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SAN ANTONIO-Vacancy has climbed, but there's optimism on the horizon with the increased activity of late, says REOC Partners. Overall, the market is now 20.4% vacant due in part to 219,000 sf coming to market in Q1.
HOUSTON-The city is in the most enviable position of all Texas metropolises. Industrial vacancy for the first quarter measures just 8.2%. Even more impressive is the absorption of 652,353 sf despite two million sf of delivery.
SACRAMENTO-Developers Paul Petrovich and Steve Gidaro are evaluating plans for auto mall that could include retail stores and a hotel on a large site at Interstate 5 and County Road 102.
PORTLAND-The property is 80% leased to two tenants, Mattel Toys and First Tennessee Bank, both of which are on 10-year triple-net leases. The seller of the project was Wolfe-Gang Partners LLC with Tod Thorpe as managing member.
PHOENIX-Superior Hardwoods will be relocating into an EastGroup Properties warehouse that's now 73% occupied. The incoming tenant has signed a $1-million pact for 56,000 sf at 616 S. 55th Ave.
MINNEAPOLIS-The first Avanza store has opened in Denver, but the Minneapolis-based food retailer and distributor plans to expand to meet a fast-growing market of 35 million US citizens.
TUKWILA, WA-The state's largest shopping mall recently got new owners. Now it has a new name--Westfield Shoppingtown Center. The name change became official when the deal was finalized last week.
WASHINGTON, DC-The Franklin Square North office building moves forward with Monument Realty and Prudential Real Estate Investors' acquisition of the plot of land where the structure will eventually sit.
MIAMI-The high-end leisure resort operator posted net income of $16.21 million or 40 cents per diluted share for the third quarter of fiscal 2001 that ended March 31. The company did $26.6 million or 64 cents per share in the comparable 2000 period.