May 30, 2008 - L.A. Investor Makes Record Deal in Dallas
The Dallas Morning News has reported that Cannon Commercial, based in Los Angeles, has finalized the purchase of Galleria Towers I, II & III in Dallas Texas from Fortis Property Group, LLC. Though the terms of the deal were not disclosed, sources close to the transaction have estimated that the closing price was in [...]
May 29, 2008 - Trends in Tampa
Marcus & Millichap released an Apartment Research Report this week observing that the depletion of apartment stock in 2005 and 2006 reduced vacancy and fueled substantial rent growth in Tampa, FL.
"Population growth will drive housing demand and absorb the excess supply in the market," says Steven Ekovich, regional manager of the Tampa office of [...]
May 28, 2008 - Are Atlanta’s lowered rates more of a hindrance than a help?
At a recent meeting in Atlanta of the National Association of Industrial and Office Properties, real estate investors speculated that the tempered rent rates could further stifle the flow of money in the area’s economy that’s needed for the financing new office property projects. If the rental rates remain stagnant in the area, will the [...]
May 27, 2008 - The Perfect Office
chicagotribune.com
The perfect office: Nap areas. Energy-efficient elevators. Color. Free food.
A survey of office workers’ attitudes toward their work spaces found that a third had taken or left a job because of the amenities or unsavory conditions of a building. Another one in three worried about sickness or injury due to the unsanitary or unsafe state [...]
May 22, 2008 - Non-profit Building Sells for $1M in Minneapolis
As reported by crefeed.com, Mosaic Properties, LLC has finalized the purchase of a 6,803 square foot office building in downtown Minneapolis for $1 million, another in a line of recent sales in the greater Minneapolis area (Holliday Fenoglio Fowler recently purchased office space in the same area for $28.5M, and ASB Real Estate Investments acquired [...]
