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.
PHOENIX-Carmelita DeLong of Phoenix trades up to the 16-year-old Spinnaker Cove from a 10-unit complex in Phoenix. The buyer gives $1.02 million to a California pharmacist who wanted to sell so he could expand his pharmacy business.
MOUNTAINSIDE, NJ-J.G. Petrucci Co., which recently bought the 33,000-sf former National Tool facility, has leased it to Union County for use as a school for disabled children.
SEATTLE-The locally-based biopharmaceutical company says in order to save $45 million over two years, it has stalled construction of a dedicated pilot manufacturing facility.
ATLANTA-Declaring JDN "more than stabilized" after his two-year tenure as CEO, the exiting executivie tells GlobeSt.com he'll help search for a successor and stay until one is found. He took JDN's reigns in the wake of a financial scandal that cost the REIT $56 million in settlements.
RANCHO DOMINQUEZ, CA-NNR Aircargo Services has signed a five-year lease valued at $2 million for 55,788 sf of space, and the Santa Monica Seafood Co. has inked an eight-year lease for 60,700 sf at about $850,000 at the Dominguez Technology Center.
PHOENIX-Larry Downey and Jerry Jacobs change their letterhead after years of being with Grubb & Ellis. The long-time partners get senior director titles with the affiliation change. It's just a fluke that it coincided with the failed G&E buyout talks.
PORTLAND-ScanlanKemperBard Cos. sells Capital West Associates Inc., acquired in March 2000, to its principals, Linda M. Lucas and George L. Bean, and says it will allow the company access to its deal flow, underwriting and debt sources.
HOUSTON-Ground will break in 30 days on the first spec industrial product in a decade at the Port of Houston's Barbours Cut. One tenant's already considering a good-size portion of the 180,000-sf first phase. Clearing begins now that the 8.2 acres are in hand.
HARTFORD, CT-The State Bond Commission approved a grant-in-aid package of $45 million for major downtown redevelopment projects in Waterbury, including a new 90,000-sf UCONN campus that is now under construction.
EVERETT, WA-The decades-old shopping center sells for $7.95 million to Asia First Inc., a Puget Sound area property management company. The facility is about 90 percent leased.