Business Specialties
Orgill to Build $68M Distribution Center in New York
Billed as the world’s largest hardlines distributor, the company plans to build its first facility in the Northeast in the upstate city of Rome.
EQ Office Completes $32M Renovation of LA Campus
The Blackstone affiliate has transformed Playa District into a 1.4 million-square-foot property emphasizing lifestyle and wellness experiences.
Common Desk Leases Littlefield Building’s Top Floors
The coworking company will take two floors in the historic property located at the corner of Sixth Street and Congress Avenue, Austin’s oldest office building completed in 1910.
Metro Miami Office Building Sells for $54M
CGI Merchant Group acquired a 162,293-square-foot asset in Coral Gables, Fla. Cushman & Wakefield assisted the seller in the transaction.
Achieving Net-Zero Energy in Office Properties
At this year’s BOMA Conference & Expo, panelists from Rocky Mountain Institute, Morgan Creek Ventures and Sharp Development Co., share six steps to implementing net-zero practices at office properties.
Friedman Finance Arranges Loan for Detroit Asset
Director Ryan Denomme originated the financing through a local bank. The owner of the property acquired it in shell condition and invested in renovations.
HSA PrimeCare Adds MOB to Suburban Chicago Campus
The facility will be part of Silver Cross Hospital’s campus in New Lenox, Ill., and will house the urgent care, occupational health and primary care clinics.
Menlo Equities Acquires Phoenix Office for $52M
The property, fully occupied by Wells Fargo, is situated within Papago Park Center, a large-scale mixed-use development in Tempe, Ariz.
CRE Industry Cautiously Optimistic on Downturn: Survey
Real estate professionals are confident a market downturn won’t occur until at least 2020, but are notably more pessimistic than in recent years, according to a RCLCO report.
Blackstone, COPT Form $265M Data Center Venture
A non-traded REIT sponsored by Blackstone is forming a JV with Corporate Office Properties Trust to buy a 1.2 million-square-foot portfolio of COPT data centers.