Business Specialties
Amazon’s Central Florida Industrial Facility Sells for $58M
A new owner has emerged for the Florida Crossroads Logistics Center, a 617,000-square-foot property formerly owned by Redrock Developments and Wharton Industrial.
Manhattan Office Building Lands $100M Refi
PGIM Real Estate provided the 15-year financing to Jack Resnick & Sons and its joint venture partner, The Ruben Cos.
Podcast: What’s Next for Urban Retail?
“We need to learn how to live with risks,” said EastBanc Principal Philippe Lanier, a retail landlord in Washington, D.C.’s Georgetown neighborhood. Tune in to find out his expectations for this summer’s shopping season and why the longer-term picture is quite positive, despite consumers’ currently cautious mood.
Top 10 Office Projects Under Construction in Chicago
According to Yardi Matrix, more than 9 million square feet of office space was in the pipeline as of June, with two large projects breaking ground during the shutdown.
Top 5 Secondary Markets for Self Storage Development
More than 44 million square feet of storage space was planned or underway in secondary markets as of May. CPE identified the top-performing markets based on the new-supply pipeline as a percentage of existing stock.
Colony Capital Leads $1.2B Investment in Vantage Data Centers
Valued at $3.5 billion, the new strategic partnership will both boost Vantage’s ability to expand its portfolio and help accelerate Colony’s reorientation toward digital infrastructure.
IQHQ Buys $125M Cambridge Life Sciences Campus
The real estate development company purchased the corporate headquarters of GCP Allied Technologies in a sale-leaseback transaction.
Renaissance Baltimore Harborplace Hotel Commands $80M
Sunstone Hotel Investors reportedly agreed to lower the price of the 622-key waterfront property in response to the pandemic.
Black Creek Buys Northern Virginia Warehouse for $53M
Amazon is one of two tenants at the newly delivered last-mile industrial property in Springfield.
Cohen Asset Management Expands Phoenix Industrial Footprint
The company paid $30.7 million to acquire a 325,800-square-foot logistics property that is fully occupied by two tenants.