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ROSEVILLE, CA-The Roseville Arts Center has given up on renovating a historic theater, saying that the Sept. 11 attacks have negatively affected donations and the city's funding.
NEW YORK CITY-Pork processor Smithfield Foods sells its Philadelphia plant to cased-meat company Pennexx Foods Inc. Smithfield, with offices here and in Virginia, owns 50% of Pennexx.
LOS ANGELES-Investment bank Chanin Capital Partners and Cohen Asset Management launch St. Pierre Real Estate Liquidity Fund, which will invest in individual properties priced between $3 million and $20 million and portfolio's up to $200 million.
NEW YORK CITY, NY-Ernst & Young predicts 2002 to be a watershed year for opportunity fund investments, continuing the record-setting trends of last year. The sector stands to raise in excess of $50 billion and become the most financially powerful commercial real estate arena globally within several years.
DALLAS-The property owner backs out of leasing duties for the 96%-occupied, class A structure and awards the contract to Trammell Crow. Senior vice president Jim Yoder, a "heavy hitter," says it will be filled no later than the second quarter.
LAS VEGAS-A group of institutional investors wins Park Place Entertainment's control in Jupiters Ltd., an Australian casino company. It's a double deal that is supposed to close in the second quarter.
SAN FRANCISCO-Pan Pacific's focus on stable grocery-anchored neighborhood centers with manageable lease expirations has gained it a favorable outlook with Standard & Poor's.
OAKLAND PARK, FL-Stiles Construction Co. is building the $2.8 million, two-story structure with an 80-foot high entry tower at 3501 N. Federal Highway, along east Broward County's thriving retail corridor. The hard construction cost equates to $50 per sf.
WHITE PLAINS-The Seltzer Group of New York City has paid $3.8 million for a small parcel of land in downtown White Plains and plans to build a $30-million rental housing development there.