Rent-A-Center Inc., the nation’s largest rent-to-own operator, plans to close 150 stores by the end of June. Playing into the store closure decisions, Rent-A-Center has initiated a virtual kiosk test to unlock future sales growth. The newly planned closures will offset the Plano, TX-based company’s opening of 60 new stores last quarter and opening of […]

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Los Angeles, Atlanta, East Bay, Chicago, New York City, Boston, Detroit, Phoenix, Tampa, and Portland. LOS ANGELES CBRE Taps Horne as President, Greater Los Angeles Region By […]

The Minneapolis Industrial market ended the first quarter 2014 with a vacancy rate of 6.2%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 951,553 square feet in the first quarter. That compares to positive 289,739 square feet in the fourth quarter 2013. Vacant sublease space decreased in the quarter, […]

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Indianapolis, New York City, Austin, San Antonio, Chicago, Boston, Washington DC, Milwaukee / Madison, San Francisco, South Florida, Houston, Phoenix, Dallas, Southern Connecticut, and Raleigh / Durham. […]

A private investor acquired the Lake West office building at 14525 Hwy 7 in Minnetonka, MN from Hempel for $2.75 million, or approximately $46 per square foot. The three-story, 59,844-square-foot building was delivered in 1980 and renovated in 2006. It sits on 3.5 acres in the I-394 Corridor of Hennepin County. This transaction was part […]