Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
HOUSTON-The Lutheran Association buys about 74 acres for a private school in the city's far southwest corridor while a Houston couple takes the deed to about an acre in the far northwest in a plan to develop a karate dojo.
PHOENIX-Kwik Products vacates a leased site at 38th Place and Broadway Street for a 17,615-sf building along South 35th Street in Phoenix. The seller bought the 27-year-old building six months ago, did some upgrades and sold for a profit.
GLENDALE, AZ-The newest addition to the Bentonville, AR-based retail giant's portfolio is a 204,299-sf "Supercenter" at the Glendale corner of Loop 101 and West Camelback Road. The store will deliver in early 2003.
SCOTTSDALE, AZ-The Scottsdale Seville has hit its portfolio maturity with owner Shimizu Development Inc. of New York, which developed the mixed-use property about 12 years ago. It is now 85% occupied.
HOUSTON-The 292,614-sf Westgate Marketplace, a west Houston shopping center with HEB and Kohl's as anchors, has obtained $28.5 million in financing through SouthTrust Bank. The deal follows $7.5 million arranged for the West University Marketplace.
HOUSTON-After signing a major deal that will bring Ford Motor Co. to Houston, the Alamo Crossing Commerce Center is northwest Houston welcomes Asian food distributor JFC International to a 60,118-sf space.
PHOENIX-The property was 95% occupied at the time of the sale. The buyer, an LLC based in Mamaroneck, New York, plans to sink approximately $750,000 into the complex.
MESA, AZ-The Brittany Apartments, 92-unit complex, has been sold in Mesa. Statistics show that the Mesa apartment market is keeping pace with the MSA in terms of vacancy rates, rents and new construction.
HOUSTON-NRM Equipment Rental, an entity of Control Rooms of Texas, has purchased the 20,000-sf north Houston industrial building the firm has been leasing for the past 10 years from Houston-based Chapman & Cole.
SCOTTSDALE, AZ-Gainey Center II, a 146,000-sf building that commands some of the highest net rents in the Phoenix MSA is scooped up by San Francisco-based investor Maier Siebel Baber.