Business Specialties
Dermody Snags Silicon Valley Class A Industrial Asset
JLL is spearheading leasing efforts for the fully vacant 111,043-square-foot building developed by Panattoni in 2016. This is one of the few Class A industrial developments in the area.
Tropicana Entertainment Buys Chelsea Hotel in Atlantic City
The boutique lodging property will be incorporated into the company’s 2,400-key casino resort across the street.
Sealy & Co. Acquires 1.2 MSF Industrial Portfolio
The company has expanded its holdings with the purchase of 17 warehouse/distribution buildings in the Southwest submarket of Oklahoma City.
Credit Suisse Snags LA Office Building
The Swiss company paid $59 million to acquire the Class A property in Glendale, Calif., from a joint venture between Lincoln Property Co. and Morgan Stanley.
Tenants on the Sharing Economy
This month CPE partnered with Kingsley Associates to ask tenants what they think about communal resources, such as workspaces and expenses.
Avison Young Brokers $24M MOB Sale
A joint-venture between Foulger-Pratt and a global real estate investment management firm sold the Class A asset in Silver Spring, Md., to Healthcare Realty in an off-market transaction.
JLL Tapped to Lease Phoenix Industrial Project
The company is the exclusive leasing broker for Skyway Commons, an upcoming 110,221-square-foot facility owned by Silagi Development and Management.
Faris Lee Closes Stockton Retail Deal
West Hammer sold the 15,314-square-foot multi-tenant retail strip center for $7.1 million. The 1031 exchange buyer was attracted to the asset’s location and the triple-net lease structure.
Nation’s Greenest Office Markets: CBRE Report
The study found that institutional owners continue to seek green building certifications across the 30 largest metros of the U.S. Of all the properties surveyed, 10.3 percent have Energy Star labels while 4.7 percent are LEED certified.
Blackstone to Acquire Leading Exhibit Space Provider
The company will be joined by Firestone Investments in the acquisition of International Market Centers. The transaction is on track to close in the third quarter of 2017.