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-Lubrizol Corp. of Cleveland signs off on a "bread-and-butter" deal for Northchase Plaza in the FM 1960/Champions submarket. The firm is taking a 4,332-sf office in the Caldwell Watson-owned building.
PHOENIX-The private investor's strategy is to rehab the 45-year-old building at 3648 N. 40th St. in Phoenix. Arcadia Court was 94% occupied at sale time to Mehmed Kozlica, who bought it from a Benson, AZ seller.
HOUSTON-The locally based Landata Group partners with IBM to modernize real estate records and land book registration in Romania. The Houston-based firm completed projects of similar scale and significance for the international community.
HOUSTON-The high-rise gets an "Excellence in Education" award from the Engineering, Science and Technology Council of Houston. Greenway Plaza is given the accolade for developing a $39,000 science lab for its FACES of Change elementary school partner.
REYNOSA, MEXICO-Brunswick Corp. buys a 90,000-sf structure in El Puente Industrial Park. A CB Richard Ellis exec says Brunswick is introducing a first for the maquiladoras. The buyer also grabs an abutting 12.5-acre tract.
HOUSTON-Aiken Engineering will move into a small office at the 67,581-sf Willowbrook in Houston's northwest submarket. Revo Inc. is the owner of the 94%-occupied suburban building near the Hewlett Packard/Compaq campus.
ORO VALLEY, AZ-A Los Angeles pension fund hawks its seven-year-old Boulder Canyon at La Reserve, the second class A property in Oro Valley to sell in a month. HSL Properties was up against strong competition in the bidding.
CHANDLER, AZ-Gustine Properties closes a two-acre acquisition for the southeast corner of Chandler Boulevard and Kyrene Road. Construction will start this month on a 12,000-sf store. A Scottsdale LLC is the seller.
HOUSTON-The brightest spot around town lies to the west, where activity has picked up considerably, says O'Connor & Associates in its latest office market accounting. Westchase has absorbed 140,000 sf so far in the quarter.
PHOENIX-The broker on the deal says sublease terms and number of dock doors convince Express Packaging to take a sizable chunk of industrial space in Sun Distribution Center. The sublease is valued at $1.2 million over its term.