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.
MESA, AZ-The Portland, OR investor sells in his hometown, buys in Mesa and plans a relocation so he can manage the property, the Penny Lane Apartments at 544 E. Southern Ave. The cash on hand delivers a closing in 45 days for the California seller.
PAWTUCKET, RI-A $3.8-million first mortgage is secured for Commerce Park at 100 Freight St. The property consists of an 85,000-sf office building with 420 parking spaces. It is 100% leased to PFPC Inc., a subsidiary of PNC Bank.
THE WOODLANDS, TX-Thomas J. D'Alesandro IV starts Monday in a role that's been vacant since Sept. 18, 2002, when the operating company's top exec retired. With the new leader coming, the Woodlands also promotes three to senior vice presidencies.
FORT WORTH-The newest deals take two more buildings to 100% occupancy. A recast medical products business, nearing lease expirations from a merged operation, is planning a May move while the other comes on board April 1.
SAN DIEGO-German investment firm TMW Real Estate Group recapitalizes The Currie Partners' 190,000-sf Rio San Diego Plaza office building. The deal includes structuring a long-term holding period for the office facility.
IRVINE, CA-The restaurant chain's development and design group is unpacking in the Mitchell Street office building in a relocation that added about 5,000 sf for the team. The office lease, valued at $800,000, has a five-year term.
THE WOODLANDS, TX-A Houston favorite, Beck's Prime Eatery, buys 1.7 acres at Grogan's Mill Village Center in a plan to open a 2,800-sf restaurant in the fourth quarter. Elsewhere in the Woodlands, a salon chain opens doors on two more shops.
SANTA ANA, CA-The real estate investment firm, owner of shopping centers valued at about $300 million, expects to boost that value above $500 million by midyear. The 2003 strategy also calls for up to $50 million of industrial buys.
WASHINGTON, DC-After eight years in the office building at 1155 21st St., the Commodity Futures Trading Commission, renews its lease by signing a new 10-year agreement. The company has 162,000 sf in the 260,000-sf building. The deal also gives CFTC the option to expand within the structure.