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.
GLENDALE, AZ-Ruiz Engineering of Tucson takes over a 19.69-acre tract near the Arizona Cardinals stadium site. The plan is to build 276 apartments, marking the developer's third project in three years in Glendale.
LONDON-Canary Wharf Group has confirmed its intention to add another 6 million sf of offices to its Docklands estate. The original masterplan for 14 million sf is now almost complete, but planning applications will shortly be lodged for two adjoining sites.
SAN ANTONIO-The Memphis retailer has tapped 3,200 sf at 5563 De Zavala Rd. for its first San Antonio store and 31st in Texas. Dallas' Mohr Partners and Transwestern Commercial Services' San Antonio team work out the lease details.
CHICAGO-Buyers are entering the market, while institutional investors can't find enough buying opportunities in the sector, the Real Estate Investment Association and Chicago Real Estate Council are told by a panel.
LONDON-Canary Wharf Group will return pounds 375 million ($584 million) cash to shareholders after securing more tenants for its office park on the banks of the Thames.
HOUSTON-First Industrial retains Keystone Automotive Industries in 25,200 sf at a 142,250-sf warehouse. Main Link Park Associates gets one final signing from Tanox on a 42,128-sf warehouse until its build-to-suit is done.
ANAHEIM, CA-United Dominion Realty Trust of Richmond, Va., bought the remaining interest in the 768-unit complex as part of a $17.5 million deal in which it also acquired a Long Beach complex.
EDGEWOOD, MD-Oldcastle Building Systems starts construction on a new 110,000-sf concrete manufacturing plant, which will occupy a 100-acre plot on Trimble Road. The $13 million building will replace company facilities in Curtis Bay and Odenton, MD soon after its scheduled completion next spring.
PHILADELPHIA-River Park Gardens, a 53-year-old, fully-occupied multifamily rental building on East Orange Ave. in Lancaster, PA brings the Moncrief family $1.05 million, or $25,000 per unit. The Philadelphia office of Marcus & Millichap secures the buyer, GNS Associates.
PHILADELPHIA-The office/warehouse buildings in Lehigh Valley are 96,235-sf and 64,800-sf facilities, with both filled with tenants such as Federal Express Corp., Adelphia Communications and Packaging Corporation of America.