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.
JOLIET, IL-The TIAA Real Estate Account has purchased the Mack Truck building in the Rock Run Business Park for $10.15 million. The 248,014-sf building is leased to Mack Truck, Inc. at $3.33 psf.
CHICAGO-Better commission splits and signing bonuses may lure top brokers from one office to another, but a "wholesale migration" of brokers has not been seen so far. Money sometimes isn't everything, local experts add.
MIAMI-The National Association of Securities Dealers threatens to delist the locally based homebuilder from trading over the counter across the bulletin board because the company can't meet an SEC annual report-filing deadline. Atlantic Gulf lost $10.1 million for the nine months ended Sept. 30, 2000.
DALLAS-There is an increase in real estate professionals switching affiliations, but it's not a trend, says an industry headhunter. It's just that more high-profile execs are moving around as others take advantage of the market slump to cut deals for themselves.
PORTLAND-The PDC plans to pay $800,000 for the property at the corner Northeast 99th and Pacific Street and then recruit a private developer to build on the property in order to encourage construction on other parcels within the Gateway business district.
DENVER-The southeast corridor is the city's hardest hit submarket, with a 9.24% vacancy rate. Add in sublease space and soon-to-be-vacated spots and it will hit 12.3%. But, say brokers, it won't be a return to the mid-1980s.
SANTA MONICA, CA-Hanover Financial and privately held JSM Construction pay $2.4 million for neighboring parcels here. Nearly 100 rental units are planned, plus 3,000 sf of retail space.
CHARLOTTE-Revenue and apartment rental income is up at the locally based apartment REIT's 15 apartments in North Carolina and Virginia as the company issues a regular dividend of 31 cents per share.
AUSTIN-Janus Capital Corp. has effectively shut down its two-year-old call center in northwest Austin. The Staubach Co. is searching for tenants to fill an estimated 274,000 sf of remaining sublease space. Inovant is filling 45,000 sf and two deals for 40,000 sf are in the pipeline.
LOS ANGELES-A locally based creator and producer of charity fundraising events will relocate to the Los Angeles Media Tech Center. The company recently signed a five-year lease for 47,100 sf at the mixed-use development.