LoopNews: Your Commercial Real Estate Newsletter LoopNet, Inc.
LoopNews: Your Commercial Real Estate Newsletter
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In The Loop

Small Town - Big Time Deal
When James Koehler of James C. Koehler Realty was asked to sell a 24-unit apartment complex in the Findlay, OH he knew his LoopNet Premium Membership would serve him well. The listing, which had a cap rate of 9.5%, was viewed over 1,300 times by LoopNet members nationwide. The immense exposure the apartment listing generated enabled him to close the deal to an all cash buyer sourced from LoopNet. "We received 25 qualified inquiries about our listing with the help of LoopNet," said a gratified Koehler. "The eventual buyer was a direct contact through LoopNet! Being a smaller community, we leverage LoopNet to provide national exposure, so we can reach as many potential prospects as possible. We use LoopNet to market all our commercial listings, thanks LoopNet!"

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Top Commercial Real Estate News
May 22, 2008 - May 28, 2008
Provided by Commercial Real Estate Direct

Ground Breaks on Mulitfamily in Boston
A venture that includes John M. Corcoran & Co. and Brennan Group has broken ground on a $61 million multifamily development in Boston. Read Full Story

Hotel Occupancy Drops in Orlando Area
Occupancy rates for metropolitan Orlando hotels dipped 2.1% in April, to 73.5% from a year earlier, according to Smith Travel Research. Read Full Story

Cushman & Wakefield to Relocate NYC HQ
Cushman & Wakefield has signed a 15-year lease for 156,282 sf of office space at 1290 Avenue of the Americas in Manhattan. Read Full Story

Boston Properties to Pay $3.95B for Buildings
Boston Properties has agreed to pay $3.95 billion for four Manhattan office buildings, including the GM Building, from Macklowe Properties. Read Full Story

Hotel Complex Planned for Indianapolis
A venture between White Lodging and REI Real Estate Services has started developing a $425 million hotel complex in downtown Indianapolis. Read Full Story

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