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.
CLEVELAND, OH-The first property acquisition by the joint venture is Ward Parkway, a 750,000-sf shopping center located in suburban Kansas City, Mo. The acquisition price was $48.5 million.
WOODLAND HILLS, CA-The medical billing management firm, COMP Medical, leases 35,669 sf to triple its office size in a relocation to Warner Corporate Center. The September move leads off a 65-month lease.
JACKSONVILLE, FL-A locally-based REIT, with gross assets of $3.3 billion, sells five grocery-anchored shopping centers totaling 439,422 sf to a previously established joint venture with Macquarie Countrywide Trust of Australia for about $125.84 per sf.
LISLE, IL-Cable television equipment developer Arris International Inc. finds the additional 22,000 sf it needs at Lisle Business Center at 2400 Ogden Ave., moving from Olympian Business Center at 4343 Commerce Ct.
NEW YORK CITY-Vornado Realty Trust has replaced its $1 billion unsecured credit facility due July 2003 with a $600 million unsecured revolving credit facility.
SPOKANE-Six weeks after increasing its interest in Shurgard Europe from 43% to 61%, Shurgard Storage Centers agrees to hand over $102.6 million in common stock to increase its ownership to 80.6%.
BOCA RATON, FL-The company has sold its 50% interest in Premier Custodial Group Ltd. and plans to purchase a prison or mental health services business, or to expand its existing prison and mental health business.
CHICAGO-The blended rate on $855 million in debt is 3.89%. General Growth Properties Inc. now has keys for the 1.2-million-sf Saint Louis Galleria and 1.1-million-sf Coronado Center, as well as complete control of eight malls previously owned in a joint venture.
PHOENIX-Overall vacancy crawls to 21.5%, up 0.3% from the first quarter, but down 0.2% from the number a year ago. An increased leasing activity is attributed to consolidations and downsizing on the corporate levels.
SAN FERNANDO, CA-The 34-acre parcel is home to one of the longest-running and most successful swap meets in Southern California. Bought in 1950 for $2,500 per acre, the land, once part of a 100-acre tract, brings $867,000 per acre in today's market.