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.
DETROIT-State and local loans will help the 84-year-old office building, which housed the headquarters of the company that later became Kmart, become 119 multifamily rental units with retail space on the bottom floors.
DENVER-Decrease in revenue from operations in San Francisco, Chicago, Seattle and Boston drag down earnings for one of the largest US multifamily rental REITs. Curing mold problems in a Southeast Florida high-rise also hurts the bottom line.
PHOENIX-The 248-unit complex offers the drawing power that made it worth putting together an investment group for the class A buy. Built in 1992, the complex sports access to recreational areas, shopping and freeways.
CHICAGO-A Loews movie theater complex in Streamwood and a 30,000-sf medical office building in southwest suburban Olympia Fields will be auctioned Nov. 6 by Sheldon Good & Co., along with a 1.83-acre commercial site in Willowbrook.
DENVER-Only 16 leases have been signed in the submarket through September, report Grubb & Ellis industrial brokers Murray Platt, Doug Viseur and Todd Witty, down from 35 in 2001 and 39 in 2000.
CEDAR PARK, TX-Carolville Ltd. donates 42 acres for a community sports and entertainment complex, as well as $550,000 toward road work. The city kicks in $400,000, but still to come is a needed bond vote. Election day is Nov. 5.
ORLANDO-Altamonte Springs Investments LLC principals Michael B. Vlass and James F. Jacoby cancel plans to construct a $16 million multiplex cinema because the project would be only a mile from the 18-screen theater AMC Entertainment Corp. plans to start building Nov. 13.
HOUSTON-Standing as collateral are the 318-unit Keegan's Mill and 132-unit La Maison. The Houston complexes leverage a refinancing package with pull-out options when rent or occupancy increase.
MIAMI-The planned $35-million, 580,000-sf complex will consist of 169 apartments, 30,000 sf of office space, 30,000 sf of retail space and a 470-space parking garage. The project is expected to be completed in May 2004.
HOPKINTON, MA-The purchase of a 250-acre parcel on Fruit Street near Route 495 and the Massachusetts Turnpike is approved by Town Meeting. Plans for the site include a school, municipal wells, a Department of Public Works building and possibly some multifamily housing.