Commercial real estate instant insights 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.
ATLANTA-The 13-year-old, 1,500-acre Gwinnett Progress Center has 4.5 million sf developed or under way in class A office, office/warehouse and bulk distribution products.
ATLANTA-The locally-based firm continues as one of the industry's top-performing REITs. Cousins-owned office buildings are 98% leased; retail centers 95% leased; and medical facilities, 86% leased.
ATLANTA-The price of the 24-year-old, South Plainfield, NJ building is on the high side but the locally-based REIT expects the deal to pay off over the long haul. Motorola's lease has an estimated value of $59 million.
DALLAS-American Industrial Properties has a buyer after a year-long search. Cleveland-based Developers Diversified Realty will acquire all outstanding shares plus sell off 32 properties to fund the takeover.
PORTLAND, OR-The 7.82-acre site in unincorporated Washington County includes three connected buildings containing a total of 188,500-sf of space. The locally-based clothing retailer plans to renovate and occupy the space within a year.
SCARSDALE, NY-Despite an ongoing $5 million renovation program, leasing activity continues to be strong at Two Overhill Road in Scarsdale, according to brokers who have recently secured more than 15,000 sf in lease deals.
POMPANO BEACH, FL-The new owner could take over the one million-sf retail property by New Year's if the current principals settle a $14.2 million debt with New York lender CDC Mortgage Capital.
ORANGE COUNTY, CA-Transactions in Orange County this week total $420 million. Shea Properties' will build a $350-million office park, and Insignia/ESG negotiates three leases worth $70 million.
AUSTIN-The Sumner Suites in north Austin is no more; it's now an AmeriSuites under a deal cut with Sholodge Inc. The re-branding affects 27 properties in 12 states, including eight hotels in Texas.