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.
ATLANTA-Despite lower than expected earnings per share to be logged for the period ending July 1, the former LongHorn Steaks Inc. posted increases in same-store sales for all three of its restaurant products in the second quarter through June 3.
GILBERT, AZ-The Silicon Valley Cos. has acquired the 160-unit Township Apartments at 1295 N. Ash St. The purchase price of $9.2 million is considerably less than the average per unit price for complexes in the area.
WASHINGTON, DC-Permanent financing for the acquisition of 2025 M St. NW has been placed, enabling 1919 Pennsylvania Associates, a joint venture, to make the purchase. Carr Capital Corp. placed the loan.
PHOENIX-Simula Safety Systems has inked a 16-year lease for 188,000 sf of industrial space. Cohen Arizona One owns the facility, situated at 7822 S. 46th St. The property is in the steadily growing Baseline Corridor.
MINNEAPOLIS-The deal helps the Minneapolis-based financial service company enter fast-growing markets in southern California. Bank officials expect it will close by the end of the third quarter of 2001.
RICHARDSON, TX-Millennium Sales and a startup business, Telco Gray, have signed leases for 10,442 in Richardson's Telecom Corridor. One heads to the 59,847-sf University Center and the other to the 54,765-sf Exchange Drive complex.
MIDDLETOWN, NJ-One of the proposed changes would reduce commercial space by half, but the community's governing body puts off formal changes for another two weeks. Locally-based Mountain Hill Group wants to develop 1.7 million-sf.
MILPITAS-Three industrial leases totaling about 14,400 sf and valued at nearly $2.2 million hit Main Street in this South Bay bedroom community. Industrial remains a stronger segment of the market in some outlying areas despite the softening office markets throughout the Bay Area.
LONDON-Serviced office operator Regus has confirmed that it is in takeover talks with Frontline Capital Group, parent company of its larger rival HQ Global Holdings