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.
AUSTIN-Maxwell Drever writes the check for the 512-unit Limestone Ranch Apartments to its Birmingham, AL-based seller. The per unit price comes in about $63,000 or roughly $9,700 less than this year's class A per unit average.
SALISBURY, MD-Film material producer VPI/Mirrex breaks ground on a 20,000-sf expansion of its 140,000-sf film and converting plant. The $15 million, state-of-the-art addition will allow the company to triple its production.
DENVER-No submarket was able to cut its office vacancy rate in the third quarter, according to a report from the local Trammell Crow office. Direct vacancy rises nearly a full percentage point to 15.8%.
ASBURY PARK, NJ-This oceanfront city's rebirth has repeatedly been forestalled by local politics and corruption, but the latest plan, although still very much alive, must shake off allegations against the city manager.
DALLAS-Rich Flaten is on board as a director/vice president of national site acquisitions for Trammell Crow's share of the Bank of America account. The bank's development pipeline calls for 200 new locations, mostly new product, each year for several years.
ATLANTA-Montgomery, AL-based B & M Management buys the newly constructed, 168-unit Arbors at Fairview Apartments in Simpsonville, SC for $62,723 a unit from an unidentified Greenville, SC-based developer.
MIAMI-Caterpillar Logistics Services Inc. exercised its option as a tenant to buy the 300,000-sf warehouse/distribution building for $18.2 million or $60.66 per sf, then immediately sold it to Lincoln Property Co. for $11.9 million or $39.67 per sf. The parties aren't saying why the deal was done this way.
BEE CAVE, TX-Village officials are eyeing the action for a part of 161 acres in a 1,200-acre mixed-use proposal by CCNG Development Co. The master plan calls for a town center with a 510,000-sf office building and multifamily.
ORLANDO-Funeral services are today in Sanford, FL where the brother-in-law of international frozen food magnate and real estate developer Jeno F. Paulucci quietly began buying acreage 50 years ago that Paulucci used in the development of Heathrow, FL, one of Central Florida's most affluent communities.
MIAMI-The 435,000-sf open-air mall is fully rented out, with 50% of the stores open for business, including anchors Nordstrom and Neiman Marcus. Eighty-five percent of the stores are expected to be open for the holidays.