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LONDON-A public row has broken out between property giants Chelsfield and TrizecHahn over the valuation of their joint-venture colocation company Global Switch.
ORLANDO-The Austin, TX-based developer convinced the Orlando-based international financial software manufacturer to move into, a one-year-old, 196,000-sf structure that rose to 91% occupancy with the 10-year PaySys lease.
MIAMI-The Baltimore, MD-born former corporate raider made his first million in real estate before going on to accumulate a company-acquistion fortune once valued by financial trade publications at $4 billion. Posner died of complications from pneumonia while being treated at the Miami Heart Institute yesterday (Feb. 11).
SAN DIEGO-A recent report finds that the affordability gap between renting and homeownership is shielding the apartment market from the full force of the recession.
LOS ANGELES-Marcus & Millichap Real Estate Investment Brokerage Co. recently released its Apartment Research Report for the Los Angeles County area, which indicates that reduced construction and diverse employment have shielded the county's submarkets from the full force of the economic downturn.
DENVER-Brewery Bar II, a popular eatery at the edge of Downtown Denver, is opening a second location in the Entertainment District in the recently created city of Lone Tree. Wynkoop Brewing Co. is opening the first "brew-pub" in the Capitol Hill neighborhood east of the Central Business District.
ORLANDO-Occupancy among the area's 132,000 units fell to 92% from 93.2% in 2000, a new study by the Orlando office of CB Richard Ellis Inc. shows. Construction slowed to 6,800 new units compared to 13,900 units delivered in 2000.
LONDON-Workspace Group has bought the 64,560-sf Westbourne Studios complex of offices and workshops near Ladbroke Grove west London to add to its portfolio of small business units across London and the South east.
MILWAUKEE, WI-Rents will rise by 1.5%, while vacancies will rise slightly throughout the entire market, Marcus & Millichap Real Estate Investment Brokerage Co. predicts. That likely won't attract institutional investors.