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

Broker Gets Hot Leads from ProspectList
Sid Benstead of Prudential Fox & Roach sold an industrial property with the help of his LoopNet Premium Membership. The listing, in the Philadelphia suburb of West Berlin, NJ was viewed over 1,700 times by LoopNet members nationwide. "Our LoopNet listing provided us with lots of hot leads!" said an excited Benstead. "The ProspectList tool was a great success for our team and helped us field 3-5 offers from LoopNet users, including the ultimate buyer. We closed up to 10 deals this year as a result of marketing property on LoopNet. We have tried other websites, but LoopNet delivers the most success for us. The ProspectList tool is really a great feature to contact interested buyers!"

Learn how you too can benefit from Premium Membership today!

Top Commercial Real Estate News
September 11, 2008 - September 17, 2008
Provided by Commercial Real Estate Direct

$4.2 Billion Brooklyn Project to Break Ground
The developer expects to break ground in December on the $4.2 billion Atlantic Yards mixed-use project in Brooklyn, NY. The developer is seeking $950 million of tax-exempt bond financing for the project's centerpiece, an indoor arena that would be home to the New Jersey Nets basketball team. Read Full Story

Finalists Selected for D.C. Mixed-Use Project
D.C. officials have narrowed the bids for a five acre mixed-use project in the Northeast area to two proposals. The district wants the site developed into a transit-oriented housing project with office and retail components. Read Full Story

Massive Mixed-Use Project Slated for Miami
Local developers are seeking government approval for a 25-acre mixed-use project. The project is being planned for a nine-block area and calls for high-rise offices, hotels, retail shops, restaurants, schools, residences, entertainment and conference venues. The developers have already spent $100 million on the project, which is expected to have some 12 million square feet of new construction. Read Full Story

San Francisco Office Tower Sells for $104Mln
Transwestern Investment Co. has agreed to buy 601 California St., a 254,000-square-foot office building in San Francisco for $104 million. The 22-story building has an occupancy level of more than 90%, which compares to an 88.8% rate in its North Financial District submarket, according to Grubb & Ellis. Read Full Story
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Need Help Determining the Value of a Property?

Do you have a property that you're not quite sure how to price? Or are you interested in a property but want to make sure you're getting a good price? If so, Q2 LoopNet Investment Market Reports can help you by providing you with the values of recently sold properties. Reports include the following data from Q2 2008:
  • Cap rates & prices by property type
  • Regional & national comparisons
  • Investor composition & trends
  • Recent transactions greater than $2.5 million
For more information and the list of available markets, visit www.LoopNet.com/MarketReports.

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