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DETROIT-Loss of confidence about economy and the prospect of war are causing more plants to empty, according to Grubb & Ellis' latest report on the industrial sector. But the real estate firm expects upturn at end of year.
HOUSTON-The reality is Houston's market has declined although it is outperforming its peers. Investment sales are down, deliveries are up. Rent is at a record high, but the increased costs are undermining owners' take-home pay.
DETROIT-Loss of confidence about economy and the prospect of war talk are causing more plants to empty, according to Grub & Ellis' most recent report on that sector. But real estate firm expects upturn at end of year.
MIAMI-Cruise Logistics has signed a 59,700-sf lease, Perry Manufacturing leased an additional 23,676 sf, MDA LLC renewed its 7,000-sf lease, and Center Bros. renewed its lease for 3,500 sf in industrial deals valued at more than $2.3 million combined.
PORTLAND-The 4.84-acre parcel, to be acquired for $845,000, is the last of four being gathered by the Port to accommodate possible future growth of the airport and to provide a buffer between the airport and the business community developing on its northeast border.
MIAMI-Now the North Miami Beach, FL-based REIT owns 180 properties totaling about 18.4 million sf in 12 states. Shareholders from both companies officially approved the union yesterday. The company will be called Equity One.
LITTLETON, CO-The South Broadway Medical Center has opened in southwest Denver boasting a comfortable and inviting environment with glass atriums and a fully equipped wellness center.
POMPANO BEACH, FL-William V. Kane bought the 25,249-sf Pompano Medical & Professional Center from Pompano Medical Professional Center Ltd. for $86.14 per sf. The building, at 50 N.E. 26th Ave., is 100% occupied.
NASHVILLE-The firm, to be called Coldwell Banker Commercial Acumen Realty, will be led by Nancy McGrath, a 15-year industry veteran and CBRE alum who began her career as a senior-housing specialist
LA JOLLA, CA-The federally chartered savings bank inks a five-year lease renewal deal for office space in the La Jolla Bank building, where it has been a tenant for the past 10 years.