Commercial real estate special reports 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.
LISBON-The European shopping center developer sells its headquarters building here, leasing back its office space. The complex also includes a retail mall anchored by a Modelo Bonjour supermarket.
MIAMI-UBS Realty Investors LLC sold the 11-story office building, with 124,931 rentable sf, for approximately $136.08 per sf to Brookwood Financial Partners LP. The class B property is 91% occupied.
MIAMI-The Boca Raton, FL-based national builder/investor purchased the last prime industrial parcel in the city, 10.84 acres in the Arvida Park of Commerce, from Sensormatic Electronics Corp. for $10.59 per sf.
PHOENIX-Relizon sells a 104,400-sf industrial property along 45th Avenue as it boxes up for an early 2003 relocation to a smaller building. The new owner, though, has a roofing company waiting for the keys.
NEW YORK CITY-The former BJ's Wholesale Club was under contract to a residential developer but a zoning change was turned down and the deal fell through. Now, the property will become an R&D facility for Icon Laboratories.
DALLAS-Insignia/ESG beats two other brokerage houses for the contract on the 198,000-sf North Central Plaza I. The challenge is to find and sign tenants for a building in the heart of a major highway project.
EAST RUTHERFORD, NJ-Orchestrated by Cushman & Wakefield, both of the transactions involve insurance agency tenants. Reckson and Jack Parker own the separate buildings.
LOS ANGELES-The three office properties, acquired by CB Richard Ellis Strategic Partners II LLC, include buildings near Giants Stadium in East Rutherford, NJ, in Boston, and in Irvine, CA.
ASBURY PARK, NJ-This city's preferred master redeveloper has signed deals, subject to city council approval, with Kushner, Hovnanian and Paramount Homes for various first phase components of the project.