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PHOENIX-CB Richard Ellis brokers across the board are playing it safe and saying metro Phoenix will follow suit with the rest of the nation as conditions look to improve at midyear. Office vacancy could reach 19% before a rebound takes root.
QUINCY, MA-A US bankruptcy court judge here dismisses the reorganization plan for the 130-acre Fore River Shipyard here proposed by the property's former owner, Massachusetts Heavy Industries clearing the way for the US Maritime Administration to sell the property.
CHICAGO-The Internal Revenue Service adopts Tax Strategies Group, LLC's procedure for selling fractional interests in commercial real estate properties involved in 1031 exchanges as a "safe harbor" for other companies to follow.
DENVER-A team formed by Simpson Housing Solutions LLC and the Alliance Property Group Inc. competes against former Denver Bronco Claudie Minor for the right to build a $150-million-plus mixed-use Denver Housing Authority housing project.
MINNEAPOLIS-Shareholders will receive $9.15 per share from the developer of multifamily housing in the Twin Cities, Des Moines, IA, and Tampa, FL. The company is now owned entirely by the Rotter family.
ANN ARBOR, MI-The school buys the 84,000-sf facility for $7.5 million to meet a bar association requirement, then renovates the building for 21st century use through tax-exempt municipal bonds through the Michigan Higher Education Facilities Authority.
ATLANTA-The fast-food chain has signed the North Carolina furniture and furnishings company to a 10-year, 12,518-sf contract valued at an estimated $1.87 million. The property is at 730 Holcomb Bridge Rd.
ATLANTA-The $900 million Memphis, TN-based general merchandise retailer is scheduled to break ground in April in Dublin, GA, 100 miles southeast of Downtown Atlanta. The distribution center will handle products for Fred's 385 stores in the Southeast.
NEWPORT BEACH, CA-James and Lorie Collins, private investors located in Newport Beach, have purchased a nine-unit apartment complex on Balboa Peninsula Point for $179,000 per unit.
MIDDLEBOROUGH, MA-The town puts out a request for proposals for its 120-acre Guidoboni/Soule Farm located here on Soule Street, although a town representative tells GlobeSt.com that city does not want to see the site developed.