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DENVER-The upscale hotel takes the entire top floor of the 172,978-sf class-B building for about $15 per sf, with the lease extended 49 months. Hotel Teatro subleases from Matrix Bancorp Inc.
SUGAR LAND, TX-The drug store chain acquires a tract at a main intersection in the community of First Colony in Sugar Land. The plan is to unlock the doors in December on the retailer's 12th Texas location.
ORANGE, CA-The locally based provider of title insurance services declares a five for four stock split, which will be effective on July 18, 2002. The company's CEO says the stock split is being implemented to reward current shareholders, as well as encourage new investors.
PARIS-The German open-ended property fund Deutsche Grundbesitz Investmentgesellschaft has bought the 200,000-sf Antony Parc office development in Antony, to the east of Paris.
SACRAMENTO-A $2.6-million loan has been approved by the Sacramento County Board of Supervisors to help a developer clean up a blighted area in Sacramento, which will hopefully attract new investors.
LONDON-Specialist retail warehouse investor Grantchester has sold its 200,000-sf development at Parkhead Forge, Glasgow for over Pounds 39 million ($60 million).
SEATTLE-A forest products company has sold a Class A office building to private investors for $8.7 million and then leased back the building for five years.
AUSTIN-The city council, meeting until 3 a.m., adjourned without a decision on the 1,235-acre project in South Austin. Elected officials return July 11 for more community input on the Austin-based developer's plan.