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.
PORTLAND-Developers John Carroll and Homer Williams will pay $3.68 million for the 40,000-sf site that Safeway currently occupies and, when the grocer moves to a neighboring property, develop a full-block, 18-22-story condominium tower with at least 180 units and 10,000 sf of ground floor retail.
SOUTHFIELD, MI-Toronto-based Onex Corp. and Oaktree Capital Management, LLC buys the rest of shares of Star Theatres for $110 million. Current owners Jim and Barrie Loeks will stay on until Loews Cineplex takes over in July.
LANSING, MI-Michigan Attorney General Jennifer maintains questions about a tribe's claims to property should force a halt to a transfer of 219 acres for $2.2 million, about 15% of its value.
SAN JUAN CAPISTRANO, CA-General contractor Wermers Multi-Family Corp. wraps up repairs on Mesa Vista North, a complex developed by Mesa Vista HOA. The project involved structural repairs, a new roof, exterior painting and street and foundation repairs.
SAN ANTONIO-Scania USA takes 4,300 sf on a short-term basis as its broker scouts for larger accommodations. The firm, a division of Sweden-based Saab, has been a San Antonio tenant for three years.
CHICAGO-The Indianapolis-based retail REIT extends its unsecured credit facility for three years with an option for another year at its choice. A group of 28 lenders is involved.
ORLANDO-The retirement home paid $2.1 million or about $48.20 per sf for a one-acre tract that formerly housed the Central Church of the Nazarene at 400 E. Church St in an area bounded by government and commercial offices.
LONDON-Troubled construction group John Laing has finally found a bidder for its property division. Kier Developments--a joint venture between Keir and Bank of Scotland--is to buy Laing Property.
ORANGE, CA-Buchanan Urban Investors and Rawson, Blum & Leon have snapped up the regional shopping center. The pair plan to renovate the complex, which was 89% leased at the time of sale.
PORTLAND, OR-Locally based Fog Cutter Capital Group Inc. reports that a company it acquired with other investors has sold an 84,000 sf shopping center in Liverpool, England, for $12.9 million.