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.
ORLANDO-The 400 members of Teamsters Local 385 are pinning their hopes on a federal mediator to determine if a new three-year contract that doesn't guarantee a 40-hour work week is legal. The workers say they will strike without a contract.
COSTA MESA, CA-A private investor acquires the 10-unit property, which consists of detached two-bedroom homes. Each home has an enclosed single garage and a private yard.
AUSTIN-The law firm of Akin, Gump, Strauss, Hauer & Feld completes its move into the 444,000-sf CarrAmerica project in the CBD. At 87,000 sf, the firm is the lead tenant. An 85,000-sf tenant already is in and others around town are lining up their moves.
DALLAS-With the renovation done on the 232-unit Eastfield Village, it was time to refinance, says the loan originator. The 96%-occuped complex secures a 10-year loan at a fixed rate. AmeriSouth took the deed about 18 months ago.
CHATHAM, NJ-The firm will market and lease a 500,000-sf Arcadia/PREI joint venture industrial building and a number of other assets in the Lehigh Valley area of the Keystone State.
PORTLAND-The outdoor gear chain's long-term lease deal for a planned building between Johnson and Kearney streets also should spark other redevelopment projects on the restaurant-heavy Pearl District's west end, which abuts Interstate 405, providing good freeway visibility.
NEW YORK CITY-Newly formed Normandy Real Estate Partners snags its first Manhattan office asset in the low to mid-$400s per sf. The buyer says 1370 was being pursued by those squeezed out of the 450 Park Ave. buy. Normandy bought the asset in partnership with Scott Landis.
DENVER-Steve Hager brings a brokerage background as well as experience working in development for an owner/builder to his new post as director of Cushman & Wakefield of Colorado Inc.
LAS VEGAS-A San Francisco-based investor takes control of a 252-unit complex along West Hacienda. Built in 1999, the complex was about 91% occupied at sale time. The complex sold at an 8.6% cap rate.
MESA, AZ-Officials are getting ready to unveil the newest changes to the 30,000-sf Desert Vista Medical Center. Crews have been working under a 180-day fast-track schedule. All is on target for the mid-April delivery.