Business Specialties
IKEA’s Illinois Distribution Center Receives LEED Gold
Totaling more than 1.2 million square feet, the distribution center is equipped with the largest solar rooftop in the state, featuring an 8,966-panel solar array.
Meadow Partners Renovates Brooklyn Office Asset
The company has embarked on a quest to improve the Helen Keller Services for the Blind headquarters’ elevators, lobby and building systems.
DataBank Opens its 3rd Dallas Data Center
The 145,000-square-foot facility is connected via a private network to the company’s two other Dallas facilities, allowing tenants to access more than 100 carriers.
Skanska, AECOM Hunt Tapped for Seattle Redevelopment
The estimated $700 million expansion will nearly double the Seattle Center Arena’s interior space to as much as 750,000 square feet. Construction is scheduled to start this fall.
P3 Properties Nabs NJ Office Asset
Related Cos. has sold the 233,000-square-foot Somerset Financial Center in Bedminster, which serves as the local headquarters of specialty pharmaceutical company Mallinckrodt.
Mission Success: Eric Mendelsohn Leads NHI’s Growth Strategy
Three years after unexpectedly assuming the healthcare REIT’s top job, the veteran executive runs a nationwide portfolio with a steady hand.
Georgia-Pacific to Build $150M Plant in GA
Construction of the 320,000-square-foot softwood lumber mill, which will be located in the Albany-Dougherty Industrial Park in Albany, is scheduled to commence by the end of 2018.
Safety Net?
Interest in single-tenant net-leased properties is gaining momentum. A strengthening economy and the newly introduced 20 percent deduction on income from pass-through entities are some of the factors behind this trend.
Industry Faces Shortening Runway in 2018
The U.S. economy is showing few signs of deceleration, creating a matrix of growth opportunities across markets and property types. But for all its strengths, the real estate industry still faces its fair share of headwinds, as the post-recession recovery borders on a decade.
Tossing the Affordability Coin
NAR economist George Ratiu discusses how rising student debt levels impact the largest share of homebuyers—Millennials—and how the affordability landscape is shaping up across several major metros.