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.
ATLANTA-The locally based REIT sold the 29,789-sf Heritage Place shopping center in suburban Tucker, GA to Edward Larkin of Larayne Enterprises for $3.4 million or $114 per sf. Wells owns the adjacent 67,374-sf Heritage Place office building.
DENVER-Though the apartment market is sluggish, the market for investing in them isn't necessarily so. The CB brokers who are listing three multifamily properties expect that a lack of product on the market will help move these properties.
PORTLAND-The expansion nearly doubles the size of the original center, adding 407,500 sf to the original 500,000-sf facility and making it the largest convention center in the Pacific Northwest. Meanwhile, plans for a convention center hotel have yet to materialize.
GRAND PRAIRIE, TX-American Hometex has unpacked the imported soft goods' inventory and the crew has settled into its first location in Texas. With that done, the buyer has asked its brokers to find a tenant to share the building.
MIAMI-Leasing activity slowed in Q1 by 100,000 sf in Broward County to 644,000 sf compared to the previous quarter, and direct net absorption was negative 268,318 sf. A soft market is expected until the war ends and the economy strengthens.
PHOENIX-Three employees have been brought in from the Colorado and West Des Moines divisions while the fourth newcomer is a hire from the metro market. Their positions range from project engineer to assistant project manager.
VIENNA, VA-USI Real Estate Advisors Mid-Atlantic recently disposed of 500,000 sf of office space for its clients over the last six months. USI Mid-Atlantic, which is about 18 months old, achieved $6 million in property sales in 2002.
SAN FRANCISCO-The Denver-based opportunistic real estate investor brings on board on a new Bay Area director and charges him with acquiring more than $250 million worth of investment opportunities in San Francisco and the Bay Area within the next 18 to 24 months.
LOS ANGELES-The vacancy rate hardly budges in the first quarter and the median price stabilizes too, according to a Marcus & Millichap report. In the sales arena, limited supply has upped prices more than 20% in some parts of LA County.