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.
NEW YORK CITY-W.P. Carey is combining its non-traded trusts Corporate Property Associates 10 Inc. and Carey Institutional Properties Inc. The surviving company, CIP, will have assets in excess of $700 million.
DEER PARK, TX-Bechtel Equipment Operations will be moving into a suburban office/warehouse positioned on 2 1/2 acres in Deer Park, a growing industrial town positioned 20 miles southwest of Houston.
ORLANDO-In a shakeout that began almost immediately after 9-11, the 20-year-old, 84-room Thriftlodge was sold at auction by Ballardin Enterprises Inc. for $16,667 per room, or about $23,000 less than the current estimated replacement cost.
NEW YORK CITY-Good Jobs New York lambastes city and state mechanisms for meting out Downtown redevelopment funds. Lack of accountability, the absence of an affordable-housing requirement and a big-business cash grab are the group's major concerns.
MINNEAPOLIS-The 10-story, 111,000-sf emergency housing facility offers 99 emergency housing units and 10 transitional housing units. The address changes to 614 S. Third St. after a $7-million renovation by BorSon Construction.
OAKBROOK, IL-The 10 new tenants in the first quarter is ahead of last year's pace, company officials note. So are earnings per share at 28% over the first quarter of 2001. Submarkets are generally firm across the area.
CHICAGO-President, chief executive officer and trustee Timothy H. Callahan resigns from the largest US office REIT for "personal reasons." Chairman Samuel Zell is in charge until a transition committee finds a successor.
OAKBROOK, IL-Already in the middle of developing the 1,248-acre CenterPoint Intermodal Center in Elwood, IL, CenterPoint Properties Trust is managing construction of Union Pacific Railroad's $181-million, 1,230-acre intermodal facility in Rochelle, IL.
SAN ANTONIO-A 10-year tenant holds on to its 36,750-sf spot in San Antonio's northeast submarket. CSI/Crown Inc. leases the site from the Utah Retirement System in a Grubb & Ellis and REOC Property Services-structured deal.
GILBERT, AZ-Noffsinger Manufacturing is the new owner of the 91%-occupied, multi-tenant Baseline Professional Plaza at 2451 E. Baseline Rd. in Gilbert. The buyer assumed a 15-year amortization on a $2.6-million loan to complete the sale.