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AUSTIN-Something's amiss at Netpliance, where co-founder and investors have initiated talks for a buyout. The acquisition group currently owns 52% of the Austin company's common stock and has lobbed an offer of 65-cents per share for outstanding shares.
SEATTLE, WA-A survey will provide the city's Landmarks Preservation Board with the comparative data it needs to evaluate buildings nominated for designation as landmarks. It may also provide certain Seattle developers with some ideas.
LOS ANGELES-The giant developer won't identify buyer of the combined 924 units in Santa Clarita Valley, other than to say it is a real estate investment trust.
FREMONT, CA-The networking giant is proposing three- to six-story buildings but some council members are asking for taller buildings to help define the skyline and establish a more urban setting for people to walk, shop and dine.
DENVER-Miller Global will get 80% interest in a $412-million joint venture being formed with North Carolina-based Highwoods Properties. The initial transaction has Highwoods selling 21 office properties and four development sites to the joint venture.
ORLANDO-Smaller users are clamoring for 25,000-sf to 50,000-sf facilities as developers continue to focus on big-box projects in this four-county, 92 million-sf warehouse and distribution sector of Central Florida.
NEW YORK CITY-The economy may be heading for a slowdown or a recession, but the prospects for the office space market over the next year look promising.