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Working alongside engineer Steve Midgley, the two built LoopNet into the internet's largest commercial real estate listing service. LoopNet underwent three rounds of private venture capital financing in 1997 (Indo Suez), 1998 (Trinity Capital & Partners) [ 1 ] and $20 million in 1999 from fourT5 real estate brokers.
The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. [ 6 ] [ 7 ] As of December 2022, the company owned 5,495 buildings comprising about 1.2 billion square feet [ 8 ] in 19 countries across North America , Latin America ...
The Bayport Industrial District is a large commercial real-estate development located in Southeast Harris County, Texas, within the Bay Area of Greater Houston. It is one of the two industrial districts in the extraterritorial jurisdiction of La Porte (the other being the Battleground Industrial District). [ 1 ]
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
CoStar Group, Inc. is an American provider of information, analytics, and marketing services to the commercial property industry in North America and Europe. Founded in 1987 by Andrew C. Florance and based in Washington, D.C., the company has grown to include the online database CoStar and several online marketplaces, including Apartments.com and Homes.com.
The company “Hines” (first named Gerald D. Hines Interests) was founded in Houston in 1957 by Gerald D. Hines, an American real estate developer with a background in mechanical engineering. The company initially began as a side-business to an engineering partnership after Gerald D. Hines moved to Houston for work in 1948. [5]
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