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.
DES PLAINES-A 145-room Comfort Inn in this northwest suburb commands a $7.875-million purchase price, while a 59-room Holiday Inn Express in south suburban Markham fetches a winning bid of $1.275 million at a sale held by Sheldon Good & Co. Auctions.
LONDON-The Berkeley Group is to build another 46,500 sf of speculative retail and restaurant space at Gunwharf Quays in Portsmouth after agreeing a pre-let with Express by Holiday Inn for a 130 bedroom limited service hotel.
CHERRY HILL, NJ-The building will be converted into a Hindu temple and cultural center. NAI Mertz, the buyer's rep in the sale, is also marketing a 36,600-sf industrial building nearby.
MIAMI-The $5 million, 17,582-sf project in Miramar, FL connects the two companies with an interior walkway. Walgreen's is 14,382 sf; the bank's renovation total 3,200 sf. Walgreen's and First Union plan similar designed-projects elsewhere in the state.
STONEHAM, MA-KinderCare Learning Centers Inc. continues its local expansion efforts as the Portland, OR-based company plans to open its 25th facility in the state at 136 Franklin St. The company just opened a center in Peabody, MA last year.
TROY, MI-Plans for a medical office at Livernois Avenue and South Boulevard is approved by the city council, while two condominiums projects are going through state hearings for wetland waivers.
TRACY, CA-Specialty retailer Crate and Barrel will double its warehouse capacity this fall when it moves into 261,000 sf at ProLogis' Patterson Pass Business Park. The warehouse includes 3,000 sf of office space.
AURORA, IL-Color Caulk Inc. buys the building at 1105 S. Frontenac Rd. from Shorr Packaging, consolidating operations spread out between three properties. Two other buildings along the street greet new tenants.
AUSTIN-The east Austin facility applied for a zoning change to serve liquor, but was stopped short after neighborhood residents protested alcohol sales there, claiming the property is too close to a local elementary school.
LONDON-The underperformance of the office markets in London and the South East of England is dragging down the whole UK office sector, according to Insignia Richard Ellis. Central London office rents fell by 10.9% in the year to July 2002, while capital values fell by 5.7%.