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WESTMINSTER, CO-The REIT that focuses exclusively on entertainment properties, buys out joint venture partner Price Legacy Corp. of San Diego and now owns 100% of entertainment-themed retail center Westminster Promenade.
SUGAR LAND, TX-Work starts on a 32-acre mixed-use project to develop a town square in Sugar Land. The project will bring 200,000 sf of retail space, 750,000 sf of class A office space, 300-room Marriott, conference center and new city hall.
OSSINING, NY-The Ossining Village Board reports it has reached an agreement on a revised plan with developer Cappelli Enterprises to reduce the amount of new residential units to be built as part of its $30-million waterfront redevelopment project.
SAN FRANCISCO-Following the sudden resignation of San Francisco Redevelopment Agency President Michal Foriest Settles, the Board of Supervisors unanimously approved a new president.
LAGUNA NIGUEL, CA-Voit Development Co. grabs the 246,825-sf Birtcher Business Park. Comprised of 20 buildings, the complex offers 65% office product and 35% industrial and R&D space.
WASHINGTON, DC-The District tries to return to the business at hand as Mayor Anthony Williams gives a status report on development projects. Most notably are the $14.1-million renovation of Downtown's Mather Building and the construction of the Newseum's new home.
MT. CLEMENS, MI-Six non-hospital office facilities, with about 175,000 sf but less than 80% occupied, will be marketed by the Southfield, MI brokerage firm. The tenant mix may be adjusted, the company says.
NEW YORK CITY-The consultant's first hotel advisory report since Sept. 11 forecasts an overall industry downswing until third quarter 2002, predicting the lowest occupancy rate in 30 years and the first annual average decline since 1940.
SCOTTSDALE, AZ-First Financial Equity decides to stay put at Scottsdale Centre after securing office space that allows three suites to be consolidated into one. The seven-year pact secures an original tenant for the office building, now undergoing a renovation.
LIVONIA, MI-Leaving a 40-year-old building in Detroit, the grocery store chain leases a 362,000-sf facility from New York-based Ashley Capital to move goods more efficiently with higher ceilings and modern truck wells.