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.
HOUSTON-Marshall, Neil & Pauley, an HVAC distributor, pays close to the asking price of $2.75 per sf for a tract in the far northwest submarket. Ground will break in late summer on a 35,000-sf headquarters.
DETROIT-The company's first bookstore in Detroit is set to go into the new Compuware headquarters in downtown. The lease for 8,000 sf should be signed soon, says spokeswoman.
LONDON-The Capstone Group has sold a prime 4.5 acre site on Junction 4 of the M4 motorway at Heathrow Airport, to Scottish and Newcastle Retail for a new 130-bed Premier Lodge hotel.
ATLANTA-Locally based Southern States Management paid $649,123 per acre or $14.90 per sf for the 2.85-acre parcel at the Wildwood community in suburban Atlanta. The planned five-story, 124-room Hilton Garden Inn Atlanta NW/Wildwood is slated to break ground this summer.
PRESCOTT, AZ-A Scottsdale investment group gets the 72-unit Willow Creek in Prescott and a home in Paradise Valley with one check. The 99%-leased apartment complex sold at a 9% cap rate, with monthly rents ranging from $575 to $685.
SAN DIEGO, CA-Mission Center LLC, with Chris Coseo as managing member, snaps up the neighborhood shopping center. Encompassing 163,869 sf, it stands at the northwest corner of El Camino Real and Mission Avenue.
HOUSTON-Omni Cable will stay for the short term in 14,650 sf at an Airline Drive building on the north side of town while Southern Dock Products holds onto 4,875 sf at 9065 Knight Rd. in the southern sector.
PORTLAND-The Art Institute of Portland expands its space for the third time, while new tenant PPM Energy Inc. is expected to occupy in August in the 270,000-sf mixed-use development built on the site of the former Blitz-Weinhard fermentation and packaging plant.
BOSTON-RBC Dain Rauscher Inc., a subsidiary of Royal Bank of Canada, signs a ten-year lease renewal for 75,000 sf of office space at One Beacon St. The deal is a big one for the city which continues to struggle with relatively high vacancies.
NEW YORK CITY-Benenson Capital, which will celebrate its centennial in a few years, has formed a new business unit to be its source of intellectual capital for the future.