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LA JOLLA, CA-La Jolla-based Equus Realty Advisors specializes in the acquisition, management and redevelopment of financially distressed commercial properties. "We expect property prices to fall further over the next 12 months as lenders take back non-performing properties and rents fall," says Equus President Chad Carpenter.
PORTLAND- Tom Usher, a senior director with Cushman & Wakefield, tells GlobeSt.com that he sees vacancy holding flat through mid-year. He also sees activity picking up, reiterating what many brokers around town have been telling GlobeSt.com since late January.
HOUSTON-Netflix, an Internet-based DVD rental business based in California, makes tracks for Houston. The key to the 4,900-sf CBD warehouse lease was finding a location near a post office for the firm's next-day delivery service.
HOUSTON-Granite Properties beefs up its Southwest Houston holdings, grabbing the deed to Willowbend Distribution Center at 11502 S. Main St. Prior to the buy, Granite owned about 1.6 million sf in 11 properties in Houston.
LOS ANGELES-The Duke Family Trust purchased a 12-unit apartment complex and an individual investor picks up The Bundy, a seven-unit property. Los Angeles' Westside continues to be among the region's best-performing multifamily markets.
TAVARES, FL-The 35-mile span from Interstate 75 in Sumter County to the Lake County-Orange County line would cost at least $22.6 million per mile to build or a total $791 million and open up thousands of rural acres for new commercial development in the three-county area. Tavares is 33 miles northwest of Downtown Orlando.
SAN DIEGO-A New Jersey-based limited-liability company has bought a mid-sized industrial structure in the San Marcos area in a deal valued at $2.93 million.
MONTCLAIR, NJ-With 25,000 sf, Apogee Networks took the largest space in the recent transactions at the newly revitalized Central Park Corporate Campus.
MINNEAPOLIS-The GMAC-RFC Resort Finance unit will provide a variety of financing to resort developers across the US. Parent company Residential Funding Corp. sees tremendous growth opportunities.
LONDON-Landlord Structadene Group, run by David Pearl, has paid Patrick Despard's City & West End Developments 29 million-GBP ($41 million) for all the parts of Percy Street, W1, that it didn't already own