Business Specialties
Exeter Property Buys Inland Empire Distribution Center for $98M
The company bought the Class A facility in San Bernardino, Calif. Bob’s Discount Furniture is the 800,000-square-foot property’s only tenant.
Cross-Border Investment in US Industrial Real Estate Hit $14B in 2018
Together, Canada, China and Singapore accounted for roughly $10 billion of the investment volume, according to a new report by CBRE.
There’s a New $800M Ball Game in Hutto, TX
The public-private partnership is set to transform the City of Hutto into one of the top scouting destinations in the U.S.
CBRE Adds New Tampa SVP
Barry Hanerfeld will report to Mike DiBlasi, the company’s new Tampa managing director. Most recently, Hanerfeld served as managing director with Cushman & Wakefield.
Related Cos. Buys NYC Office Condo in $2.2B Sale-Leaseback
WarnerMedia sold the space at 30 Hudson Yards to an affiliate of Related Cos. The deal is anticipated to close during the second quarter of 2019.
Downtown NYC Tower Inks 95 KSF in Leases
Owner Jack Resnick & Sons signed new deals and expansions at 199 Water Street, its 1.1 million-square-foot office property in Lower Manhattan.
Houston Tower Earns LEED Platinum Pre-Certification
The U.S. Green Building Council recognized the 1 million-square-foot skyscraper Hines and Ivanhoé Cambridge are developing in downtown Houston for its commitment to sustainability.
CMBS Market Update
Commercial mortgage-backed securities origination has declined significantly in early 2019, though the falloff in volume this year may yet turn out to be more modest than the 10 percent initially projected. Read our latest CMBS Update.
Bay Area Project Lands $515M in Financing
The U.S. arm of China’s Genzon Investment Group is developing the more than 800,000-square-foot office campus in Burlingame, Calif., which will be occupied by Facebook’s virtual reality firm Oculus. A Cushman & Wakefield team secured the financing package.
In the Next Downturn, Public Markets Will Be CRE Investors’ Best Bet
Those expecting to hunt for discounts during the next down cycle should get up to speed now on REITs, contends Dr. Peter Linemann.