Business Specialties
Phoenix Industrial Asset Reaches Full Occupancy
JLL signed new tenants InVue and Aquafil, bringing Colony NorthStar’s industrial portfolio to full occupancy. The market’s record-low vacancy and all-time high absorption rates made for an attractive investment opportunity.
Columbus Convention Center Debuts $140M Transformation
LMN Architects rehabilitated the 800,000-square-foot multi-building asset and also added 137,000 square feet of new space. The project anticipates LEED Silver certification.
TechSpace Extends National Footprint
Two Liberty Center in Arlington, Va. will house the firm’s 10th TechSpace campus, which will include 20,000 square feet of interconnected office suites.
Marriott Debuts in Sri Lanka
Weligama Bay Marriott Resort & Spa features 188 keys and 10 suites. Additionally, the hotel offers four meeting rooms and more than 5,000 square feet of meeting space.
TruAmerica Acquires $47M Orlando Community
As one of the strongest multifamily markets in the U.S., Orlando has a very frothy investment market. TruAmerica intends to enhance the 300-unit property located between the area’s chief financial drivers.
First Phase of Bakersfield Commons to Start in 2018
World Oil Corp., which owns the site, chose Trammell Crow Co. to be the master-developer of the project that will feature residential, retail, industrial and office space along with a luxury theater and hotel.
Report Explores Technology’s Role in CRE Trends
Possibilities include wi-fi ads, multi-building green planning, even drone high-rises. The bank’s latest report details what’s still to come and what the industry’s disruptors will be.
USAA Phoenix Master-Planned Community Breaks Ground
The upscale 400-acre community will feature entertainment, shopping and dining options to its residents. USAA Real Estate expects to finish the first phase within one year.
Meridian Expands SoCal Portfolio
The company has added The Laguna, a 57,057-square-foot medical office building, to its portfolio, with plans to complete a $24 million renovation.
Orlando Office Tower Welcomes New Tenant
Franklin Street’s team of Yvonne Baker and Nicole Willerer represented the owner in the lease negotiations with Pipeline Workspaces. The tenant plans to move into the former Wells Fargo Tower in early 2018.