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.
AVONDALE, AZ-The Avondale center is three-quarters filled as tenants rev up for move-in dates as early as mid-May. The balance of the space could be gone before work wraps up, say the brokers.
SUN CITY, AZ-Construction is being fast-tracked for a mid-October ribbon-cutting of the project area, an enlarged dining facility at the Sun City hospital. Stichler Design Group is the architect and Linthicum, the general contractor.
HOUSTON-Brokers get final signatures on closing papers for the 258-unit Brays Village along Boone Road and 44-unit Memorial Springs along Shavelson. Both sellers are looking to roll proceeds into other product.
HOUSTON-Central United Life Insurance seals an 8,830-sf deal for 2727 Allen Parkway, a 416,685-sf structure on the edge of Houston's CBD. In a smaller lease, Equitable Investment relocates to a Westheimer building.
HOUSTON-The multifamily absorption is double what it was in December 2001, but still it's at its lowest point in four years. Just the fact that it doubled is a good sign, says a market watcher, who predicts another doubling by the second-quarter close.
CHANDLER, AZ-Sleep America adds a 4,056-sf retail spot at Chandler Gateway while Hall of Frames signs for 2,455 sf of inline space at the Village of Prescott Gateway. It's the second signing this month for Sleep America.
HOUSTON-Claremont Property will spend about $5 million to totally retrofit the 286-unit Woodland Forest. The repositioning specialist also has a contract out on a 160-unit holding of Alfred J. Antonini, now serving time for a check kiting scheme.
GILBERT, AZ-Within months of marking one year at the site, Catalytica Energy Systems takes the deed to a 43,425-sf build-to-suit by Hewson Development. The seller is a joint venture between Hewson and Guardian Life Insurance Co. of America.
PHOENIX-A Phoenix limited liability company buys a 94%-occupied industrial portfolio that has been sold for the second time in three years. Within 30 days, the new owner will be hanging a "no vacancy" sign, says a broker on the deal.
HOUSTON-The firm of Abercrombie, Revia, Degeyter & Associates will relocate from Veterans Memorial Drive into a 5,198-sf suite at Northchase Center in the FM 1960 submarket, which is shouldering a 16.7% vacancy.