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GRAND RAPIDS, MI-The development company will build a 137,660-sf distribution center in Reynosa, Mexico for the 125-year-old home cleaning supply firm. ProLogis will own 14 buildings in the Reynosa area totaling 1.5 million sf.
NEW YORK CITY-The Federal Reserve Bank reports that the condo and co-op markets have stabilized recently while the availability rates for office buildings continue to rise, although they remain at historic lows. The hotel occupancy rate is down 10% compared to last year.
SAN DIEGO-The county's apartment market posted the highest number of sale closings in the first quarter since the beginning of 1990, according to a report from a local real estate brokerage.
SAN FRANCISCO-The times they are a changin', but the experts still seem to think that despite the new realities of occupancy dips and rate cuts, Bay Area multifamily markets remain a desirable investment.
ST. PAUL, MN-KARE 11, an NBC affiliate, moves its "newsroom" to the new Science Museum of Minnesota this week while CBS affiliate WCCO-TV looks at re-establishing an office Downtown after moving a decade ago.
LONDON-The UK commercial property market has shown a significant slowdown, according to a new survey from agents GVA Grimley and the Confederation of British Industry.
WOODINVILLE, WA-Despite the sale of its 352-unit Waterford Place apartment complex, the Englewood, CO-based apartment REIT says it plans to remain in the Eastside garden-style market.
CHICAGO-Multifamily rental housing remains an attractive sector in this market but Marcus & Millichap senior vice president Greg A. Moyer cautions brokers to pick their sellers wisely and beware of more conservative lenders.
NATICK, MA-REON Broadband establishes a partnership with Franchi Management Company Inc. The internet and broadband service provider will offer high-speed internet and other broadband services to eight of Franchi Management's commercial office buildings throughout the Metro West area.
ATLANTA-The 55-year-old, Toronto-based engineering, consulting and management firm, with a three-year-old Atlanta presence, is relocating its U.S. headquarters to 66 Perimeter Center East from Chamblee Tucker Road in July. The five-year lease has an estimated aggregate rent value of $2.1 million.