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.
HOUSTON-Sebring Capital Mortgage lines up 5,446 sf in the Westchase submarket while Martin Resource Management heads into 4,099 sf in River Oaks. Zenith Real Estate Services owns both buildings.
PORTLAND-The seller acquired half the building four years ago for $11.07 million. The building is 95% leased, although the federal Bureau of Land Management has vacated 80,000 sf for which it is still paying rent.
SOMERVILLE, MA-The dispute over the development of a 175,000-sf Home Depot in the Assembly Square Mall will finally have its day in court, after mediation failed between developer Assembly Square LP and Mystic View Task Force, a local activist group opposing the development.
EDINBURGH, IN-The 305,000-sf Edinburgh Center here is sold to Chelsea Property Group, Inc. for $27 million, allowing Baltimore-based Prime Retail, Inc. to make a principal payment on its $90-million mezzanine loan. Another $8.9 million comes due May 1.
FORT WORTH-A private investor swaps out a 25,000-sf, multi-tenant retail center in Los Angeles for a newly opened 14,490-sf Walgreen's drug store in Fort Worth. More than $3 million or 77% of the purchase price is borrowed.
EATONTOWN, NJ-The funding will pay off an existing construction loan on the 48,000-sf class A property, developed and owned by the locally-based Donato Group.
NOVATO, CA-The 89,000-sf office development, considered integral to the revitalization of Downtown Novato, is slated for completion by the end of the year.
LARKSPUR, CA-The Marin Community Foundation has allocated more than $2 million in grants and nearly $1 million in loans to fund three new affordable housing projects throughout the North Bay, including 34 units ate the former Hamilton Airfield.
LONDON-Insurance giant AON has consolidated its holdings in the Cutlers Gardens complex in the City of London. It has already taken an additional 13,000 sf and it has another 20,000 sf under offer. Insignia Richard Ellis is advising.
ORLANDO-William Franklin "Frank" Billingsley III, who has moved around from Chamber of Commerce positions to city posts to private industry, is back in the private-public sector as executive director of the Downtown Development Board. He replaces Tom Kohler who left to enter the private sector.