Business Specialties
NAI Hiffman Arranges Large IL Warehouse Lease Expansion
The tenant, JBS Logistics & Warehousing Inc., will occupy close to 400,000 square feet in the Chicago I-88 Corridor submarket.
Construction Tech Startups’ Meteoric Rise
Todd Burns, president of JLL’s project and development services group, explains what led venture capitalists to invest more than $1 billion in these companies in the first half of 2018—a 30 percent increase over 2017’s total.
Westcore Properties Adds LA-Area Facility to Holdings
The fully leased industrial facility is located in Moorpark, Calif. NKF Capital Markets worked on behalf of the seller, whereas the buyer was self-represented.
HALL Structured Finance Arranges Loan for AZ Hotel Redevelopment
The owner is set to transform the 32-key CopperWynd Resort into a 177-key luxury hotel that will operate under the Marriott Autograph Collection flag.
Brookfield Properties Lands 73 KSF Houston Office Lease
The landlord closed a lease renewal within the 4.2 million-square-foot Houston Center, at LyondellBasell Tower. Law firm Haynes and Boone will occupy three floors at the property.
Richmond Office Building Trades in Sale-Leaseback Deal
Southern States Cooperative received $14.7 million for the six-story asset. The buyer selected Cushman & Wakefield | Thalhimer to handle property management and leasing services.
Hines Trades NorCal Office Portfolio
Basin Street Properties paid nearly $45 million for three buildings in Sacramento’s Point West submarket. The assets total more than 345,000 square feet.
CBRE to Lease Office Component of Major FL Development
The CBRE team will spearhead marketing efforts at an upcoming office building within the mixed-use Metropica project taking shape on a 65-acre site in Sunrise.
Chicago’s Green Efforts Turn to Platinum
Launched in 2016, USGBC’s program enables cities to benchmark and communicate the performance of sustainability initiatives across more than a dozen metrics.
Hotel Equities, Virtua Partners to Grow Hospitality Footprint
Virtua will be making a series of investments totaling more than $500 million, to help the Atlanta-based firm move into new regions in the U.S. and Canada and expand in current markets.