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.
DENVER-The local Marcus & Millichap office loses senior associate Dan Grooters, a veteran of $75 million in retail investment sales, as well as sales manager Riki Hashimoto. They run the retail investment division of Grubb & Ellis' investment services group.
CARLSBAD, CA-An investment partnership known as Pacific Realty Advisors LP acquires the two-building complex from I & G Faraday Inc. The new owner plans to significantly rehab the property, which is located at 2382-86 Faraday Ave.
LEMONT, IL-Mississauga, ON-based Slater Steel Inc. pays $20 per sf for the electrical substation, water tower and pumping station, which is located on 55 acres at 12228 New Ave., from Auburn, NY-based Nucor Auburn Steel.
ATLANTA-Metro Atlanta's second largest city plans the conversion of a two-mile, commercial-heavy section of Alpharetta Street into a tree-lined, pedestrian-friendly gateway to the Fulton County city.
BOTHELL, WA-The average annual rate on the five-year, 34,302-sf deal is $24.28 per sf, or $833,000. Another 4,000 sf of office space is still being marketed for sublease, Eden CFO Brad Powell tells GlobeSt.com.
NEW YORK CITY-The 12-story property at 145 E. 57th St. houses gadget grotto Hammacher Schlemmer on four lower floors and office space above, while Sports Authority occupies the ground-floor retail space at 636 Ave. of the Americas.
SAN DIEGO, CA-Pan Pacific Retail Properties Inc., the largest shopping center REIT on the West Coast, raises its quarterly dividend 5.3% to $0.50 per share. The news comes as the company plans to sew up its pending acquisition of Center Trust Inc.
TACOMA, WA-The Ted Brown Music and Thea's Landing projects receive federal tax incentives from the Washington State Department of Community, Trade and Economic Development. Tacoma is the only place in the region to receive a special designation allowing for such credits.
PHILADELPHIA-Harleysville Life Insurance Co. becomes the first tenant at 1400 Pennbrook Parkway, a new 40,000-sf office building in the 80-acre Pennbrook Business Center in Lansdale, PA., taking 14,924 sf.
HOUSTON-The Grubb & Ellis research team in Houston pegs vacancy at 7.9% for a positive end to 2002. Houston's overall vacancy is the lowest in Texas and Oklahoma although it's still up by 66 basis points from the previous year.