Local News

Cassidy Turley is pleased to announce that Anderson, Coe & King, LLP has relocated to 12,392 square feet on the 16th floor of 7 St. Paul Street in downtown Baltimore.

Cassidy Turley was selected by J.P. Morgan Asset Management, acting on behalf of institutional investors it advises, to lease and manage two premier properties in Texas: Fountain Place in Dallas and Post Oak Central in Houston.

SAN DIEGO – Cassidy Turley BRE Commercial today announced that Bastyr University has signed a 10-year lease valued at $3 million for office/lab space in Sorrento Valley.

Cassidy Turley is pleased to announce Newport Scientific’s 16,000-square-foot lease at 8246 Sandy Court in Jessup, Maryland.

Cassidy Turley announced today that with recent closings in December, its Capital Markets Structured Finance team surpassed 5.3 million square feet of development projects financed over the past 24 months, approximately half of which closed in 2011.

Cassidy Turley announced today that commercial real estate industry veteran Charles Fern has joined the firm as Executive Vice President. In this role, he will be responsible for working with institutional and corporate clients and will be based out of the Somerset, N.J. office.

Over his accomplished career, Patrick has successfully completed over 40 full-building transactions and 12 million SF of leases to the Federal Government.

Cassidy Turley is pleased to announce Tasty Baking Company’s 13,000-square-foot lease at 21 Fontana Lane in Rosedale, Maryland.

SAN DIEGO – Cassidy Turley BRE Commercial today announced the $8.7 million all-cash sale of a Walgreens in Santee.

Cassidy Turley is pleased to announce the 58,000-square-foot lease at 7270 Park Circle Drive in Hanover, Maryland for the new Maryland Live! Casino Employment Center. Maryland Live!

SAN DIEGO – Cassidy Turley BRE Commercial today announced that the Law Firm of Morris, Sullivan & Lemkul, LLP has signed a new 10-year lease valued at $7.5 million.

SAN DIEGO – Cassidy Turley BRE Commercial today announced that it was selected by Newport National Corporation to manage the company’s approximate 700,000-square-foot office portfolio in North County.

Cassidy Turley announced today that it arranged the sale of a six-building, 426,815 square foot office portfolio located in Raleigh, North Carolina. Rob Cochran, David Finger, Scot Humphrey, Jud Ryan, Paul Collins, and Drew Flood of Cassidy Turley represented the seller, Duke Realty, in the sale of the portfolio to Archon Acquisition, LLC.

Cassidy Turley, announced today that Travis Young has joined the firm as Managing Director, Transaction Services. In his new position, Mr. Young will have regional responsibilities in Texas, California and Colorado and will focus on providing clients with strategic consulting services. He is based in Cassidy Turley’s Denver office.

Cassidy Turley, recently negotiated two leases at Corporate Center One totaling 209,000 square feet. Cassidy Turley’s Ron Ruffner and Clay Sovich represented the landlord in both transactions.

SAN DIEGO - Cassidy Turley BRE Commercial today announced that Erica Kerrin and Christy DaPrato have joined the company’s local property management team.

Cassidy Turley BRE Commercial, working in conjunction with Rockwood Real Estate Advisors from New York, completed the sale of Metrocenter Mall. Carlyle Development Group, a retail investment firm based in New York, purchased the two-story, super-regional mall located at 9616 N. Metro Parkway in Phoenix for $12.2 million.

Greco and Sons, a Bartlett, Ill.-based distributor of food products for the restaurant industry, recently purchased the 49,500 square foot industrial facility located at 1100 Marlin Ct., Waukesha, Wis. from Donald J. Hindman Trust.

SAN DIEGO – Cassidy Turley BRE Commercial today announced the following transactions.

Cassidy Turley, a market leader in commercial real estate services, announced today the following sales and lease transactions

SAN DIEGO – Cassidy Turley BRE Commercial today announced that Marc Doyle has rejoined the company as a sales professional and manager.

SAN DIEGO – Cassidy Turley BRE Commercial today announced the $3.8 million sale of the industrial building located at 26090 Ynez Road in Temecula.

Vice President, Principal Andrew Houston was recently honored with the Rising Star Award from NAIOP New Jersey for his outstanding service to the organization.

Cassidy Turley has been ranked fourth among 21 of the nation’s leading commercial real estate service firms in the service providers/lenders category of Commercial Property Executive’s (CPE) 2011 Best Practices Index.

The Hartmann-Ryan team at Cassidy Turley Commercial Real Estate Services was recently the first team ever to be inducted into the Hall of Fame by Midwest Real Estate News.

Demand for office space slowed in the fourth quarter of 2011, but vacancy continued to inch downwards and rents remained steady, according to Cassidy Turley. For the year, the U.S. office sector recorded the strongest level of demand for office space since 2007.

Cassidy Turley today announced the sale of Rutherford Business Park, a 363,674-square-foot, 13-building, office portfolio located in Woodlawn, Maryland.

Commercial Real Estate Women (CREW) Dallas today announced that it has awarded its prestigious Outstanding Achievement Award (OAA) for 2011 to Diane Paddison, Chief Strategy Officer of Cassidy Turley, one of the nation’s leading commercial real estate services firms.

Cassidy Turley announced today that it has secured a fixed-rate loan on behalf of Donatelli Development, Gragg & Associates, and a client of Invesco Real Estate for Highland Park Phase I, a 229 unit apartment building located above the Columbia Heights Metro station at 14th and Irving Streets, NW, in Washington, DC.

Cassidy Turley today announced the sale of Citizens Bank Center, an 18-story, 221,686-square-foot, office tower located at 919 North Market Street in Wilmington, Delaware.

Cassidy Turley, a market leader in commercial real estate services, announced today the following sales and lease transactions

Cassidy Turley to Provide Leasing and Management Services in Three U.S. Markets

Cassidy Turley was selected by Equity Office Properties to manage and/or lease approximately 3 million square feet of Class A office space in three markets.

Ludman Industries has leased an 81,000 square foot industrial facility in Milwaukee and hired Cassidy Turley Barry to sel its 18,000 square foot building in Muskego, Wis.

Rotating Equipment Repair purchases an 18,000 square foot industrial facility in Sussex, Wis. from Tri Star Tool and Universal Metrics purchases a 38,700 square foot industrial facility in Richfield, Wis. from Victory Steel.

Cassidy Turley announced today that it arranged the sale of Braddock Gateway- Phase I, a high-rise residential development site located in the emerging Braddock neighborhood of Alexandria, VA.

Cassidy Turley announced today that it has been selected as the exclusive national property accounting partner for Panattoni Development Company. Cassidy Turley will be responsible for the application of more than 3,000 rent payments and the payment of 20,500 invoices on behalf of Panattoni on an annual basis.

Cassidy Turley announced today that it arranged the sale of the building that will become Verisign’s global headquarters - a 221,326 square foot office building located at 12061 Bluemont Way in Reston, VA.

Cassidy Turley announced today that it arranged the sale of One Virginia Square; a 100 percent leased Class A office building in Arlington, VA.

Cassidy Turley announced today that it secured a fixed-rate loan for the Pines of York, a 248-unit, garden-style apartment community located in historic Yorktown, VA.

Cassidy Turley announced today that it arranged the sale of the Pines of York apartments, a 248-unit garden-style multifamily property located in Yorktown, VA.

Cassidy Turley announced today that it secured a permanent loan for the McPherson Building, located at 901 15th Street, NW in Washington, DC.

Clark Gore, one of the most-respected leaders in Atlanta commercial real estate, will join the company as Regional Managing Principal of its Atlanta office.

Cassidy Turley secured a long term lease agreement for NBC Sports Group for approximately 300,000 square feet of office, production and television studio space at 1 Blachley Road in Stamford, Conn.

Continuing to solidify its spot as the leader in the visual communications industry, International, Inc., the world’s premier business-to-business marketing solution franchise with more than 530 sign and graphic centers, announces the hire of Cassidy Turley to manage site selection, acquisition, and construction management for its new store growth throughout the United States.

Cassidy Turley announced today that it secured a long term, fixed-rate loan for the Empire Apartments, a 151-unit, 8 story building located at 2000 F Street, NW, in downtown Washington, DC.

Cassidy Turley announced today the expansion of its Walnut Creek office with the addition of Whiff Collins and five other professionals from MCC Realty Group’s brokerage division: Dan Moylan, Tim Hogan, Dean Panfili, Betsy Zimmermann, and Zachary Anderson. Whiff Collins will take on the role of Managing Partner in a new Walnut Creek location scheduled to open in late November at Gateway Centre at 1850 Mt. Diablo Boulevard.

Cassidy Turley announces today the following sales and lease transactions...

New York City Economic Development Corporation (NYCEDC) today announced the selection of Greiner-Maltz and Cassidy Turley as the exclusive leasing agents for the Brooklyn Army Terminal (BAT), one of the City’s largest industrial properties.

Cincinnati, OH – November 1, 2011 – Liberty Towne Center, located at 7206 – 7240 Towne Center Drive, in West Chester, OH, changed hands on October 11, 2011. The 22,798 square foot center sold for $1.3 million ($57/sf).

Cassidy Turley Barry has won the “Industrial Deal of the Year” award, which was presented at the 2011 Commercial Association of Realtors of Wisconsin (CARW) CRE Awards on October 18, 2011. The event, held in Vogel Hall at the Marcus Performing Arts Center in downtown Milwaukee, honored 2011’s most notable professionals and transactions in Wisconsin commercial real estate.

Milwaukee-based Athea, a contract blending and packaging company, recently purchased the 245,000 square foot industrial facility which formerly housed Norcross, Ga-based RockTenn, one of North America's leading producers of corrugated and consumer packaging and recycling solutions.

Winter Services, Inc., a snow removal company based in Milwaukee, recently purchased the 33,400 square foot former General Beverage facility in West Allis, Wis. from Rose Investments, L.P.

RJ Schinner Co., a leader in the paper and plastics redistribution marketplace, has purchased the 160,000 square foot industrial building located at N89W14700 Patrita Dr., in the Menomonee Falls Industrial Park, Menomonee Falls, Wis.

Bentley World Packaging, Ltd., one of the Midwest’s largest export and military packaging firms, recently leased the 360,000 square foot distribution building located at 5211 S. 3rd Street, Milwaukee from Benderson Properties Inc.

Ascent Battery Supply, Inc. (d/b/a Batteries Plus), recently signed a long-term lease for the 113,000 square foot industrial building located at 6200 N. Baker Road, Glendale, Wis. from Stan and Jerry Properties, LLC.

In the first office investment transaction in Brookfield since March 2010, a private investor purchased the 85,000 square foot Chancellory Park II in the Bishop’s Woods Office Park which was fully leased to Thompson Reuters.

Cassidy Turley today announced the sale of the Coastal Sunbelt Building, a 171,000-square-foot industrial building located at 8704 Bollman Place in Savage, Maryland.

Cassidy Turley announced today that Ron Labetich Company, a local boutique firm based in Los Altos, California, has joined the company. Operating as Cassidy Turley, Ron Labetich & Company will continue to do business at its existing office location at 339 South San Antonio Road, situated just off Foothill Expressway. This will be Cassidy Turley’s 15th Northern California office.

Cassidy Turley, announced today that three brokers from its Louisville office were awarded 2011 Broker of the Year awards from the Kentucky Commercial Real Estate Alliance (KCREA). Cassidy Turley’s Powell Spears, SIOR, Managing Member, Timothy B. Gramig, CCIM, and Clay Hunt, received the Industrial, Retail and Rising Star awards, respectively.

Robert Sammons, Cassidy Turley Vice President of Research in New York, discusses a decade of changes in lower Manhattan with CNN.

Cassidy Turley, announced today that Stephen J. Pearlman has joined the firm’s New York Office as Senior Managing Director in the capital markets group, effective immediately.

Cassidy Turley announced today that it arranged permanent financing for 1001 Fleet Street, a 222,578 square foot Class A office building located in Baltimore’s Inner Harbor.

Cassidy Turley announced today that it arranged the sale of 601 N. Fairfax Street, a 129,564 square foot office building located in Old Town Alexandria, VA.

Cassidy Turley announced today that it arranged the sale of the 230,580 square foot, state-of-the-art distribution building located at 1757 TW Alexander Drive in Durham, North Carolina.

Cassidy Turley announced today that it arranged the sale of the 325,000 square foot, CenterPoint I building, located at 1805 TW Alexander Drive in Durham, North Carolina.

The U.S. office sector continues to show improving office leasing fundamentals, despite the sustained economic slowdown, according to the Office Trends Report published by Cassidy Turley. In fact, this sector is trending towards recovery, as net demand for office space registered at 14.9 million square feet in the third quarter of 2011.

Cassidy Turley has been hired to lease the retail portion of The Lofts of Kennesaw, a new off-campus housing project adjacent to Kennesaw State University.

Cassidy Turley today announced the sale of Deereco I (9474 Deereco Road), a 40,151-square-foot flex building located in Timonium, Maryland.

Cassidy Turley announced it helped broker the sale of Hoover Place, a shopping center in Hoover, Ala.

Cassidy Turley announced today that the Washington, DC office market saw slowed demand in the third quarter of 2011, due to a standstill in government leasing.

Cassidy Turley Expands Its Capital Markets Group with Key Appointments. Cassidy Turley announced today the expansion of its capital markets group with the appointments of Bob Gilley, Executive Managing Director, and Steve Hermann, Executive Managing Director. Mr. Gilley and Mr. Hermann join Cassidy Turley Northern California from CB Richard Ellis’ investment properties-institutional group.

Two hundred paddlers took to the water on Saturday, Sept. 17 for the first annual Great River Race – a canoe challenge designed to raise funds and awareness for the academic achievement gap in the Twin Cities.

FHO Partners Joins Cassidy Turley. National Commercial Real Estate Services Firm Adds Full Service Capabilities in Greater Boston with Addition of Premier Organization.

Cassidy Turley announced today that 500 New Jersey Avenue, NW has been awarded LEED® for Existing Buildings: Operations & Maintenance (LEED for Existing Buildings: O&M) Gold certification, established by the U.S. Green Building Council (USGBC) and verified by the Green Building Certification Institute (GBCI).

Cassidy Turley announced today that the company ranked third in Real Estate Alert’s mid-year 2011 Top Office Brokers rankings. Cassidy Turley’s growth in capital markets increased the firm’s ranking in 2011. For the first six months in 2011, Cassidy Turley had $1.8 billion of office sales activity. For the full year in 2010, Real Estate Alert ranked Cassidy Turley sixth with $1.2 billion in offic

Cassidy Turley announced today that it arranged three separate sale transactions involving an aggregate of approximately 2 million square feet of industrial space as well as two office assets.

Cassidy Turley Completes Acquisition of Carter’s Brokerage and Property Management Businesses. The Transaction Expands Cassidy Turley's Presence in Atlanta and Central Florida.

Cassidy Turley announced the addition of Andrew Bagy, Associate Vice President, to the St. Louis office. Licensed in Missouri and Illinois, Bagy is a leader in the commercial real estate industry specializing in tenant/buyer representation, budget planning, landlord/seller representation, multi-city assignments and real estate investment.

Cassidy Turley announced today that it arranged the sale of 8301 Professional Place, a 137,000 square foot Class A office building located in Landover, MD.

Capital Associates, a North Carolina based full-service commercial real estate company, and Cassidy Turley announced today the sale of Keystone Technology Park, an 806,157 square foot, 11-building portfolio in Durham, NC.

Cassidy Turley announced today that four tenant representation executives will be joining the company to establish a tenant representation practice in Cassidy Turley’s Dallas office. The addition of Greg Biggs, Randy Cooper, Rob Morris and Craig Wilson – all from Cushman & Wakefield’s Brokerage Services Group in Texas – is the latest development in Cassidy Turley’s strategic growth.

Cassidy Turley, a leading national commercial real estate services firm in the US, today announced that the company has been chosen to lease and manage a portfolio of suburban office buildings in Charlotte and Raleigh owned in a joint venture between Madison International Realty and The Lichtin Corporation. The Charlotte properties include five buildings or 420,000 SF in the Toringdon office park located in Ballantyne. The Raleigh assets, Palisades I & II on Trinity Road, total 160,000 SF.

Cassidy Turley is pleased to announce that Discepolo LLP will relocate to 6,992 square feet on the 19th floor of 111 South Calvert Street.

Cassidy Turley is pleased to announce that its Industrial Team was selected by Emory Properties to exclusively represent 9420 Gerwig Lane, a 186,000-square-foot project located in Columbia, Maryland that is for sale or lease.

Cassidy Turley has achieved LEED® Commercial Interiors Gold certification, established by the U.S. Green Building Council (USGBC) and verified by the Green Building Certification Institute (GBCI), for its St. Louis headquarters.

Cassidy Turley announced today that Dulles Corner Gateway has achieved the U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design for Existing Buildings: Operations & Maintenance Gold certification.

Cassidy Turley, a leading commercial real estate services provider in the U.S., today announced Andrew K. McIlvaine joined the firm as Associate Vice President.

Cassidy Turley is pleased to announce Cimino’s Office Systems’ 25,600 -square-foot lease at 1405 Tangier Road in White Marsh, Maryland.

Cassidy Turley announced today that Don Hunter will join the firm as Managing Principal of its Columbus office, effective August 29. In this role, Mr. Hunter will oversee 44 brokerage and property management associates and run the daily operations in Columbus, while focusing on Cassidy Turley’s strategic growth initiatives in that market. Mr. Hunter has more than 25 years of experience in the commercial real estate industry.