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NEW YORK CITY-A jolting study on real estate trends may finally provide perplexed industry-watchers with the answers they've been pining for. In an exclusive interview, its author explains his warts-and-all economic analysis.
MESQUITE, TX-High-rollers have zeroed in on the Dallas-Ft. Worth market, where class A multifamily sales reap nearly $38 million in two unrelated sales. A Grubb & Ellis team snagged the coup with two of Mesquite's four new complexes.
NEW YORK CITY-A jolting study on real estate trends may finally provide perplexed industry-watchers with the answers they've been pining for. In an exclusive interview, its author explains his warts-and-all economic analysis.
TAMPA, FL-Combination office/warehouse product is moving steadily with asking rents at about $8 per sf. The locally based brokerage completes seven deals totaling 43,528 sf with an estimated aggregate value of $2 million. Tampa is 80 miles west of Downtown Orlando.
WEST PALM BEACH, FL-Prakas Group is awarded exclusive agreement to represent the fast-growing restaurant chain in the sale of the New York-style bar and grill on Clematis Street in this Palm Beach County city, 67 miles north of Miami. The asking price wasn't disclosed.
TAMPA, FL-The privately held Rahway, NJ-based developer/investor picked up two office properties totaling 160,000 sf from its $186.3 million acquisition in May of the 2.7 million-sf Banyan Strategic Realty Trust (Chicago) asset package. Tampa is 80 miles west of Downtown Orlando.
ATLANTA-The locally based shopping center investor/developer posted net earnings of $13.9 million or 45 cents per diluted share versus $15.6 million or 47 cents per diluted share last year.
MIRAMAR, FL-The Chicago-based parent of DeVry Institutes of Technologies signs a 15-year lease valued at roughly $36.5 million, based on mid-year estimates of $24.34 per sf for this Broward County submarket, 16 miles north of Miami.
MINNEAPOLIS-A backlog of 648 residential units is up from a year ago and new orders are down a bit for the home builder that concentrates on this market as well as Tampa, FL and Des Moines, IA.
TAMPA, FL-Locally based Zaremba Brandon buys the 0.9-acre pad (39,204 sf) at Regency Square Shopping Center in Brandon, FL, a Tampa suburb, for $800,000. Zaremba plans a free-standing jewelry store on the site. Tampa is 80 miles west of Downtown Orlando.