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-Two CBD fire stations, forced to vacate the premises, have found a home. Two leases have been signed and renovations completed for the new accommodations. A fire department construction team also added a structure for equipment.
SEATTLE-Colliers International's first-quarter vacancy rate survey shows a figure of 7.8% for Downtown, more than double the 3.5% recorded at the end of 2000. The amount of sublease space also has nearly doubled.
BOSTON- Tosco Marketing Corp., an Exxon licensee, wins the rights to 11 service locations on the Massachusetts Turnpike in an estimated $100 million transaction for a 10-year agreement. The company will replace Mobil, whose contract had expired.
LOS ANGELES-Neither firm will comment, but one former Cushman Realty exec says a deal is in the works. Rumors about a combination began spreading in brokerage communities on both coasts last week.
BUENA PARK, CA-Birtcher Real Estate Group, which has purchased more than 1.5 sf of office and industrial property throughout Southern California in the past two years, has acquired another 154,747-sf office complex.
CHICAGO-A former trading floor above Union Station in the West Loop is converted into a three-level Fitness Formula health club by McShane Construction Corp., which had to work around logistical hurdles to get the job done.
SAN FRANCISCO-The real estate services firm has eight offices in northern California and hopes to open offices in the East Bay's 680 Corridor and in Sacramento in the upcoming year.
MIAMI-Industry sources familiar with the deal tell GlobeSt.com, on condition of anonymity, that Telefonica Data Corp. signed a 15-year, 173,000-sf lease at about $13 per sf in the 100-acre LightSpeed Miami Center.