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HOUSTON-The city's northwest industrial submarket is bustling with big box activity. The latest CB Richard Ellis report pinpoints 37 projects either on line, under construction or in the pipeline. Occupancy is riding at 65.20%.
MADISON, TN-Sealed bids are due July 17 for the net-leased property generating $1.057 million. One of the largest employers in the Nashville market has another 12 years on its lease for 528,840 sf of distribution and warehouse space.
NEW YORK CITY-The Morgan Stanley REIT Index continues outperforming the Dow, the S&P 500 and the Nasdaq. And, for the first time in nearly three years, the assets from dedicated real estate mutual funds totaled more than $11 billion.
ORLANDO-William J. Zylka, a New Vernon, NJ entrepreneur who passed himself off as a wealthy real estate investor, is in a Manhattan jail after he and two associates in Evergreen Security Ltd. of Orlando were arrested June 8 for allegedly stealing $27.7 million from Evergreen's purported mortgage securities-back investment fund.
NEW YORK CITY-The Morgan Stanley REIT Index continues outperforming the Dow, the S&P 500 and the Nasdaq. And, for the first time in nearly three years, the assets from dedicated real estate mutual funds totaled more than $11 billion.
WASHINGTON, DC-The drop is the first since 1Q 2000, when the delinquency rate was at 3.74%. By the end of the year it had climbed to 4.5% but now has dipped to 4.37%.
AUSTIN-Bee Cave aldermen will be voting today on an 18,000-sf retail center fronting Bee Cave Road, now that zoning issues have been resolved. If the vote is favorable, ground could break between July and August.
HOUSTON-Recovery efforts will be ongoing for some time, but today Houston's CBD will reopen after a one-day shutdown as a result of the havoc wreaked by Tropical Storm Allison. Literally every building has been affected, says Hines' chief exec.
BOSTON-Management for the Boston Red Sox have reportedly declared that any discussions between potential bidders for the team and team management must wait until after the season ends. This decision could put plans for a new ballpark for the Sox a number of years in the future.
DENVER-Mother and son development team Dana and Jack Crawford break ground on their $19-million Ajax condominium project just west of Coors Field. It is one of an estimated $900 million in projects being built on the 40-acre site.