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ORLANDO-The direct weighted average rental rate in metro's 29-million-sf office market is $18.88 per sf, down from $19.24 per sf in second quarter 2003. Vacancies are at 13.9%, an improvement from 15.6% at the end of last year, according to a mid-year analysis by the local office of Advantis Real Estate Services Co.
ATLANTA-The Bentonville, AR-based retailer is expected to sign a lease shortly that would give the firm space on one level of the 300,000-sf Selig Enterprises shopping center planned at the former Castlegate Hotel site off Interstate 75 and Howell Mill Road.
AUGUSTA, GA-Chicago-based Fifield Co. buys the four-year-old, 200-unit, garden-style property for $69,250 per unit in a 1031 Exchange with Macon, GA-based Hathaway Development Co.
ORLANDO-Two of the industry's largest vacation-week players gear up for a new wave of tourists expected to hit the metro market in 2005. Fairfield buys a 12-acre tract near Walt Disney World for an estimated $6 million. Hilton Grand Vacations Co. plans an $18.6-million expansion on its International Drive property.
ATLANTA-The 700-student school is leasing more than a quarter of the 260,000-sf office component of the 17-acre, 79-year-old former Southern Railway Co.'s historic roundhouse property for 10 years at an estimated aggregate rent of $6.5 million.
ORLANDO-Locally based Tower Realty Partners Inc. and New York-based DRA Advisors make their $11.5-million investment in 2001 finally pay off in a 100%-leased, class A office building in south Orlando. Orlando Culinary Academy adds 39,854 sf to its 15-year lease.
ORLANDO-St. Paul Travelers Co., a fixture for 11 years at Gateway Center, needs more parking space and has struck a deal with Atlanta-based Barry Real Estate Cos. to occupy 130,000 sf in a planned 160,000-sf building at Baldwin Park in Winter Park.
ATLANTA-Bank of America leads the 11-bank consortium as administrative agent, with Banc of America Securities LLC as sole lead arranger and book manager on the deal. Cousins' previous credit account expires in August. The new facility matures in September 2007.
ATLANTA-The Dallas-based hotel REIT pays Day Hospitality Group of Atlanta $70,849 per room for the four-property, 365-room portfolio that includes Hilton and Marriott-branded assets in metro Atlanta. The properties have combined annual gross revenue of approximately $8 million.
ORLANDO-The challenging $1.3 million acquisition deal that locally based buyer MWB Properties LLC did with seller JS Cloyd Properties Inc. for $216.66 per sf hinged on Primary Capital finding the financing. The 6% loan was close to 85% of the purchase price. An AmSouth Bank division funded the deal.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Recent U.S. visa policy shifts create uncertainty for international student renters, exposing operators to vacancies and bad debt. Learn key strategies that can help you mitigate financial risk and secure your rent roll amid this turbulent environment.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom TheGuarantors
Recent U.S. visa policy shifts create uncertainty for international student renters, exposing operators to vacancies and bad debt. Learn key strategies that can help you mitigate financial risk and secure your rent roll amid this turbulent environment.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource