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BRADENTON, FL-The Oakbrook, IL-based REIT paid Creekwood Gateway LLC $23.5 million or $103.50 per sf for the 227,052-sf, 98%-leased Creekwood Crossing Shopping Center, 85 miles west of Downtown Orlando.
THORNTON, CO-The Adams County School District is the new owner of a 380,000-sf warehouse, built for the former Gerry Baby Products. Seller Whole Foods of Austin, TX gets $16.9 million and the district, room to grow. Some 130,000 sf will come to market.
ATLANTA-Standard & Poor's Corp. cited Atlanta's improved financial policies and controls; a manageable debt burden; and an unlimited ad valorem (property) tax pledge.
I recently completed a professional profile for some company marketing materials. I puzzled over how to fill in "specialty" because I've always considered…
LOS ANGELES-Drinker, Biddle & Reath takes over 13,675 sf of Downtown office space that was formerly occupied by Germany's Dresdner Bank AG. Sublease activity is on the rise, one brokerage study says, as softer economy prompts more tenants to look for ways to reduce overhead.
HOUSTON-The Houston City Council is taking another two weeks before putting a crucial issue to the test of a vote. The delay is welcomed by Crescent Real Estate Equities, which is challenging a possible 90-year lease of the Compaq Center to a church.
HOUSTON-An investment group acquires a prime tract in East Houston, a hotbed of big box retail activity. The investors are talking to nine national retailers and restaurateurs to join the Hayden Road mix.
ST. PAUL, MN-Minnesota faces a $2 billion tax shortfall this year and critics blame the tax reform legislation enacted last year. But the state's Chamber of Commerce backs the governor's
ORLANDO-Construction bids on the two million-sf job could be put out by June if the traffic pattern improves at Orlando International Airport which had anticipated handling 31 million passengers this year.
ORANGE COUNTY, CA-The county's retail market is still strong, but may face some challenges in the months ahead, according to recent research by Marcus & Millichap Real Estate Investment Brokerage Co. Rents are expected to level off, as vacancies begin to slowly rise, the report says.