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.
SEATTLE, WA-Just four months on board as the new head of Vancouver, B.C.-based Colliers Macaulay Nicholls International, Douglas Frye is headquartering himself in Seattle and tightening internal operations en route to expanded services.
FARMINGTON HILLS, MI-Robert Henry will work in the firm's mortgage banking division, specializing in all types of income-producing real estate, as well as providing acquisition and disposition services.
LAKE FOREST, CA-The company has signed a lease for a 21,315-sf industrial building in Lake Forest. It is the latest in a string of Orange County transactions involving mid-sized and smaller industrial properties. Earlier this week, three Orange County industrial properties changed hands for a combined $2.3 million, as reported by Globest.com.
ATLANTA-One of the biggest names in commercial real estate is buying an equity interest in the 26-year-old, 29-story, 610,000-sf Tower Place 100 office building in a deal valued at an estimated $130 million.
LAKE ZURICH, IL-Homeowners living near the northwest corner of Rand and Deerpath roads object to plans to build a 24-hour Powerhouse Gym on the 11-acre site. The concept will be reconsidered by the plan commission.
PORTLAND-Locally-based Parr Financial buys the 173,392-sf, three-story building in the heart of Downtown from CT Investments Inc, a New York-based individual investor that has held the property for several years. Nordstrom has 17 years left on a lease that includes options to 2037.
BROOKLYN PARK, MN-The pill manufacturer shifts from tenant to building owner with the purchase of the facility where it had rented space. The complex will allow the Cima Labs Inc. to add manufacturing and product development facility.
SANTA ROSA, CA-NAMO Co LLC bought a 25,900 sf office building in the heart of the Santa Rosa Business Park for $115 per sf. According to broker Paul Gonzales, this is an example of how well Santa Rosa is holding up in the declining economy.
TUCSON-Graystone Group Ltd. of Toronto has secured a $6-million loan in a refinancing of the 117,300-sf Manzanita Plaza in Tucson. The 10-year loan carries a 7.46% interest rate. The fully leased retail property was built in 1982.
CHEHALIS, WA-A Houston-based company has begun building a $360-million natural gas-fired power plant midway between Seattle and Portland in Lewis County. The 505-megawatt facility is slated to begin operation in late 2003.