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COLUMBIA, MD-Two weeks after the company that leases its hotel properties announced it is losing money and must have its rent lowered, Humphrey Hospitality Trust Inc. is exploring alternatives for its 92 hotels.
HOUSTON-More industrial space is headed toward Houston, with predictions calling for 5.1 million sf. It's the biggest surge since 1999, when 5.8 million sf had delivered. It looks like Houston could remain the nation's leading industrial arena.
CAMBRIDGE, MA-Yet another tech firm has bad news as Art Technology Group plans to layoff 150 employees with most of the cuts happening in its headquarters here. The layoffs are part of a company-wide reduction plan that will include real estate consolidation.
DALLAS-It's time to move out of an executive suite and into a full-fledged office, says Cambridge Silicon Radio. The UK high-tech company is unboxing its belongings at One University Place in Richardson's Telecom Corridor as a result of recent five-year signing.
SEATTLE-According to a recent survey by CB Richard Ellis, the industrial market is definitely catching its breath from a two-year run of big-time demand. The vacancy rate for the region rose to 4.46%, compared to 3.04% the last quarter of 2000.
FERNDALE, MI-A boulevard could expand the Woodward Avenue area's business potential at least four times what it is now with the Eight Mile Road overpass, the city manager says.
PORTLAND-The Wards locations are at Clackamas Town Center and the Rogue Valley Mall in Medford, where Meier & Frank already has department stores, allowing the department store to separate out some of its categories.
INDIANAPOLIS- Duke-Weeks Realty Corp. sells more than 2.6 million sf of industrial properties and 281,000 sf of suburban office properties in the first quarter at a stabilized capitalization rate of 9.7%.
NEW YORK CITY-This is the latest move by the firm to expand its presence in the East. Last year it acquired real estate operations in Hong Kong, China, Thailand and Japan.
ORLANDO-Bob Vander Wiede, son-in-law of billionaire team owner Richard DeVos, acknowledges in a private meeting with a daily newspaper's executives his father-in-law's $10.5 million figure to help build a $250 million basketball arena was just a feeler.