Business Specialties
Shea Nabs 7 Leases at San Diego’s Mercado del Barrio
The new leases totaling 15,600 square feet bring the occupancy of the retail section of the project to 93 percent. The $80 million development was created in 2013 to help revitalize and preserve Barrio Logan’s cultural legacy.
Furniture Company Leases 47 KSF in Suburban NJ
In a deal brokered by NAI James E. Hanson, GBK Group Inc. expanded its warehousing and distribution business by occupying space at a retail and industrial/flex building in Fairview, N.J.
Northwestern Mutual’s New HQ Opens in Milwaukee
The 1.1 million-square-foot project on Lake Michigan will house about 2,400 employees, relocating them from the company’s downtown and Franklin campuses.
LG Electronics Breaks Ground on 1MSF TN Factory
The highly automated facility will produce front- and top-load washing machines, turning out a new appliance every 10 seconds, while the change between models will be performed in less than four minutes.
SL Green, Vornado Snag $1.2B Refi for Manhattan Tower
The new loan on the 280 Park Ave. office building, now 97 percent leased following its emergence from a sweeping $150 million renovation, replaces the $900 million refinancing secured in 2016.
Appetite for Restaurants Stays Healthy, Despite Volatility
Notwithstanding some hiccups, like declining revenue in the fast-food sector, the market for net-leased eateries has never been stronger, Matthew Berres and Scott Bailey of JLL explain.
Boat Manufacturer Expands Dorchester County Operations
Sportsman intends to invest $3.5 million in a 70,000-square-foot addition to its existing facility. The company expects to create 100 new jobs.
TOD Gets High-Touch Treatment in San Francisco
San Francisco’s Transbay Terminal is getting a high-tech media platform, thanks to its new promotional partner, Pearl Media. The state-of-the-art transit hub, to be renamed Salesforce Transit Center, will feature 274 digital screens, along with shopping, dining and a rooftop park.
Binswanger Arranges Sale of 158 KSF Industrial Property
The Town of Double Springs, Ala., purchased the 19-acre site in order to assist with industrial recruitment and job creation for the area.
DoubleTree Adds Hotel in Thriving NoVa Hub
Located within walking distance of Virginia’s largest shopping mall, the 168-key property is owned and managed by B. F. Saul Company Hospitality Group.