Commercial real estate special reports for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
WILSONVILLE, OR-PacifiCorp says it's says it is consolidating some of its warehouse facilities and no longer needed the 38,000-sf building. For All City Glass, which will relocate from the Wilsonville Business Center, it represents a doubling of capacity.
LONDON-The electronics giant Marconi, which has seen its share price collapse since the summer, has sold off a mixed portfolio of property investments to St Modwen Properties.
BOSTON-A bill is before the Legislature here to increase the city's linkage fees and decrease the payout periods in the city's neighborhoods. A representative from NAIOP will testify in support of the legislation, despite the additional fees it places on commercial developers here.
PASSAIC, NJ-The 137-unit Towers Apartments here and a 227-unit community in downstate New York were part of a large portfolio the company acquired in 1998.
SAN ANTONIO-The average rent for San Antonio retail sneaks above $11 per sf for the first time. Developers at last are gaining ground with the rooftops. Big box retreats have caused a problem, but others are marching onto the battlefield in their place.
SMYRNA, GA-The four-story building is the fifth on the 45-acre suburban campus the Belgian-owned company occupies five miles north of Downtown Atlanta in Cobb County. Completion is scheduled for 2003.
AUSTIN-Nashville-based Brown Schools, with its roots in Central Texas, unloads the 121-bed NeuroRehabilitation Center in Austin. It makes the third Brown acquisition for buyer Psychiatric Solutions, also headquartered in Nashville.
CHICAGO-The Carbide and Carbon Building at 230 N. Michigan Ave. will be converted into Hard Rock Cafe International's first urban hotel. US Bank, Midwest Bank & Trust and Parkway Bank & Trust agree to finance the project.
BUENA PARK, CA-American Box purchases a 42,500-sf industrial building in Buena Park. The company has already occupied the facility, which will serve as a start-up location.
CHICAGO-Equity Residential Trust COO Gerald Spector expects the acceleration of rent concessions to continue into 2002 as multifamily owners and operators strive to maintain or improve occupancy levels.