Business Specialties
RFR Buys Manhattan Asset for $123M
ASB Real Estate Investments sold the historic building at 875 Washington St. in the Meatpacking District on behalf of its Allegiance Real Estate Fund.
SmartStop Acquires NJ Storage Facility in $30M Deal
Levin Johnston of Marcus & Millichap facilitated the sale-leaseback of the 1,777-unit property in Newark, N.J.
Mericle Adding 6 Industrial Buildings in Pennsylvania
Located within the CenterPoint Commerce & Trade Park in Jenkins Township and Pittston Township, the speculative buildings will encompass 802,000 square feet.
Colliers Lands 2 Michigan Stores for Gourmet Donut Brand
The Donut Conspiracy is opening locations in Grand Rapids and Grandville with help from Colliers International, which found the new sites for the dessert and coffee retailer.
Investcorp Acquires $170M Industrial Portfolio
The eight buildings, which are spread across the U.S., comprise 1.4 million square feet and are 100 percent leased to such tenants as FedEx Ground and XPO Logistics.
Yext Lands in New Manhattan Tower for $150M HQ
The online brand management startup will pay around $1 million in monthly rent for the 142,500-square-foot space in the Vornado Realty Trust property, which will serve as its global headquarters.
Industry Leaders Weigh In on Investment: CPE 100 Survey
In the year’s first survey of the industry leaders who comprise the CPE 100, executives weigh in on the outlook for commercial real estate investment, the performance of their own companies and what’s ahead for the economy.
Nashville Hyatt Gets $66M Construction Financing
C.B. Ragland’s 252-key development will rise 20 stories in the city’s SoBro district. The hotel’s opening is scheduled for summer 2021.
Coworking Grows in San Diego as Biotech VC Stumbles
The shared office sector is booming in the Southern California city, a new report by CBRE suggests, while venture investment in life sciences retreated during the first quarter.
Amazon Inks 48 KSF Lease for Northern Virginia HQ2
The new lease brings the company’s total leased space with JBG SMITH, its partner in the creation of the new headquarters, to 584,500 square feet.