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ADDISON, TX-Buyer Post Properties gets full ownership, except for some "for sale" condos, in the 80-acre project. Seller Gaylord Properties of Oklahoma City gets out from under $15.3 million in debt and Post gets a "going in" FFO of 8.9%.
BOSTON-Despite rising vacancies here, P&O Properties' Boston Wharf Co. is bringing its 111,000-sf building at 300A Street to the market. The company began renovating the former industrial/warehouse building about five months ago.
ORLANDO-Most deals are being done in the 5.5% to 6% range with big interest savings to buyers, Todd Cohen, vice president/manager, Florida operations, Primary Capital Advisors LC, tells GlobeSt.com.
SAN DIEGO, CA-The vacancy level in San Diego's flex market increased slightly from 14.9% in second quarter 2002 to 15.3% in the third quarter, while availability contracted from 16.9% to 15.4%, according to recent research by Insignia/ESG.
SCOTTSDALE, AZ-In a unanimous balloting, the council elects a trio of top executives and founders loaded with credentials in the biotech, environmental and plastics fields. The winners are Michael Berens, Brian C. Hageman and Dave L. Larson.
HOLLYWOOD, CA-With plans for a new shopping center, Champion Development Group buys the former television studio at Sunset Boulevard and St. Andrews Place. It was previously owned by Telemundo Communications Group.
NEW YORK CITY-Developer Donald Trump might beef up his claim against the city and tells GlobeSt.com that a review of assessments in other properties is in the works.
AUSTIN-Global Relationship Centers has bought a private retreat near Lake Travis to possibly develop a campus for its human relationship training courses. The property practically abuts the firm's existing one-acre facility.
HOLLYWOOD, CA-The Motion Picture Hall of Fame will lease 50,000 sf at the 6300 Hollywood Blvd. building, which occupies one of the film community's storied intersections. The building is owned by Meringoff Equities.
RANCHO SANTA FE, CA-The locally based bank holding company, which derives it income mainly from the interest received on real estate, commercial and consumer loans, announces consolidated operating income of $4.62 million or $0.38 per diluted share.