Search Results

NEW YORK CITY-A half block away from Grand Central Station, the 22-story office building will undergo major renovations that are expected to result in substantial increases in revenue as leases expire. Rents are now less than $30 per sf, well below average.

CARROLLTON, TX-The Springhill mattress showroom has vacated a spot at the World Trade Center in a bid to be closer to its manufacturing site in Valwood Industrial Park. The parent firm has signed a five-year lease for 24,297 sf.

BOCA RATON, FL-The locally based commercial real estate investment company posts a net loss of 13 cents a share for the three months, compared with a net gain of 37 cents for same period in 2000. Boca Raton is 42 miles north of Miami.

DETROIT-The planning and development department will accept proposals to change or modify tax-free zones until July 13. Two more zones, set up to address economically distressed areas, could be created under law.

MINNEAPOLIS-The bank makes substantial investments in economic development in neighborhoods that had few other alternatives, says the Office of the Comptroller of the Currency.

LONDON-The negative sentiment surrounding UK retail property has been overstated, according to new research from agents King Sturge, and the sector now presents a significant buying opportunity.<

SACRAMENTO-Grubb & Ellis Company here and the Chicago-base Maritime Trust Company have formed an exclusive consulting agreement with the Port aimed at operations diversification and recruitment of labor-intensive waterway users to this capital city port.

SEATTLE, WA-It's been said that obtaining information from Boeing Realty, such as firm pricing, availability and intended uses for its sizeable surplus of properties is like stapling Jell-O to a wall. Boeing Realty President Phil Cyburt responds.