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CHANDLER, AZ-Greentree Place LLC gets the 256-unit Greentree Place Apartments for a little more than $49,000 per unit. Comparable properties this year have been commanding $56,073 per unit. Archon Residential of Texas is the seller.
NEW YORK CITY-A Downtown accounting firm signs a 10-year-lease on Wall Street, its original home, making a commitment to stay in the neighborhood where it was founded more than 50 years ago.
SAN ANTONIO-The San Antonio market, the smallest of the Texas metropolises, was doing OK until the third quarter. Now, direct vacancy is 14.1% instead of 12.4%. Factor in sublease space and the city's pinch is now up to 18%.
IRVINE, CA-Encompassing 157,499 sf, the complex consists of two multi-tenant office buildings and eight multi-tenant industrial facilities. It is currently 80% leased.
SAN DIEGO-Grubb & Ellis has negotiated three deals recently for Mission Valley office and retail space. Two of the transactions involve office space at Camino Del Rio South, while the retail space is located on Friars Road
BOSTON-A Hines regional manager tells GlobeSt.com how the company has managed to save hundreds of thousands of dollars in energy costs by implementing green products in two of its buildings here. The buildings received the energy star designation from the federal Environmental Protection Agency and the Department of Energy.
NEW YORK CITY-The owner of prime SoHo real estate has fired one broker and hired another in hopes of securing a build-to-suit deal. The new marketing team is guardedly optimistic about closing a deal despite the current economy. The former broker, however, says the owner's greed has scuttled every offer to develop the property.
DENVER-The chairman, CEO and founder of Apartment Investment and Management Co. says the economy will pull out of the current downturn next spring or next summer, and won't be as severe as the 1980s versions.
SOUTH BRUNSWICK, NJ-In a state where the question "which exit?" gives folks the perspective of where one lives or works, few are laughing at one of the country's hottest industrial submarkets.
TACOMA, WA-After failing to receive support for capital improvements at the ballot box, city officials have decided to gauge pubic opinion and ask business owners and Tacoma residents to prioritize 14 proposed capital facilities projects.