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TAMPA, FL-Employment gains in high-technology industries and the hospitality sector will translate to higher rents and lower vacancies, according to a new market analysis by Marcus & Millichap Real Estate Investment Brokerage Co.
DALLAS-Dalfen America Corp. of Montreal, looking to buy one million sf per year, makes a stop in Dallas for the 318,695-sf Dominion Plaza, a value-add class A with upside in a 70.3% occupancy. The industry's best guess is the price pushed $30 million.
TAMPA, FL-The first phase of the planned 620,000-sf Port Ybor is a 281,600-sf bulk distribution warehouse under construction and scheduled for delivery in November. The industrial component will total 490,000 sf; the office sector, 130,000 sf.
TAMPA, FL-Marcus & Millichap Real Estate Investment Brokerage Co. has won an exclusive listing from a private Fort Lauderdale, FL-based owner-investor to sell the 240-unit, 5.4-acre property for $11.2 million or $46,667 per unit.
DENVER-New York City-based Madstone closes its lone Denver theater, part of a move by the company to close all of its movie houses across the US. The theater was the largest tenant at Developers Diversified Realty's unanchored center.
TAMPA, FL-A total 55% of the 1.3 million sf of new retail construction coming online this year will be unanchored. Single-tenant construction makes up the next largest segment with CVS and Walgreens continuing to penetrate the market, according to a new analysis by Marcus & Millichap.
TAMPA, FL-Daniel C. Peek, who has been with the locally based hospitality consulting firm since 1995, will head the new venture. Regent Street Hospitality Investment Advisors already has $700 million in assignments and expects to close its first disposition over the next few weeks, Peek tells GlobeSt.com.
TAMPA, FL-Richard Griffin, a former architect and engineer for three New York counties, brings 27 years of experience to his new position here where he will aid C&W clients on property sites selection, architecture and bids.
OLDSMAR, FL-Harrod Properties Inc. of Tampa is completing construction of the customized manufacturing facility in this city five miles from the Clearwater, FL headquarters of Cryo-Cell International Inc., a global processor of cord blood stem cells.