Business Specialties
Economy Watch: CRE Values Slide Again, Ten-X Reports
Prices slipped for the sixth consecutive month in October. A buyer-seller disconnect, investor uncertainty and expectations of interest rate hikes may be contributing.
CBRE Closes Sale of Charlotte Business Park
The new owner plans to invest in multiple upgrades to the five-building property, including rebranding it as Oakhurst Commerce Centre.
Terreno Picks Up Miami Industrial Facility
The fully leased distribution facility sits on a 3.3-acre site and provides dock-high and grade-level loading positions, as well as parking for 49 cars.
Japanese Manufacturer to Build 1 MSF Hub in KC Area
Kubota Tractor Corp. plans to locate its North American distribution hub on 203 acres near the company’s current leased facility in Edgerton, Kan.
Lat Purser to Develop New Charleston-Area Office Buildings
Consolidated Planning will anchor the 14,871-square-foot, two-story development in Mount Pleasant, S.C. Lat Purser expects to complete the project in spring 2018.
Grandbridge Secures $65M Hotel Refi
The permanent, fixed-rate loan was funded through one of Groundbridge’s insurance company correspondents. The hotel is in close proximity to the Boulder Municipal Airport.
HFF Brokers Suburban LA Shopping Center Sale
Located in Burbank, the 165,500-square-foot Plaza Del Sol’s unique mix of property types, full tenant roster and desirable ethnic grocery anchor proved a strong draw for investors.
Dermody Snags Seattle-Area Industrial Complex
The firm acquired the three-building property as well as 18 acres on which an additional warehouse will be built. Meridian Campus Corporate Park’s location is considered ideal for expedient distribution to the Northwest’s major population centers.
Transwestern Tapped to Lease Houston Office Park
The complex consists of two Class A buildings and a separate amenity center. Westchase Park I and Westchase Park II can accommodate new tenants ranging from 5,000 to 140,000 square feet.
Rising Sea Level and RE: How Serious Is its Impact on CA’s Coastline?
Drawing on a full-service land use and real estate development practice, Cox, Castle & Nicholson Partner Stanley Lamport talked to CPE about the impact of accelerated sea level rise and global warming on California’s real estate industry.