Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
MEDFORD, MA-The Massachusetts Highway Department gives $12 million to the Telecom City project, a 200-acre, $750 million development located here and in Malden and Everett to improve its road infrastructure. Despite the current economic climate, the project is forging ahead.
ST. PAUL, MN-User fees or proceeds from expanded gaming in the state are among proposals to provide public money for the stadiums. Total cost of both stadiums is estimated at $825 million.
NEW YORK CITY-The former mayor pulled a behind-the-scenes Hollywood shuffle during his last week in office, quietly green-lighting a Staten Island movie-studio plan helmed by ex-mayoral crony Danny Aiello and a $40-million handout that could finally get cameras rolling at the Brooklyn Navy Yard.
ROCHESTER, MN-The architectural and engineering firm has tapped Gary Gray as head of the new office. The move is part of the firm's local focus, putting offices in areas where its clients are.
FORT MYERS, FL-The Florida Forever Acquisition and Restoration Council has recommended the state purchase 10,000 acres of the Babcock Ranch and place another 34,000 acres under an environmental easement that would prevent future development. In return, the Babcock family would be allowed to develop 20,000 acres. Gov. Jeb Bush and the Florida Cabinet rule on the plan Jan. 29.
SAN FERNANDO, CA-Acey Decy, which services the entertainment industry, buys a 58,000-sf industrial building here and will move its 40 workers from North Hollywood next month. The deal reflects a growing appetite for space-users in the area to own rather than rent.
DETROIT-The smaller of the two grants, $150,000, helps the local Port Authority conduct environmental investigation and limited remedial activities on 35 acres along the Detroit River on West Jefferson Avenue.
NEW YORK CITY-The Manhattan-based REIT and the New York State Common Retirement Fund expand their joint venture, adding $50 million and $150 million, respectively, for the acquisition of an additional $560 million in net-leased office and industrial properties.
ANAHEIM, CA-Separate buyers acquire all six buildings in the development company's recently converted Lakeview Business Park. The 165,000-sf complex is the former home of a packing plant.