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.
WOODLAND HILLS, CA-The Warnerview office building was suffering from sagging occupancy after a law firm closed its doors, leaving the building 65% occupied. The building's new owner, however, is planning an aggressive marketing campaign and expects to put the property back on track at 85% occupancy within six months.
SEATTLE-Vacancy rises in the Kent Valley, Pierce County and Eastside markets during the third quarter while dropping in the Seattle and Northend markets.
SAN DIEGO-Aardema Family Trust acquires the facility, which it plans to hold as an investment. Encompassing 55,450 sf, it stands at 4255 Ruffin Rd. in the Kearny Mesa area of the city.
BALTIMORE-The Maryland Institute College of Art debuts its new Brown Center for Digital Art & Design that will serve as a school and public event space, as well as a classroom, studio and office facility.
WASHINGTON, DC-A 100,000-sf office property changes hands in a deal between Investco Realty Advisors and AEW Capital Management. AEW acquired the structure at 1920 L St. for $27.5 million or about $264 per sf.
PHOENIX-The non-profit Prison Fellowship Ministries joins other non-profit groups with a 2,371-sf lease in an 18,892-sf building in the CBD. The inbound tenant snags a two-year lease for $9 per sf, full service.
HOUSTON-Marquez Brothers International of San Jose, CA leases 16,800 sf with a medium-term signing in a recently finished 97,050-sf warehouse on the east side of town. The tenant will be supplying Mexican-style foods to chains like H-E-B.
ATLANTA-Less than three years old, the locally based restaurant chain plans to open 171 new stores nationally, totaling an estimated 478,800 sf of leased premises by the end of 2004.
SAN FRANCISCO-Although a slight decrease in overall vacancy rates during the third quarter is a sign the market has hit bottom, it will be a tenants market for several more years as 13.7 million sf of vacant space is absorbed, according to a just-released third quarter report by Colliers International.
CORONA, CA-The 19,520-sf build-to-suit in the Wildrose Industrial Park is located on 1.3 acres and offers the company visibility from I-5. Master Fab is relocating from a 10,587-sf building in Ontario.