Business Specialties
JLL Brokers Sale of 45-Acre Orlando Site
Exeter Property Group purchased the land for $8.4 million, with plans to begin speculative construction of a large distribution center in Orlando’s Airport submarket.
Informa Consolidates NYC Offices in Midtown
Fisher Brothers will welcome the events and publishing company to 605 Third Ave., a recently renovated Class A office tower. The firm plans to occupy three floors by the first quarter of 2018.
C&W Expands PDS Team
With more than 15 years of working together at various companies including Eagle Rock Partners, CBRE and Trammell Crow Co., Ken Loeber and Terry Rennaker are bringing their partnership to Cushman & Wakefield’s Project & Development Services.
Gramercy to Launch E-Commerce JV, Make Large Logistics Buy
With this deal, the company’s 2017 investment volume will hit $998 million. It currently has an additional $386 million of acquisitions awarded or under contract.
Phillips Edison Adds 600 KSF to Its REITs
Acting on behalf of its two real estate investment trusts, the company acquired six grocery-anchored properties in various transactions.
Sacramento-Area Walmart Central Trades for $40M
Nazareth Enterprises Inc. surpassed the $100 million mark in acquisitions in the third quarter with the purchase of the 139,277-square-foot asset in Folsom, Calif.
KBS Nabs 2 Class A Offices in Oakland City Center
NKF represented the sellers, Rubicon Point Partners and Canyon Partners Real Estate LLC. The assets total 367,357 square feet and are currently 92 percent occupied.
Smithfield Foods Invests $100M in NC Facility
The producer plans to create approximately 250 new jobs by building a new distribution center and expanding its storage capabilities in Tar Heel.
PGIM Secures $33 Million Loan for Columbus Retail Center
The financing will support capital improvements to Graceland Retail Center, a 456,021-square-foot property located nine miles from Columbus’ central business district.
KSL, HCC Purchase Utah Ski Resort
Deer Valley Resort offers more than nine properties in addition to its signature collection of private homes and condos. The transaction is anticipated to close prior to the upcoming 2017 to 2018 ski season.