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.
CHICAGO-Banyan REIT's board says it has authorized negotiation of a contract for the sale of all the trust's assets to an unidentified buyer. The board says it hopes to conclude the sale by the end of the first quarter, with net proceeds to shareholders from the sale possibly reaching $6.20 per share.
ALBERTVILLE, MN-JMJ Properties will add 58,000-sf to the retail center following the success of the first phase. The 248,000-sf center opened nearly 100% leased earlier this year.
GALVESTON-Silverleaf Seaside Resorts is gearing up for a 135-unit second phase at its beach timeshare project now that it has received an official nod by the city planning commission. Construction is tentatively set to begin in 2002.
EVERETT, WA-Frontier Financial Corp. is planning to acquire Interbancorp Inc., a commercial bank headquartered in Duvall, for $11 million in stock. The acquisition will raise Frontier's total assets to more thatn $1.7 billion.
MIAMI-Latest population estimates (1999) by the Census Bureau show that while Miami-Fort Lauderdale continues to be one of the nation's fastest growing metropolitan areas, population is not increasing nearly as fast as it had been. Metro Atlanta has displaced Miami-Fort Lauderdale as the country's 11th largest urban center.
STAMFORD, CT-Patriot National Bank has elected Charles F. Howell of Danbury, a banker for 30 years in Fairfield County, as its president and chief executive officer.