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HOUSTON-The big box fallout finally surfaces in the market, with second-quarter numbers down significantly. O'Connor & Associates says it's not all that bad. Besides, the call is the third quarter will bring change.
PORTLAND-An article this week in Oregon's major daily newspaper says rumors are circulating that the 1.2-million-sf mall is being sold. The regional mall's owner, not quoted in the article, tells GlobeSt.com it's "not marketing the property.
BEAUMONT, TX-Shoe Carnival is making plans for an October opening in 12,000 sf at Dowlen Town Center in Beaumont. In Houston, a trio of doctors takes 5,040 for a physical therapy and rehab center.
SALEM, OR-In addition to the 30,000-sf conference center, the Salem Center project includes a privately-owned 185-room hotel and underground parking for 300. Construction is scheduled to begin in April 2003 and finish a year later.
AUSTIN-Another 114,000 sf is on the sublease market as Charles Schwab & Co. announces the call center shutdown at Research Park Plaza's Building 1. Three hundred local jobs will be lost and 75 admin positions in four other cities.
WHITE PLAINS, NY-Caspi Development of Purchase, NY has acquired the two-building office complex at 235-245 Main St. here from Reckson Associates Realty Corp., for $18.5 million.
DALLAS-Some are well-known dealmakers and others are behind-the-scenes players, but all are providers of vital services to keep the industry rolling. The "new deals" bring face changes at FirstWorthing and Insignia/ESG's Dallas team.
GAYLORD, MI-Chicago auctioneer Sheldon Good and Co. says the 1,100-acre Otsego Club and Resort comes with planned unit development in place that includes permission to build 1,200 units.
SEATTLE-The locally-based brewer capitalizes on a lease expiration and plans to move into vacant space at its Woodinville facility. The move from Fremont to similar-size, company-owned digs is expected to take place before November 2002.
ORLANDO-Embarrassed elected officials are asking the Florida Department of Law Enforcement today to investigate a two-year-old land deal in which locally based Forte-Macaulay Development Co. purchased the dirt for $1.2 million or 40 cents per sf and sold it the same day to the county for $7.25 million or $2.45 per sf. Melbourne, a space industry hub, is 50 miles south of Downtown Orlando.