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.
NEW YORK CITY-The Long Island-based real estate investment firm provides $87.7 million in financing for seven garden-apartment communities in six cities through Fannie Mae's DMBS program. The borrower plans to refinance one more asset and is in acquisition mode.
MARLBOROUGH, MA-Acosta Sales and Marketing Company's regional headquarters at 130 Lizotte Dr. in the Lake Williams Corporate Center nails down its financing. The broker involved tells GlobeSt.com that the investor was attracted to the deal because of the stability of a single-tenant building.
MIAMI-Miami still lags behind the nation in rebounding, as well as behind last year's occupancy and rate levels. Meanwhile, the future looks uncertain in the eyes of industry experts.
MIAMI-Net income was $5.1 million or 13 cents per diluted share compared to $3.3 million or eight cents per diluted share in the Boca Raton, FL-based company's final period ended June 30.
SOUTHFIELD, MI-The 2-million-sf retail mall, the 12th-largest in the US, has age and image problems working against it. GP Northland Center LLC of Maple Shade, NJ works to turn that around, as well as shore up an 85% occupancy rate.
LOS ANGELES, CA-Formerly with Cushman & Wakefield, Pellerito moves to Julien J. Studley Inc.'s Downtown L.A. office as senior managing director. Studley has been courting him "for quite some time.
MIAMI-The Boca Raton, FL-based firm has named Ashley Barrett Bloom vice president as it expands its local and regional operations. Capitol's Arkansas subsidiary, Capitol Development of Arkansas Inc., has left Chapter 11 after paying off secured creditors a total $7 million.
ORLANDO-Landesbank Sachsen of Dusseldorf paid the Raleigh, NC-based developer $38.5 million for the seven-story, 205,280-sf, 95%-leased property in the Rocky Point submarket of Tampa, FL, 80 miles west of Downtown Orlando. It's one of the largest office deals this year in Central Florida.
ORLANDO-Westgate Resorts, the timeshare development arm of entrepreneur David A. Siegel's Central Florida Investments Inc., paid an estimated $110,000 per unit for the 25-year-old, 46-unit property near the center of Miami Beach at 3611 Collins Ave., area brokers tell GlobeSt.com on condition of anonymity.
DALLAS-A Dallas CBD tenant will move from temporary space into 16,668 sf at Occidental Tower while a suburban tenant heads closer to town, coming from the far north to Park Central I and a 6,823-sf office.