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PHOENIX-Bargain hunters may be disappointed next year, as low interest rates will even help owners of distressed properties, according to a Grubb & Ellis forecast. Otherwise, opportunities will abound, the firm predicts.
PORTLAND-Although it has sold the 218,000-sf heart of the five-block redevelopment project, developer Gerding Edlen still has things to gain if it leases up and things to lose if it does not, according to the man who acquired the building on behalf of Multi-Employer Property Trust.
PORTLAND-The Portland Development Commission is expected to move forward today by singing off on the hiring Yost Grubb Hall Architecture to study whether to renovate the former Holman Moving & Storage Building, located across the river from Downtown, or demolish it and build anew.
SAN ANTONIO-The retailer focuses on the high-growth north central and northwest submarkets in its Alamo City rollout. It's latest will be surrounded by a Super Wal-mart and Romano's Macaroni Grill.
HOUSTON-Mike Maroney, a retail market specialist, has joined the retail division of Henry S. Miller, the second addition to that division in the last six months. Maroney will work under Henry S. Miller's Shawn Ackerman.
ANNAPOLIS, MD-Governor Parris N. Glendeing announces $10 million in funding for various revitalization projects through the state's Community Legacy Program. The funds will be distributed among 52 different projects, although a total of 92 organizations submitted proposals requesting more than $100 million.
JENSEN BEACH, FL-Thomas Thomson, chairman, Thomson Corp., is appealing the ruling to the Florida Supreme Court. His investment of $3.3 million and the construction of 14 additional buildings are at stake in a smoking controversy that will affect the entire multifamily development industry in the state, lawyers following the case tell GlobeSt.com.
ALBUQUERQUE, NM-Big-box retailers are moving into the state's largest city, Grubb & Ellis observes, but one large grocery chain has closed and smaller retailers are feeling the pinch of a slumping economy.
DALLAS-Eastdil Realty's Andrew S. Levy and Jeffrey M. Stone depart after two years to lead Holliday Fenoglio Fowler's Dallas investment sales group. Levy and Stone have long been considered top players in the Dallas market.
PHOENIX-Bargain hunters may be disappointed next year, as low interest rates will even help owners of distressed properties, according to a Grubb & Ellis forecast. Otherwise, opportunities will abound, the firm predicts.