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.
OAKLAND-In an all-cash transaction, Berkeley-based Elmwood Realty acquires the Grand Lake Terrace Apartments in Oakland for $112,385 per unit. The property was 95% leased at the time of sale.
MUNDELEIN, IL-The six-building, 228,000-sf office complex on 11 acres at 421 E. Hawley St. could be used as office or industrial space, Century 21 Sussex & Reilly Commercial Properties brokers say, or even redeveloped as multifamily.
ORLANDO-Acting as trustee for separate trusts, Daryl M. Carter, president of Maury L. Carter & Associates Inc., sold 3.6 acres in Seminole County for $1.23 million and purchased an 18,900-sf industrial building in Downtown Orlando for $720,000.
BEVERLY HILLS, CA-The technology firm buys the 124,000-sf, neo-Georgian landmark for an undisclosed sum, but it's believed to be around $50 million. No date has been set for the move-in, but it's expected to be some time since some upgrades are planned.
LAGUNA NIGUEL, CA-Birtcher Real Estate Group's property services unit now becomes Birtcher Anderson Properties, recognizing longtime co-chairman Bob Anderson. The name change goes into effect immediately.
MIAMI-Several leasing deals over the past few months have raised the building's occupancy to almost 96%, high for the area. The leases total more than 63,000 sf and are worth approximately $15.2 million.
CHARLOTTESVILLE, VA-Equity REITs keep the real estate industry ahead of the investment game in the first quarter of the year by outperforming the S&P 500 by nearly 4.5%. Retail REITs scored the best for the first three months of 2003, showing a 7.7% return increase.
MIAMI-Architect Jaime Schapiro of Schapiro Associates and Suffolk Construction Co., as the pre-selected general contractor, will work on the $22 million-plus luxury condominium development, The Atrium at Aventura, which is scheduled to break ground this summer.
MORENO VALLEY, CA-The 330-unit complex will convert to market-rate rents from partially market-rate and partially rent-controlled. A New York City lender uses Fannie Mae to turn a loan with 5.5% interest rate.