Commercial real estate instant insights 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.
ORLANDO-Retired British industrialist Joseph Lewis and his family-owned Tavistock Group are blueprinting two office towers with a total 500,000 sf; 75,000 sf of retail; 200 luxury apartments; and two garages totaling 1,750 spaces. The estimated hard cost: $120 million.
FRANKFURT-There's some 300,000 sm of new office space expected to come online before year's end. That's good news for local real estate executives who are being forced to find space in out-of-town markets for corporate clients.
DENVER-United Artists had been poised for a year 2000 loss so it came as no surprise when bean counters' calculations tallied $126.3 million. But things are looking better now that billionaire Philip Anschutz is in control.
ATLANTA-Rents will range from $1,195 to $3,695 per month. Wood Partners, Novare Group and WN Buckhead plan 378 units; 10,000 sf of restaurant; and 15,000 sf of retail. Estimated hard construction cost: $60 million.
IRVINE, CA-A high-technology company, dental corporation and photographic film manufacturing company have signed up for space in the Hutton Centre Office complex.
SAN JOSE-An affiliate of the Texas-based Hotel Valencia Group will build the 213-room boutique hotel here on Santana Row. It will feature a palazzo-style courtyard with an outdoor fireplace and fountain.
PHOENIX-New commercial development has returned to the Salt River area of Phoenix, thanks to a $80-million restoration project. The first major developer to buy into the project has purchased at 33.8-acre parcel for $3.2 million.
CHELMSFORD, MA-When Sycamore Networks bought a 100-acre parcel here for its campus headquarters, the telecommunications start-up was riding high. Since then its stock has tumbled, but the company insists its plans are proceeding as scheduled.
CLIFTON, NJ-The deal, put on a fast-track by both the buyer and seller, closed in only 60 days. The terms of the sale of the 22-unit property were not disclosed.
DENVER-A $105,000 study shows retailers have overlooked a profitable venue in Denver's poorer neighborhoods. An estimated $298 million is spent annually, the bulk of which goes into pockets of out-of-neighborhood retailers.