Rasberry Shackelford & Associates Home Page - Real Estate Appraisals Throughout eastern North Carolina

LyondellBasell Renews 358,138 SF in Houston

1/27/2012 12:08 AM

LyondellBasell renewed 358,138 square feet at 1 Houston Center in Houston. The plastics, chemical and refining company signed a long-term extension deal to maintain its global operations at the central business district office tower. The 1.06 million-square-foot property at 1221 McKinney St. was built in 1996. The lease also included naming rig...Read More

CoStar's People of Note (Jan. 22-28)

1/26/2012 10:19 PM

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 pr...Read More

Miami Herald Finalizes 158,000-SF Lease in Doral

1/26/2012 9:58 PM

The Miami Herald Media Company has agreed to terms to relocate to a 158,265-square-foot office building in Doral, FL. The building, at 3511 NW 91st Ave. in Miami, will be renamed One Herald Plaza at Westpointe Business Park. The company has also acquired an adjacent six-acre pa...Read More

Landlords Poised to Regain Upper Hand In Recovering Office Market

1/25/2012 10:15 PM

Office space absorption doubled during 2011 as the office-using job base expanded and vacancies declined across nearly two-thirds of U.S. submarkets, CoStar Group reported this week in its Year-End 2011 Office Review & Outlook. The report presented to CoStar clients found ...Read More

Renew or Relocate? Incumbent Landlords Willing To Sweeten the Pot

1/25/2012 8:15 PM

While perhaps not a nationally significant or unusual deal by itself, U.S. Cellular's renewal this past month of an office lease in Madison, WI, succinctly depicts the current state of leasing. U.S. Cellular agreed to extend its lease with affiliates of Wells Real Estate at the U.S. Cellular Building, a four-story, 102,000-rentable-square-foot <...Read More

C-III Capital, CEO Farkas Close NAI Global Purchase

1/25/2012 8:14 PM

Real estate investment firm C-III Capital Partners LLC completed its acquisition of NAI Global, just 10 days after negotiations between C-III and partner Colony Capital LLC to acquire Santa Ana, CA-based Grubb & Ellis Co. expired without an agreement. Financial terms of the transaction were not disclosed. At the time the NAI Global transaction...Read More

CHECKING IN: Despite Volatility, Hotel Performance, Outlook Improving

1/25/2012 8:13 PM

Lodging demand trends continue on a solid recovery trajectory, despite heightened global macroeconomic risk stemming from European sovereign debt concerns and a slowdown in China, according to a bevy of reports that hit the market this week. While the ongoing hotel recovery is expected to be uneven, it is a recovery nonetheless, observers say, a...Read More

Romney Tax Returns Help Revive Effort to Overhaul Carried Interest Tax

1/26/2012 6:09 AM

The tax rate on carried-interest investment income earned by real estate partnerships, private equity investors and hedge fund operators has once again become an issue for national debate -- this time, all the way to the 2012 presidential campaign. Two prominent Michigan lawmakers announced that they are reviving efforts to reclassify the tax tr...Read More

Four U.S. Cities Classified as Having 'World Class' Recoveries

1/25/2012 5:17 AM

Amid a slowing, uneven economic recovery in 2011, the world's 200 largest metro economies continued to drive global growth, according to The Brookings Institution in its Global MetroMonitor. But here's the rub for the U.S.: The study reveals that emerging-market metro areas in Asia, Latin America and Eastern Europe were the fastest growing last yea...Read More

2012 Starts Off with Three Bank Failures

1/25/2012 5:13 AM

Regulators kicked off 2012 banking cleanup operations closing three small banks, one each in Georgia, Florida and Pennsylvania. The largest of the closing was The First State Bank in Stockbridge, GA, which was closed today by the Georgia Department of Banking and Finance. The Federal Deposit Insurance Corp. (FDIC), acting as receiver, sold th...Read More