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.
NAPA, CA-Plano, TX-based EDS will take 10,000 sf in a 122,000-sf building where monthly office rents have been running about $1.30 sf/mo. The developing 386-acre business park is currently home to Internet solutions provider Verio and semiconductor component manufacturer A.P. Technology.
SKOKIE,IL-Fieldworks, Flowmaster USA Inc. and Paynet Inc. have signed leases at the five-story Class A office building in this near north suburb totaling 13,000 sf. Goodman & Associates owns the building.
ORLANDO-John J. Nadler, who rose from branch sales manager seven years ago to president in 1999, tells GlobeSt.com he wants the company to get into project development, title insurance and expand its commercial real estate activities this year.
MINNEAPOLIS- William R. Abel was a senior vice president at Colliers Towle. He now originates, coordinates oversees project development proposals and assignments for Mortenson's customers.
NEW YORK CITY-In what one insider has termed very difficult negotiations, no handshake has come about in Vornado's $3.25-billion bid for the World Trade Center.
SEATTLE, WA-The 47-room Econo Lodge franchise was built by Wen-fan in 1985. The 38-room Ramada Limited opened in late 1998. The purchase price translates to $66,279/room, and the broker says the cap rate would be just over 8%.
CHARLOTTE-Construction lags somewhat but most of Charlotte's 31 million-sf retail inventory is keeping its value, Lincoln Harris brokers tell GlobeSt.com as international shopping center developers open conference here March 19.
SPOKANE, WA-The 36,000-sf building is being developed by locally based Garco Development Services on behalf of a California developer who acquired the land and an adjacent 55,000sf building last year from principals of Garco.
PALO ALTO, CA-The $8.5-million stock and cash purchase of the Bellevue, WA-based factoring and asset-based lending company translates to 3.7 times EBITDA. CAPCO has approximately $28 million in commitments and $2.8 million in equity.