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DENVER-Betting the economy will be in better shape when newly-constructed units are ready for occupancy, developers have pulled permits for 33% more units in the first nine months this year compared to the same time in 2000.
WOODBRIDGE, NJ-Newmark JGT analysis indicates that the market is still a little flat, but the WTC disaster led to some absorption, and pharmaceuticals are offsetting telecom's woes.
SAN ANTONIO-The city's tourism industry, the second-biggest business here, is trying to generate traffic, which has been decimated by the Sept. 11 terrorist attacks on the US. Hotels and tourist attractions offer specials.
DENVER-Two real estate veterans are added to a Julien J. Studley Inc. office that opened earlier this year. Former US Olympic swimmer David McCagg, who was directly involved with the Fiddlers Green Center, is one of the hires.
NEW YORK CITY-The Artist of the Deal trumps the aces of three short-listed bidders. Contracts for the Park Avenue landmark were signed Wednesday and the transaction will close early next year.
LONDON-The office market in fringe districts like Soho has suffered since 11 September, but other parts of the West End like Victoria and Westminster appear relatively unscathed, according to new research from Lambert Smith Hampton.
ATLANTA-Hit by a weakened economy and cash flow problems, Roberts Realty Investors suspended payment of its dividend for the fourth quarter of 2001 and the first quarter of 2002.
PONTIAC, MI-The football team will move as scheduled to a new Downtown Detroit Stadium, but will pay this northern Oakland County city $27 million in divorce costs stemming from its lease on the Silverdome.
PHOENIX-Allred Two at Southbank sells for $15.4 million to Robert F. and Robert L. Caldwell of San Francisco, who were involved in a Section 1031 Exchange. Douglas Allred Co. of San Diego is the seller.