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PHOENIX-Padre & Hermano put up $329,100 for the 6,624-sf industrial building along West Virginia Street in Phoenix. The buyer will be relocating a clothing manufacturing business into the structure.
HOUSTON-A new sign goes up on the former Radisson Hotel and Conference Center at Hobby Airport. The 287-room hotel now carries a Marriott flag, a branding that followed a $4.5-million overhaul of the 1985 product.
PHOENIX-The Minnesota telecommunications firm will move into 22,440 sf in November at the Biltmore Commerce Center in the Camelback Corridor. CB Richard Ellis teams represent both sides of the deal.
HOUSTON-The non-profit Men in Mission secures the land from two Lutheran foundations, owners for the past 11 years. On the drawing board is a ManKind Project center at the Houston intersection of West 43rd and Southerland streets.
TUCSON-Bedrock Foundations of Irvine, CA sells the final piece of an industrial park bought a few years back. The plan was to stabilize and piecemeal sell for a profit. A California couple satisfies a 1031 Exchange with the deal.
HOUSTON-Terrabrook amasses the acreage from six tracts ranging in size from 4.1 acres to 847 acres. The developer tickets 180 acres for commercial development while boosting Cinco Ranch's total to 7,228 acres.
PEORIA, AZ-Allied Trading & Transacting makes its seventh metro Phoenix buy, taking control of the Loop 101 & Peoria Supercenter. The sale of the fully occupied center has been a year in the making.
HOUSTON-Last year, the Houston REIT spent in excess of $500 million. This year, it will be $250 million to $350 million. One reason is the product that it likes isn't readily available. Thus, the criteria is changing as well.
SPRING, TX-The US division of Interceramic International signs up for a part of a warehouse in the Houston suburb of Spring. The site will supply the firm's two Houston stores. Hartman REIT is the property owner.
PHOENIX-Westcor gets the money and Macerich gets 15.6 million sf and 1,000 acres of raw land. The deal includes the assumption of $733 million in debt, a $72-million issuance of preferred units and the balance in cash.