Commercial Real Estate News Roundup For May 18, 2015

 

Junior boxes get a look, senior partners work out a merger, and a record price per unit sale. It’s all here at the Commercial Real Estate national news Roundup for May 18. 2015

 

General

 

Office

 

Industrial

  • Valley industrial real estate market on the upswing, Fresno Bee, May 13, 2015 – U.S. Industrial market bullish as vacancies drop to 10 year low of 7 percent. Boom is partially due to foreign investors who see U.S. as a safe and stable environment compared to their own countries.
  • 27-property industrial portfolio changes hands, Commercial Property Executive, May 13, 2015 – Investor appetite for industrial properties in the Dallas-Fort Worth area holding strong as Dallas-based Crow Holdings buys 27 building portfolio located in DFW and Houston.
  • Zilber buys LakeView industrial buildings in $10.4M investment, Milwaukee Business Journal, May 13, 2015 – Zilber Properties continues to make a play for control of  the I-94 corridor between Milwaukee and Chicago with purchase of LakeView industrial buildings for $10.4M.

Retail

  • Retail development gains momentum, National Real Estate Investor, May 14, 2015 – New retail construction almost at peak levels last seen in 2005 where it topped out at 25.5 million square feet.
  • Rhode Island Mall to be sold to Baltimore company, Providence Business News, May 12, 2015 – Plan moves forward to gut Rhode Island Mall’s 160,000 square foot interior and renovate space into two levels for up to six “junior box” retailers.

Multifamily

 

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