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.
MINNEAPOLIS-The 18-unit complex has net rentable area of about 9,000 sf, and can generate net operating income of about $20,000, according to the US Department of Housing and Urban Development, which has foreclosed on the property.
COLORADO SPRINGS, CO-The owners of a 312-unit class-C property at 2055 Mittenwald Dr. get a 6.9% interest rate in a deal at 65% loan-to-value and hefty 1.35 debt-coverage ratio.
AUSTIN-A 132-room SpringHill Suites opens its doors at the intersection of Interstate 35 and Parmer Lane. It is the brand's third facility in Austin. White Lodging Services of Indiana is the owner and operator.
DALLAS-The non-profit's chief execs and a Dallas councilman Thursday will cut the ribbon on a 270,000-sf headquarters and distribution center in West Dallas. The project triples the space and adds services for the 1,300 people served by the non-profit.
THOUSAND OAKS, CA-The 1.1-million-sf development is the only regional mall in its trade area and is 22 miles to the east of Macerich's Pacific View Mall in Ventura, California. In separate news last week, Macerich announced a $1.475 billion agreement to acquire Westcor Realty LP.
PHOENIX-The 103-room Pinchot Suites gets a deed change for the second time in less than a year after its developer took it back from a Texas-based entity delinquent on the mortgage. The new owners will put about $300,000 into their $2.35-million purchase.
HOUSTON-Air Liquide reaps $650,000 in a five-acre sale in Houston while picking up another $40,000 for a 4,000-sf building on one acre in Gonzales, TX. Another 7.55 acres in Houston are under contract as the broker looks for takers for the portfolio's balance.
AUSTIN-Expansion in Central Texas takes the other Seattle-based coffee purveyor out of Texas airports and into shopping centers. Tech Ridge Center and West Parmer Lane are the chain's first Texas shops outside airport terminals, but not for long.
LOS ANGELES-A locally-based real estate investment and management company teams up with a Boston-based realty fund to make office investments in the Western United States. The pair hopes to acquire at least $200 million in assets per year.
NEW YORK CITY-Community Board One has fired the opening salvo in what promises to be a fierce battle over the proposed Edward J. Minskoff building at 270 Greenwich St. Board members say it's too big, too tall, and totally ill-conceived.