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.
ISELIN, NJ-The infotech company will use its 46,000 sf of sublet space at Metropark as its second business continuity/disaster recovery center in the US. Prudential is the sublessor.
ATLANTA-The locally based owner/operator of 11.3 million sf of gross leasable area in 20 states posted first-quarter net income of $6.4 million or 19 cents per share versus $13.1 million or 40 cents per share for the first three months in 2001.
PASADENA, CA-California School of Culinary Arts has signed lease for 4,921 sf of office space here at the Pasadena Hilton Office Tower. The term of the lease is for five years. The space will be used for a cooking school. Total consideration for the lease was $627,000.
ORLANDO-Three of five elected officials in this city of 16,000 permanent residents, 30 miles northwest of Downtown Orlando, now want Florida Hospital Waterman directors to continue talks with Los Angeles seniors housing developer Dream Harvest Inc., instead of demolishing the five-story, 325,000-sf building when it ceases operations next summer.
ROCHESTER, NY-Despite a weak economy, apartment owner and operator Home Properties reports it recorded a 23.5% increase in earnings during the first quarter of this year.
DENVER-Craig Nassi's deals with Chicago-based Corus Bank and Lend Lease is a tale of perseverance to obtain $105 million to build the 200-unit, French-baroque style condominium tower.
SAN BERNARDINO, CA-Bruce and Judy Kao pay $1.1 million for the apartment complex, which stands at 1334 and 1343 N. Arrowhead in San Bernardino. Investors continue to eye multifamily product in San Bernardino County, as the region's steady rise in population and relatively low unemployment rates provide a stable base of tenants.
HOUSTON-A confidential source tells GlobeSt.com that Ford has signed a 10-year lease for part of a 644,000-sf distribution building at Alamo Crossing Commerce Center. More deals are imminent, the insider confides.
HOUSTON-Pro-Tech Laundry Systems signs for 7,500 sf of showroom and warehouse space at Houston's Astro Business Center along Knight Road. A broker on the deal says the firm relocated to be closer to its clients.
PRINCE WILLIAM COUNTY, VA-Pharmaceutical manufacturer Eli Lilly and Co. will build its newest insulin manufacturing plant in the County's Innovation @ Prince William office Park. Upon its estimated completion in 2007, the plant will house more than 700 employees.