Business Specialties
Richmond Industrial Facility Trades in $9M Deal
CBRE brokered the sale-leaseback transaction on behalf of locally based seller Pohlig Brothers Packaging. STAG Industrial Holdings purchased the 110,000-square-foot asset.
Boston Office Property Gets $112M in Financing
NB Development Group secured first mortgage financing for 80 Guest Street, a trophy office property and part of the Boston Landing mixed-use project.
Park Hotels & Resorts Sells 3 Assets for $166M
The disposition of the 1,098-key portfolio helps the hospitality REIT curb leverage ahead of its $2.7 billion merger with Chesapeake Lodging Trust.
Kenco Logistics Signs 580 KSF Lease in the Inland Empire
One of the largest woman-owned, third-party logistics firms in the country, the company will move into a 700,000-square-foot building in Perris, Calif., later this year.
Top 5 Office Developments Underway in Austin
The largest project underway is located in the city’s CBD and, upon its 2022 completion, will be occupied by Google.
U-Haul Converts PA Retail Into Storage
The company has repurposed a 178,963-square-foot vacant Kmart store in Indianapolis. The facility now includes almost 600 self storage units.
The Rise of the Multi-Generational Workforce
Five generations are changing the dynamics of the workplace, said Erik Lucken of RSP Architects at the BOMA International Conference & Expo.
Whole Foods Adds SunPower Systems Across CA and NV Locations
Combined, these projects are expected to generate more than 3.9 million kilowatt-hours of electricity annually and SunPower has an additional 2 megawatts planned across 11 stores in California.
Maine Governor Signs Offshore Wind Bill
The bill requires Maine’s PUC to approve the PPA for Maine Aqua Ventus project at the University of Maine, a first-of-its-kind project in the U.S.
Graduate Hotels Expands in OR
Following the June 2018 acquisition, the company has implemented major renovations in order to convert the building into a Graduate Hotels-branded property.