Business Specialties
Pacific Retail to Manage Chicago South Loop Shopping Center
Encompassing 300,000 square feet, Southgate Market is home to major chains such as Whole Foods, PetSmart, Marshalls, LA Fitness or Starbucks.
India’s OYO Hotels Plans $300M US Expansion
The fast-growing, “value-chic” hospitality chain already has a presence in Atlanta, Miami and several Texas cities, and expects to enter numerous new markets over the next few years.
NorCal Industrial Building Receives $13M Refi
NorthMarq arranged the 10-year loan for a single-tenant, 348,500-square-foot facility located in Fairfield, Calif., around 3 miles from the city’s downtown.
Target Aims for 100 Percent Renewable Energy by 2030
The retailer currently uses roughly 22 percent renewable energy and has set to generate 60 percent of its energy through green sources by 2025.
Stan Johnson Brokers $20M Retail Sale in TX
Tom Fritz and Brandon Duff represented the seller in the disposition of The Shops at Abilene Village, a 145,000-square-foot, multi-tenant retail center in Abilene.
Utah’s Salty Solar Storage Solution
An unusual geological feature in central Utah provides the setting for a plan to create a 1,000-megawatt solar energy storage project.
Tampa Industrial Facility Sells for $26M
ASB Real Estate Investments purchased the 368,664-square-foot warehouse on behalf of its Allegiance Fund. The property is fully leased, with a tenant roster including Amazon.
Digital Realty’s International Growth Continues
The new 28-megawatt facility, spanning over more than 247,000 square feet, will be connected via dark fiber to subsequent phases of the Digital Osaka Connected Campus.
Peloton Warehouses With CenterPoint in Chicago
The company will join Xpress Global Systems at the owner’s speculative building in Franklin Park, bringing the facility to 50 percent occupancy.
Industry Watches as Fed Says No Rate Cut—For Now
The Federal Reserve opened the door to an easing of monetary policy next month, which is good news and bad news for real estate investors.