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.
BOSTON-A mid-year corporate forecast predicts that rents in the area will drop slightly and then stay flat through next year. The area is predicted to remain a tenant's market well into 2003.
IRWINDALE, CA-L'Anza Research, relocating its corporate headquarters here, signs a 10-year lease agreement for 53,050 sf of a 110,970-sf industrial building erected in 2001 and owned by Investment Development Services.
PHOENIX-The 483-unit Sunplace Apartments brings in $9.9 million for its Las Vegas seller, who is reinvesting proceeds from multifamily sales into its hotel properties. Bigelow's Desert Star is on the market for $11.9 million.
AUSTIN-Salvage experts are stacking up the sale items from the former Robert Mueller Municipal Airport. The 190,400-sf terminal is carefully being dismantled and usable parts set aside, including its two-story, 22,000-sf rotunda.
SOMERVILLE, NJ-Originally built by a local developer as an urban renewal project in the late '70s, the Main Street property is expected to be redeveloped by the new owners. Landmark Development Co. sells the complex for $12.5 million.
LONDON-A business centre ins London's Euston is now the UK headquarters for brewer Budweiser Budvar. It is paying Gainsborough Business Centres Pounds 218,550 ($318,493) over two years to provide it with 20 workstations.
BOLINGBROOK, IL-The food distributor now leases 1.4 million sf in the I-55 submarket with a 650,000-sf deal at 1450 Remington Blvd. in the Carlow Corporate Center, two months after taking over Montgomery Ward's space at Windham Lakes Business Park in nearby Romeoville.
ST. PAUL, MN-New Mayor Randy Kelly's plan would create at least 5,000 units, a fifth of them affordable to those earning 30% of the area median income. Neighborhood Sales Tax Revitalization money would be leveraged as well.