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.
LONDON-Quintain Estates and Development has sold a mixed-use portfolio of nine properties to GE Capital Real Estate and ICG Securities for €50.3 million.
HOUSTON-Sparkle Car Wash gets an expansion site and a local investor picks up a new holding in a one-acre sale along Milwee Street. Seller Kirk Papp plunks the proceeds into a slightly larger tract in Houston's northwest submarket.
ROLLING MEADOWS, IL-The bottler takes advantage of a sublease opportunity, leveraging its credit to get a long-term lease on 20,000 sf at below-market rates at 3075 Tollview Dr.
SARASOTA, FL-The Atlanta-based REIT paid the Jacksonville, FL-based construction firm $21.4 million or $135.69 per sf for a class A, 157,704-sf, 100%-leased office structure, five miles from Downtown Sarasota which is 200 miles northwest of Downtown Miami.
STAMFORD, CT-In a decision fueled at least in part by its pending $5.3 billion deal to acquire Security Capital Group, GE Capital Real Estate reports it has reorganized its North American business into three operating platforms.
NORFOLK, VA-Dominion Tower, the largest office building in the city at 26 floors high and with 400,234 sf of space, has been sold for $54 million. Equity Office Properties has passed ownership to the New Life Corporation of America.
NEW YORK CITY-Despite some insiders' belief that "owners will come away clean," sources predict that industry heads will roll when the valuation scandal spreads beyond the confines of the Manhattan assessor's office. Valuation discrepancies of up to 50% have been reported.
STEVENSON, WA-After spending $42 million to purchase the Southwest Washington resort in February of 2001, its new owners are deep into a $15-million expansion that will add 59 guest rooms and 15,000 sf of meeting space to the 195-room resort.
NEW YORK CITY-The bribes were allegedly made to alter values on more than 500 properties over the past three decades. Seventeen assessors were named in the suit, which reportedly lost the city upward of $40 million in tax revenues--and could reach $170 million.
LONDON-In spite of the threat of an economic downturn, turnover in the West End investment market is still in line with its long-term average, according to FPDSavills.