an indication of increasing sales volume as buyers hunt for bargains in North Texas.

The new Restoration Hardware store scheduled to open this spring in downtown Los Gatos is only the third out of 100 of its North American stores to sport a ?gallery? format.

American Pacific International Capital Inc., the low-profile Portland firm that bought KOIN Center, expects more opportunities to acquire high-profile properties at bargain-basement prices.

Whole Foods Market opens its Hollywood store, a 37,800-square foot market in the ground floors of the Beverly Condominiums, 4301 N.E. Sandy Blvd., on Jan. 12. Grand opening festivities begin at 8:45 a.m. and include a ?bread-breaking ceremony.?

One nonprofit that chose not to follow the other groups housed in the former Entrepreneur Center to a new location scored big going elsewhere.

Deanna Dopslaf can identify with the growing number of homeowners who are facing mortgages they can?t pay. Her own home in Rio Rancho is worth $100,000 less than when she bought it in 2006.

A major developer and city officials have quietly been laying the groundwork for a $200 million plan to bring urban homebuyers to the West Sacramento waterfront.

Crosland has signed its first retail and commercial tenants for Tranquil Court, the company?s mixed-use project on Selwyn Avenue near Colony Road.

The plot has changed for B Street Theatre?s new venue but the show is still going strong.

A group of Chinese investors purchased the former Mervyns distribution facility on 32 acres in Fremont.

A Madison developer is planning a $25 million residential development in Delafield that will include 60 apartments and 16 single-family homes.

The city?s environment committee will hear on Jan. 19 the results of a cost-benefit study on a proposed revamp of Charlotte?s tree preservation law.

Boombozz Famous Gourmet Pizza Inc. founder and CEO Tony Palombino plans to open a second taphouse-style restaurant in Louisville, this one in the Westport Village Shopping Center.

While Honolulu?s commercial real estate market is starting off 2010 in better shape than many cities on the Mainland, it may not strengthen until later in the year.

Honolulu?s office vacancy rate is expected to reach 12 percent by a year from now as layoffs, lagging job growth and business consolidations suppress demand for more office space.

Oahu?s industrial market has lost more than 1 million square feet of occupancy over the past three years as the vacancy rate pushed higher toward the 5 percent mark, according to a new report.

Downtown Seattle?s frost-bitten office leasing market may be starting to thaw.

The developer of the stalled Corbin Park regional mall project in Overland Park has petitioned for bankruptcy protection.

A chance to talk with John Neace is an invitation to reassess just how hard you?ve really tried in life.

Grubb & Ellis Co. has released its forecast for the expected course of the real estate industry in the year ahead.

Colliers Turley Martin Tucker is ending its affiliation with Colliers International in a shake-up that will create one of the nation?s largest privately held commercial real estate firms.

The Milwaukee restaurant management group that leases the Bradford Beach House from Milwaukee County is planning to invest $200,000 for renovations of the well-known building.

Unlike many companies in the construction industry, Inca Engineers Inc. has been hiring during the recession, thanks to large federally funded projects that include a massive flood-protection job in New Orleans.

Local governments have to educate their communities? children, but school contractors are being reminded that those governments don?t necessarily have to spend what they used to on new schools.

Gerald D. Ogier, president, Contravest Inc.:

Commercial real estate property values fell in Orange, Lake, Seminole and Osceola counties from $49.9 billion in 2008 to $47.4 billion in 2009, according to property appraisers in those counties.

A local firm quietly bought all 91 Orlando-area Pizza Hut restaurants for $35 million from Pizza Hut parent company Yum! Brands Inc. on Dec. 7 ? and now plans to serve up a big slice of business to Central Florida vendors. (YUM)

Doug Irmscher knows there?s still a pretty big real estate hole many investors must climb out of in 2010. (SPG) (HIW) (PKY) (PLD) (DRE)

The planned Daytona Live! mixed-use project in Volusia County may have gotten a little bigger thanks to a land sale that closed late last month.

Donan Engineering Co. has begun offering forensic investigative services in Florida with new operations in Tampa and Orlando.

Ongoing talks with potential hotel brands within the past month may be a sign that work on a $15 million, five- to six-story, 150-room hotel in Sanford will get under way sometime later this year.

Flagler Development Co. LLC shifted ownership on four parcels totaling more than 31 acres at SouthPark Center office park in southwest Orlando.

Orlando Sanford International Airport is moving forward on construction of a $3 million-$5 million hangar ? the largest one on the airport property.