Business Specialties
Cloud Activity Drives Data Center Demand
Northern Virginia remains the sector’s largest market, but the lack of supply in some major metros is expected to drive more growth in secondary markets like Phoenix, San Antonio and Austin.
AT&T’s Dallas HQ Building Changes Hands
CBRE has facilitated the sale of the 37-story Whitacre Tower on behalf of Icahn Enterprises. AT&T’s lease renewal through 2030 played a significant role in attracting more than 20 bidders.
MOB Sector Keeps Thriving
Demand for the specialty product is likely to stay robust for the long term, Marcus & Millichap predicts in a new report.
Sacramento Valley Retail Center Changes Hands for $18M
The shopping center opened its doors in 1985, anchored by K-Mart. Engstrom Properties renovated the asset and shifted toward a diversified mid-size tenant roster.
Benderson Development Grabs Bay Area Retail Asset
The vacant building that used to be home to Toys “R” Us and Babies “R” Us contains approximately 45,000 square feet.
Coworking Company Enters Charlotte With 23 KSF Lease
Serendipity Labs will occupy the top floor of The Refinery, an upcoming Class A office building just outside of uptown.
On the Market: 5 Interesting Listings for August
This month’s listings include several modern office buildings on the West Coast; a top-of-the line medical center in Fort Wayne, Ind.; and a recently completed retail center in Kennewick, Wash.
CBRE Global Investors Acquires $49M Phoenix Facility
The distribution center changed hands with help from JLL Capital Markets, which arranged the transaction on behalf of the seller.
Home2 Suites Breaks Ground in PA
The 109-key hotel west of Philadelphia is slated to come online by next summer. Investment company Roch Capital owns the project.
REI Refinances Indianapolis Office Tower
The 27-story downtown building landed a fixed-rate loan from Nationwide Real Estate Investments, with HFF spearheading efforts for the borrower.