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ATLANTA-The 355,882-sf office building is currently between 75-77% occupied; however, the new owners are continuing negotiations with a prospective tenant for an additional 48,000 sf. Average rents are $17 per sf.
MIAMI-Keeping with the focus of entering ethnic urban markets, the New York-based development company acquires two retail centers, one in the Coconut Grove section of the city and the other in Fort Lauderdale.
ORLANDO-When CNL Restaurant Properties and US Restaurant Properties unite, the new company will hold $2.5 billion in assets. It will operate under CNL Restaurant Properties and be headquartered here.
NEW YORK CITY-Local and state officials are hoping that a new stadium and convention center on the West Side will add an economic boost to the city, like the renovation of Soldier Field did for the Windy City.
NEW YORK CITY-After a rough 24 months, the city's commercial real estate sector has posted job growth for past three quarters--which in turn is fueling demand for space, according to David Arena with Jones Lang LaSalle.
NEW YORK CITY-The New York Council of FIABCI-USA and the Fordham Real Estate Society of the Fordham University School of Business are the forces behind the alliance. Its first event will examine New York's role in the global economy.
NEW YORK CITY-With the market experiencing strong fundamentals, the New York hotel market could see record-setting prices, according to Cheryl Boyer with PricewaterhouseCoopers.