Business Specialties
JV Buys Into Suburban DC Office Complex
The Pinkard Group and Principal Real Estate Investors joined forces to acquire a 193,000-square-foot Class A office building located within the 94-acre mixed-use Worldgate complex in Herndon, Va.
Co-Working Firm Spaces Coming to Chicago
The Amsterdam-based company has inked a 27,110-square-foot lease in Lincoln Park. This is its first location opened in Chicago and the 14th one in North America.
CBRE Closes Sale of 128 KSF San Diego Industrial Park
A 1031-exchange buyer paid $18 million to acquire Southrail Business Park in Chula Vista, Calif., from Focus Real Estate LP.
Midtown East Rezoning: Not for the Faint-Hearted
The new plans approved by the New York City Council allow the construction of modern office space, reduce challenges for redevelopments and aim at upgrading the area’s transit and pedestrian infrastructure. Still, experts say only sophisticated developers will be able to take advantage of the approved regulations.
Trailer Manufacturer Strengthens PA Footprint
M.H. Eby purchased a 95,000-square-foot production plant in Ephrata for $3.3 million. Eby currently operates two other facilities in Lancaster County, but intends to move all Pennsylvania manufacturing operations in the Ephrata facility.
HFF Closes LAX Doubletree Sale and Financing
Umbrella Hotel Group purchased the 216-key hotel in El Segundo, Calif. HFF marketed the property on behalf of the seller and secured a mezzanine loan for the buyer.
Citrine Advisors Acquires Historic Portland Office Building
New Urban Properties sold a 27,500-square-foot property in Portland’s CBD. JLL negotiated the transaction on behalf of the seller, while CBRE represented the buyer and secured the acquisition financing.
Marcus & Millichap Division Sells 182 KSF Retail Center
Institutional Property Advisors brokered the sale of North Heights Plaza, a shopping center in Huber Heights, Ohio. The asset is anchored by Dick’s Sporting Goods and Big Lots.
Large Spec Warehouse Rises in NJ
Sitex Group selected NAI Hanson to market One Sharp Plaza, a 271,000-square-foot industrial project providing direct access to New York City via the Tappan Zee and George Washington bridges.
Tavistock Plans 155 KSF Office Building in Orlando
The six-story tower will sprout up at Lake Nona Town Center within the Lake Nona master-planned community, bringing the developer’s local pipeline to more than 1 million square feet.