Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
CHARLOTTE-Childress Klein Properties breaks ground on the first 81,000-sf flex building at its planned three-building, 23-acre, $12 million Airport Commerce Center
HOUSTON-Tenants of a 479-unit apartment building, owned by Atlanta-based Post Properties, are adding a popular eatery to their amenities. Farrago Restaurant has signed for 5,000 sf to open a street-level dining spot.
FT. WORTH-Roger Staubach's Dallas-based real estate business has shut out its competition, scoring a long-term deal to manage a high-volume portfolio of Ft. Worth's Burlington Northern and Santa Fe Railway Co. The real estate management package takes effect at the start of 2001.
DALLAS-Two Dallas-based operations - Homegate Hotels and Ameri-First Financial Group Inc. - will jointly acquire 100 hotels of varying brands in 17 states by year's end in a dual-pronged strategy that pumps hard assets into the financial service and cements the hotel operator's presence nationwide. About three hotels, with an average of 250 rooms each, are being bought each week, says Ameri-First's vice president.
AUSTIN-The city's high-rolling economy is fueling good times for the hospitality industry. Occupancy, daily room rates and absorption are on the rise, but the key is a 19.4% jump in the revenue per available room, a leading indicator of a successful market.
RESEARCH TRIANGLE PARK, NC-After an intensive global marketing effort, Motorola has sold its 177,000-sf, 110.4-acre semiconductor manufacturing facility in Research Triangle Park to Cronos Integrated Microsystems, recently acquired by JDS Uniphase Corp.
SEATTLE- Burnham Pacific Properties, a real estate investment trust, owns 13 shopping centers in King, Snohomish and Whatcom counties that will be part of the disposition