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.
AURORA, IL-The $96-million Chicago Premium Outlets is expected to produce a 13% return for co-developers Chelsea Property Group and Simon Property Group, Inc., who also are developing an outlet mall in Las Vegas.
SAN JOSE-The moving and storage company signs on for another five years at Brennan Distribution Center, where it started with a 115,000-sf sublease in 1999. The company plans to consolidate all its San Jose operations at the center.
WILMINGTON, MA-Sealed Air Corp. leases 29,950-sf of warehouse and distribution space at 80 Industrial Way. The company, a global supplier of protective and specialty packaging, will use the space for the warehouse and distribution of its products to customers in the Northeast.
SOUTHFIELD, MI-Ramco-Gershenson Properties Trust wants to buy out partners in Madison, WI and Toledo, OH shopping centers as well as a vacant Kmart store in Naples, FL. The $25-million borrowing also will pay for redeveloping other assets.
PHILADELPHIA-Although third-quarter office market data shows a drop of $0.11 per sf in asking rental rates, the vacancy rate held at 15.7%, and sublease space availability is slowing, suggesting the worst is over, according to Grubb & Ellis research.
AUSTIN-The Milpitas, CA-based electronics manufacturer has moved into the warehouse space, signing a two-year lease for the site. The key to the deal is the 36-foot clear height at the north Austin building.
DALLAS-A well-heeled German family gets a 40,250-sf office building, a 12-year tenant and an option to buy more in a high-growth area. Centex, in turn, gets an immediate exit strategy for future product on its land mass along Texas 121.
ASHBURN, VA-Moorefield Station moves closer to reality as developers plan to present their multi-million dollar mixed-use development proposal to the Loudoun County Board of Supervisors in December. Ultimately, the 600-acre project will yield 6,000 residences and 9.5 million sf of retail and office space.
CHICAGO-The REIT's recycling program involves disposing of 31 properties in 11 markets. Asking price for the package shopped by CB Richard Ellis' net-leased properties group is $151.2 million.
MONTVALE, NJ-The signings fill up one of the company's Garden State properties and involve four office buildings in the northern and central parts of the state.