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NEW YORK CITY-In an overwhelming show of unity, industry professionals have circled the wagons around their service offerings, protesting the possibility that banks could invade their territory. The poll launches GlobeSt.com's bi-weekly industry survey.
REDWOOD CITY, CA-The company's clients include Post Properties, Canadian Apartment Properties REIT and A.G. Spanos Company. Rentals Inc.'s competitors include SpringStreet and Apartments.com on the marketing side and, to some extent, Yardi and AMSI on the administrative side.
LOS ANGELES-A Tarzana-based commercial real estate company has recently acquired a 49,000-sf building in Downtown and leased it to the Mexico-based retailer FAMSA.
Rather than fearing financial institutions' proposed entry into the real estate brokerage business, professionals nationwide question the wisdom of the move, as well as a bank's ability and willingness to service the client.
DENVER-First Industrial Development Services is off and running on two office-flex projects in Broomfield and Littleton. The properties will offer stiff competition to class-A structures as they bring lower rents and high finish-outs.
WASHINGTON, DC-LaSalle Hotels has bought the properties with plans to create "unique, independent boutique hotels," with a total of 502 rooms, which will be managed by Kimpton Hotels & Restaurant Group.
DURHAM, NC-Occupancy rates dip due to heavy construction, but prices of buildings continue to escalate even though rents are expected to soften, CB Richard Ellis Inc. broker Mac Alexander tells GlobeSt.com.
HOBOKEN, NJ-The luxury property, being built in two phases, will add a total of 145 units to an increasingly tight Hudson River waterfront residential market. Manhattan Building Co. has received a loan package for it from KeyBank.
ORLANDO-The tourist tax of five cents on a dollar from every rented room in the area's 110,000-room inventory is reaching $109 million a year and pays for the operations and maintenance of the four million-sf coliseum.
LAKE OSWEGO, OR-The award is for the largest research and development real estate transaction referral in the U.S. among members of CORFAC International, a global