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.
IRVINE, CA-Timeshare developer MPTV of Irvine says Lake Trop LLC--its Las Vegas property between the MGM Grand Hotel/Casino and the Aladdin Hotel/Casino--filed for bankruptcy to protect itself against actions by its lender.
LONDON-Grantchester, the retail parks specialist that is currently the subject of a pounds 200 million ($308 million) bid from Hammerson has raised pounds 15.719 million ($24 million) with the sale of a 100,000-sf B&Q store in Dundee, Scotland.
DENVER-Mary Sullivan has sold more than $1.6 billion in real estate during her 22-year career at Coldwell Banker Commercial, Trammel Crow, Cushman Realty and Cushman & Wakefield. She joins Tim Swan and Ton Urgitus on the institutional investment properties team.
CHICAGO-The retail REIT's stock is yielding 5.74% per share after raising its payout. General Growth Properties chief executive officer John Bucksbaum notes the $2.88 per share will likely be less than 50% of funds from operations.
WOODLAND HILLS, CA-The Irvine, Calif.-based brokerage picks up four Told Partners brokers to open an office that will specialize in office property investment deals.
ORLANDO-Nashville, TN-based Symbion Healthcare, a national surgery center developer, and Mount Dora, FL-based GC Development Group plan to break ground by year end on a 12,000-sf outpatient surgery center at the 47-acre Lakeview Center in Tavares, FL.
DENVER-Terrance Hunt is named vice president of Grubb & Ellis' multi-housing division in its local office. "Terrance is having a breakthrough year," says Charlie Davis, managing director of the Denver office.
FORT WORTH-The done deals are buildings in Grand Prairie and Arlington and 16 acres in north Fort Worth. The Grand Prairie buyer gets a 7,800-sf warehouse on a half acre plus purchases an abutting lot for even more expansion space.
AUSTIN-Ground will break in the fall on a 29,000-sf office building at the intersection of Trinity and 12th streets near the capitol. The Texas Retired Teachers Foundation hired Reh Burwell Partners and Development 2000 to design the structure.
SHREWSBURY, MA-Town Meeting votes to acquire the 60-acre Allen Farm. AvalonBay Communities wants to develop a 300-unit residential complex on the site but the town wants to see the site--which is sandwiched between Routes 9 and 16--used for commercial space.