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.
RALEIGH, NC-The local chapter of the Society for the Prevention of Cruelty to Animals has bought a 46-acre tract here from Carolina Power & Light Co. for $1.38 million or $30,000 per acre (69 cents per sf).
ORANGE COUNTY, CA - Fujitsu Business Communication Systems, Inc., a division of Fujitsu Limited, has leased industrial space from The Irvine Company in the Irvine Spectrum for 10 years. Terms of the transaction were not disclosed.
DETROIT-Lease rates went up while construction was down in the third quarter, says CB Richard Ellis in its third quarter market report. Absorption is up 10% from the same quarter a year ago.
BRISBANE, CA-Company representatives declined to comment, but reports have the Internet iteration of Wal-Mart stores expanding into 140,000 sf with its move to new space here. Yesterday, Walmart.com re-launched its site.
TEMPLE, TX-Trammell Crow Central Texas Development has lured Albertsons, a leading grocer, to anchor a 100,000-sf retail center in the state's 11th largest sales market. The project will break ground in first quarter 2001 and deliver in the fourth quarter.
PLANO, TX-McGrath-RenTelco, formerly McGrath-RentCorp, has moved from Richardson to Plano into a new 40,000-sf office and warehouse center. The company has been operating in Richardson since 1991.
ELIZABETH, NJ-A former brownfield site is being eyed for the creation of top-flight office space in a submarket, currently dominated by warehousing, distribution and other industrial facilities, that has none.
TIGARD, OR-The locally-based company recently closed on the sale of substantially all its assets. Yesterday, shares in the company were trading somewhere in the 15 cent range.
STAMFORD, CT-Cushman & Wakefield of Connecticut Inc. reports that market conditions in Fairfield County are showing the same characteristics as New York City's office sector.