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.
SAN ANTONIO-Praedium Group's desire to vacate San Antonio is a windfall for Shreveport, LA-based Sealy & Co. The 14-building, one-million sf portfolio carried a $26-million asking price, although the sale value was not discussed.
CHICAGO-Three major tenants are in negotiations to sign leases on a total of 1 million sf, while Higgins Development Partners LLC has its choice of lenders for the project on 1.4 West Loop acres owned by the Pritzker family.
ROMULUS, MI-Distribution facilities and a mixed-use project should become more popular now that a new 99-gate terminal is done, says Nemer Property Group's owner and president.
DENVER-The December opening of Black Hawk Casino by Hyatt is credited with the state's 43 casinos generating a record $63.6 million in net proceeds in March. Black Hawk's 20 casinos post the lion's share.
ORLANDO-Robert W. Wagner heads the Clearwater, FL-based firm's property management division in Fort Myers, FL, 120 miles south of Downtown Orlando. Wagner leaves Miromar Development Corp., Bonita Springs, FL where he was senior leasing executive.
GREENWICH, CT-Starwood Global Opportunity Fund VI, Starwood Capital Group's newest fund, has assembled a portfolio of assets valued at $485 million, which represents roughly $145 million of investor capital.
NEW YORK CITY-Bear Stearns says the resignation of Timothy H. Callahan from Equity Office Properties Trust may have a short-term impact on that company's stock price, but claims that it will not affect EOP's mid- to long-term prospects. As a result, Bear Stearns will not change its stock valuation of the company.
NORFOLK, VA-After nearly three years on the market, the 14-story, class A Main Street Tower finally gets a new owner in BGK Properties. The asking price for the high-rise as of a year ago was about $18 million.
CHICAGO-A $4-million loan from Housing Investment Trust, the union pension fund, helps Hearts United Community Development, the Bonheur Corp. and local churches build their 53-unit Leontyne multifamily project in the Bronzeville neighborhood.
MOUNT VERNON, VA-An $85-million museum and orientation center is in the works for George Washington's Mount Vernon Estate and Gardens. Official plans will be announced on April 27 and work on the 50,000-sf endeavor is scheduled to commence in 2003.