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DENVER-Appraisals of the 14-story Terracentre office building next to the Colorado Convention Center come back at $11 million to $14 million, too far north of the $9 million the city was willing to pay for a 4,000-seat auditorium site.
CHICAGO-FagelHaber LLC takes 44,667 sf at 55 E. Monroe St., moving from a 25,150-sf location at 140 S. Dearborn. Julien J. Studley, Inc. represents the law firm in negotiations with Tishman Speyer Properties.
SEATTLE-The interactive touch-screen terminals are designed to deliver news and lifestyle information in high-traffic locations. The company behind them says there will be 300 terminals by year's end in Seattle, Portland, Las Vegas, San Francisco, Chicago and New York.
EVANSTON-The lakefront city is nominated for incorporating views of community groups as well as working with neighboring communities such as Chicago and Skokie. The award was the first given by the Illinois Association of Municipal Management Assistants.
LOS ANGELES-A 290,000-sf office and retail project will soon rise in El Segundo's Continental Park, the 3-million-sf mixed-use complex just south of Los Angeles International Airport that includes office space, restaurants, a hotel, a movie theater and a 100,000-sf fitness facility.
MINNEAPOLIS-Work was stopped on the 11.6-mile Hiawatha line in February but US District Judge John Tunheim orders Xcel Energy to move its underground Fifth Street facilities to make way for the construction.
SCOTTSDALE, AZ-GE Capital and Goldman Sachs have agreed to provide about $7 billion of liquidity for the Scottsdale-based Finova Group, pending the outcome of due diligence. The construction lender has been in Chapter 11 bankruptcy since March.
ORANGE COUNTY, CA-The children's market manufacturer takes 623,000 sf of industrial space at Shea Center Ontario for seven years. It is the second major deal for the Inland Empire in the past few days.
GLEN ALLEN, VA-Dynex Capital Inc. will have to pay a dividend to preferred shareholders if it wants to maintain its REIT status under the amended Internal Revenue Code of 1986.
NEWPORT BEACH, CA-A Newport Beach-based real estate investment group has paid $2.9 million for a 56,540-sf retail center in Desert Hot Springs. The complex was 90% occupied at time of sale.