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.
INDIANAPOLIS, IN-The 152-unit Northampton Village town-home rental community is sold by Chicago-based International Capital Corp. to Minnesota-based co-op converter AHEP. The Dietz Organization of Birmingham, MI brokers the deal.
MIAMI-The value of the deal wasn't disclosed. Locally based Lennar Corp. expects the affiliation with the Walnut, CA-based insurance carrier will streamline its closing services on single and multifamily sales.
PHOENIX-Diamante LLC, based in Colorado Springs, CO, has paid nearly $3.2 million for a partial interest in the upscale Pepper Ridge Plaza. GSW4 has sold its interest in about 20,000 sf of shop space for nearly $160 per sf.
CHICAGO-Investors and developers looking to finance suburban office buildings or fashion retail projects beware: Lenders are casting a cautious eye at financing those deals despite the current environment of low cost capital.
OCEANSIDE, CA-Developer Douglas Manchester, already planning a beachfront resort here, has now submitted plans for a hotel and golf course in the El Corazon area three miles inland.
BETHESDA, MD-The hotel was included in LaSalle's purchase of I&G Capital Inc. At the same time it announced the purchase, LaSalle also downgraded its earnings projections for the year.
LONDON-Brixton has won detailed planning permission from Runnymede Borough Council for its 16 acre Aviator Park office development site at Addlestone, near Weybridge, Surrey.
NEW YORK CITY-Sonnenblick-Goldman's Peter Berk, director of Capital Markets, tells GlobeSt.com, "There's more lender interest than borrowers." He also says the trend will likely not end before 2002. He also notes an increased aggressiveness on Wall Street.