Business Specialties
DAUM Closes 200 KSF CA Industrial Lease
United Exchange Corp., a global manufacturer of consumer goods, signed an 87-month lease at a newly built warehouse in Rialto, Calif., and will be relocating from it’s Cerritos, Calif., facility.
Gene Kaufman-Designed NYC Hotel Tops Out
The $10 million property will feature 79 guestrooms across 21 stories totaling 34,000 square feet. Optima Real Estate is the project’s developer.
Miami Worldcenter to Reshape City’s CBD
Nitin Motwani, managing partner of Miami Worldcenter Associates, talked to CPE about the 27-acre master-planned development taking shape in downtown Miami and how the project will transform the city’s urban landscape.
CBRE Closes Sale of 51 KSF Retail Asset in CT
The 50,800-square-foot grocery-anchored property is located halfway between Westport and Fairfield town centers and is currently 95 percent leased.
REIT Gets SEC OK for St. Regis Aspen Resort IPO
Upon closing of the $33.5 million initial public offering, the company would become the first single-asset REIT to list on a U.S. securities exchange.
Former Home of American Stock Exchange Up for Lease
For the first time ever, a joint venture between GHC Development and Clarion Partners is opening up the historic building at 123 Greenwich St. in Manhattan.
JV Acquires 85-Acre IL Land Parcel
Formerly known as Busse Farm, the land will be used for the development of Elk Grove Technology Park, a 1.2 million-square-foot industrial and data center property.
NC Office Asset Fetches $56M
HFF marketed the property on behalf of an institutional owner advised by Clarion Partners, and arranged acquisition financing with Citizens Bank.
NC Mixed-Use Project Lands $35M Financing
Trez Forman Capital Group arranged the construction loan for River Place, a luxury riverfront property in downtown Wilmington. East West Partners is the developer of the 13-story building.
Tempo Automation Signs San Fran Lease
The company will relocate its headquarters to approximately 42,000 square feet of industrial space just outside the city’s downtown area.