Business Specialties Leasing
Vehicle Developer Finds a 37,500SF Home in Suburban Detroit
July 25, 2008

The automotive industry in Detroit may be battered but it's not beaten. U.K.-headquartered Gibbs Technologies, a globally recognized developer of high-speed vehicles for consumer and military use, has chosen a property in Auburn Hills as the home of its new North American headquarters. The company will settle into a 37,500-square-foot building on a two-acre site at 2046 Brown Road, about 35 miles from Detroit. From the city, county and state levels, officials campaigned heavily to bring Gibbs to Auburn, competing against other sites in the Great Lakes region, as well as in the southeast. The incentive package for the company included a 10-year $5.9 million tax credit that was just approved by the Michigan Economic Development Corporation. Gibbs plans to shell out over $13 million for equipment and infrastructure improvements at the site.

 
Recent Leasing Headlines
Balance Tips Toward Tenants in Manhattan: Cushman & Wakefield’s Harbert
Oct. 07, 2008
Hard numbers are confirming what real estate professionals have suspected for months about the nation’s largest office market. According to Cushman & Wakefield’s third-quarter report, Manhattan is showing the clearest signs yet of softening since the credit crisis began last year.
215,000-SF Coral Gables Office Project Secures First Lease
Oct. 07, 2008
Rockefeller Group Business Centers Inc. has become the first business to commit to space on the tenant roster at Ponce de Leon Towers, a 215,000-square-foot office project in Coral Gables, Fla.
CBRE to Market Hearst Tower Retail
Oct. 07, 2008
CB Richard Ellis Inc. has been named exclusive retail leasing agent for Hearst Tower, located on the southwest corner of Eighth Avenue and 57th St. in New York City. The tower has a pair of high-profile retail spaces, according to CBRE.
ProLogis Leases 460,000 SF in Shanghai
Oct. 07, 2008
ProLogis has announced it has leased a total of approximately 460,000 square feet to two customers in Shanghai, China In the Pudong submarket of Shanghai, at ProLogis Park Jinqiao,
Manhattan Office Market Reaches Uncharted Waters
Oct. 06, 2008
The flagship of the United States office investment and leasing market, Manhattan is now also at the heart of the financial crisis. The stunning events of recent weeks point to a new era for the economy, but experts differ about how the changes will play out in Manhattan’s commercial real estate market during the next several quarters and beyond.
 

 

ProLogis Lands on Two New Dow Jones Green Indices
October 03, 2008
By Judy Feldman, Contributing Correspondent -- ProLogis announced October 2nd that it has been included on the Dow Jones Sustainability Indices. These indices are the first to track the financial performance and viability of leading businesses worldwide known for their...

Colonial Properties Sells M-F Asset for $58M
October 03, 2008
By Judy Feldman, Contributing Correspondent -- Colonial Properties Trust has announced that it has completed the sale of Colonial Grand at Hunter's Creek, a 496-unit apartment community located in Orlando, Fla. The asset went for $57.7 million in net proceeds,...

KW, Guardian Life Partner on $84M San Jose Apartment Purchase
October 03, 2008
By Barbra Murray, Contributing Editor -- Beverly Hills-headquartered Kennedy Wilson Multifamily Management Group and New York City-based Guardian Life Insurance Co. of America have shelled out $84 million for Avalon at Blossom Hill, a 324-unit apartment property in San Jose,...

Lanesborough REIT Acquires Office, M-F Complex in Canada for $38M
October 03, 2008
By Elena Gontar, Staff Writer -- Lanesborough Real Estate Investment Trust has completed the previously announced $38 million acquisition of an apartment/office complex in Winnipeg, Manitoba, known as Colony Square. Lanesborough REIT had previously owned a 1.5 percent beneficial interest...

REal Talk with Adam Perrotta-Thursday
October 02, 2008
By Adam Perrotta --With all the talk of late about the financial slowdown and credit freeze, the past couple of days have seen a surprising amount of projects getting major financing. Just today and yesterday have seen Bozzuto getting a...

Management Matters with Mike Myatt: Partisan Politics Not Always Bad
October 03, 2008
The truth about partisan politics is that contrary to public opinion, it's not always a bad thing. Likewise, bipartisan efforts don't always reflect altruistic behavior and selfless acts. From my perspective, it isn't necessarily the stance you take, but rather...

Management Matters with Mike Myatt: Facing Up to Rogue CEOs
September 26, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Rogue CEOs. Given the recent failures of banks and financial institutions previously thought to be untouchable, there has been a tremendous amount of justifiable venom being spewed at the CEOs of these firms....

When to Consider Corporate Restructuring
September 19, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Times are tough, and they're likely to get tougher, so my question is this; Should you, or should you not, consider a move toward corporate re-engineering? Whether directly or indirectly, your business will...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...