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.
ORANGE COUNTY-All three sectors of the regional economy--high-tech, tourism and construction--are expected to slow down in the second and third quarters while construction will continue to give the county an economic boost, according to a recently released economic forecast.
PHOENIX-As expected, Gov. Jane Hull has vetoed a contractors bill. With days left in the session, it's unlikely that an override vote can be passed. For contractors, it means they are subject to an extra 0.6% sales tax for last year's deals.
SAN FRANCISCO-After experiencing increases in asking rates of between 45% and 80% last year, Cushman & Wakefield predicts that rents in the San Francisco and Silicon Valley markets will have dropped between 13% and 18% by the end of 2001.
SAN DIEGO-In another sign of the velocity of the central county office market, a 31,400-sf medical office building in Kearny Mesa has sold to a pair of investors for $4.58 million.
TEMPE, AZ-Tosco's 170,000-sf new building is up for grabs, with brokers now looking for tenants. A company takeover by Phillips Petroleum means it's just extra space.
CHICAGO-State Street Associates will pay $10.2 million, minus up to $2 million for demolition and environmental remediation, for a block-long South Loop site at 1101-83 S. State St. for a mixed-use project.
LOS ANGELES-The city council here has OK'd a plan to create as many as 100 community groups to review development proposals. The measure now moves to the mayor's desk, but no one can predict whether he'll sign it or reject it.
TETERBORO, NJ-Organize It All, which makes and supplies household items for several notable chains, will use the space for warehousing and distribution purposes. Alexander Summer/CRESA arranged the transaction for the tenant.
NEW YORK CITY: David Stearns, a spokesperson for BAM Local Development Corp., tells GlobeSt.com despite news that Twyla Tharp has backed out of dance studio plans at the project in Brooklyn, it's "pushing ahead with its plans.