Business Specialties
AJ Manufacturing Doubles Capacity, Moves HQ
The company moved to the Three Trails Industrial Park, a Class A industrial park in southern Kansas City, Mo. AJ also added equipment to its new plant.
AY to Lease, Manage Atlanta Office Building
The company, which currently manages more than 20 million square feet of property across the Atlanta region, has been retained to lease and manage a 10-story 213,000-square-foot office building.
Escondido’s 1st Industrial Project in a Decade Breaks Ground
Badiee Development has commenced construction on Escondido Victory Industrial Park, a 91,000-square-foot project designed by Ware Malcomb and slated for completion in the spring of 2018.
Alterra Worldwide Acquires 520 KSF Mixed-Use Asset
The company plans to complete a $104 million redevelopment of the project, which will include 240 units, a 220-key hotel and commercial space.
Downtown Miami Hotel Commands $72M
The new owner selected luxury operator HEI Hotels & Resorts to implement productivity and cost-cutting measures at the newly acquired asset.
Shoes For Crews Moves to Boca Raton
The retail company will relocate to its new 37,000-square-foot office within the Boca Raton Innovation Campus from West Palm Beach, Fla., in March 2018.
Highly Crowdfunded Vehicle Hits Final Close at $151M
Origin Investments’ Fund III, raised from more than 450 investors, is intended to acquire $600 million in value-added commercial properties.
S. Korean Investment Firm Buys NASA HQ in DC
Two Independence Square, the largest asset in Piedmont Office Realty’s portfolio, sold for $360 million, or $593 per square foot.
Seritage, GGP Trade $248M in JV Transactions
The joint venture will continue to own four properties on a 50/50 basis. These assets are located in Texas, Washington, Massachusetts and Oklahoma.
Ivanhoé Cambridge Buys Evergreen for $1B
The transaction, which concludes a two-year search for the right industrial real estate company, expands the Canadian firm’s portfolio by 16 million square feet in U.S. assets.