Brokerage
JLL Selected to Lease Two Uptown Buildings
By Camelia Bulea, Associate Editor Jones Lang LaSalle Inc. has been selected by Caddo Holdings L.L.C. to lease a 171,956-square-foot office-and-retail portfolio in Uptown Dallas. The portfolio includes 75,956 square feet at 3400 Carlisle St. and 96,000 square feet at 2811 McKinney Ave., according to Citybizlist.com. The two properties, along with 2501 Cedar Springs Ave. […]
Charlotte Douglas International Airport, Sixth-Busiest in the World, to Expand
By Eliza Theiss, Associate Editor Charlotte Douglas International Airport is the sixth-busiest airport in the world in terms of take-offs and landings, this according to data released by the Airports Council International. The almost 540,000 takeoffs and landings handled in 2011 lifted the airport from the eleventh position it held in 2006. It also experienced […]
Extension of Chicago’s Lake Shore Drive Latest Step for 600-Acre Mixed-Use Development
The announcement that Chicago’s Lake Shore Drive will be extended two miles south also highlighted the progress of Chicago Lakeside Development, a 600-acre mixed-use redevelopment of a former U.S. Steel South Works site.
Glimcher Purchases Blackston’s Interest in Pearlridge Mall
by Adriana Pop, Associate Editor Glimcher Realty Trust is purchasing an 80 percent indirect ownership interest in Pearlridge Center, the second largest shopping mall in Hawaii. Glimcher is using a recent common stock offering, and possibly funds from its credit facility, to finance the purchase from affiliates of Blackstone Real Estate Partners VI. The purchase price will be about […]
Inland Empire Keep Rolling With 600 KSF Beaumont Leases
By Alex Girda, Associate Editor Leasing in the Inland Empire continued to pick up steam in the first quarter. CT Realty Investors recently leased nearly 600,000 square feet of space at its facilities at 520 Fourth Street and 415 Nicholas … Continue reading →
Canadian REIT Acquires Westfield Business Park in Elgin
By Gabriel Circiog, Associate Editor Westfield Business Park, a 513,313-square-foot office complex located in Elgin, has been acquired by a newly formed Canadian real estate investment trust, Chicagorealestatedaily.com reports. In February, Commercial Property Executive reported on the intensified activities of Canadian REITs in the U.S. market after Vancouver, B.C.-based Onni Group agreed on a deal […]
Dorel Renews 528 KSF Industrial Lease in California's Inland Empire
In a deal brokered by services firm Cushman & Wakefield, Dorel Juvenile Group has re-signed for 528,000 square feet of industrial warehouse and distribution space in Fontana, Calif., renewing an arrangement that goes back to 2006.
CHRISTUS Health, Auto Parts Distribution Land Major Leases
By Camelia Bulea, Associate Editor CHRISTUS Health has chosen a new headquarters in the Las Colinas business park in Irving, where the company will move its 1,000 employees starting this summer. The 210,000 square feet of office space, called One Macarthur Ridge, is considered to be the perfect facility for the company, meeting its layout, […]
Seaport Square Adds $5 M Innovation Center
By Veronica Grecu, Associate Editor A $5 million plan for a new “Innovation Center” at the South Boston Waterfront that would provide low-cost meeting space for start-up businesses and support the high-tech industry was revealed last week by Mayor Thomas Menino. Designed by architecture firm Hacin + Associates Inc, the one-story structure will include 9,000 […]
Boston's New Longwood Life-Sciences Building Leases 154 KSF
Courtesy of a many-layered deal involving multiple joint-venture partners, Boston’s Longwood area will see the construction of a 413,536-square-foot life-sciences center — and Dana-Farber Cancer Institute has inked a 154,000-square-foot lease in the property.