Business Specialties
Stagwell Group Inks Lease at One World Trade Center
The investment advisory company will occupy the 62nd and 63rd floors of the tower totaling 83,955 square feet, bringing the tower’s occupancy to 75 percent.
JLL Brokers Sale of 213 KSF Orlando Warehouse
Exeter Property Group purchased the 213,290-square-foot asset from Cambridge Hanover for $8.9 million. The building is located in Orlando Central Park, one of Florida’s largest industrial parks.
Rexford Industrial Takes 3, Sells 1
The $71.5 million buy in the Los-Angeles area and Inland Empire brings the company’s 2017 industrial acquisition volume to more than $282 million.
Emerson to Invest $100M in Ohio Facilities
Construction and renovation plans include updating and expanding office and lab space at the company’s Sidney, Ohio, location. Investments will be made over the next four years.
New Retail Space Coming to Miami’s Design District
Designed by Royal Byckovas, the planned three-story development will be located just a few steps from the recently completed Institute of Contemporary Art.
Ridge Breaks Ground on 686 KSF Industrial Site
Dubbed Charleston Logistics Center, the facility is slated for completion in the first quarter of 2018. Colliers will handle leasing for the two buildings.
JBG Breaks Ground on DC-Area Headquarters
The 14-story building on Bethesda Avenue is slated for completion in the third quarter of 2019. The REIT will occupy the lower floors, with 200,000 square feet of office still up for grabs.
Netflix Expands in Hollywood
Hudson Pacific Properties facilitated the deal. To date, the two companies have teamed on more than 560,000 square feet of office space.
JV to Redevelop Historic Sunshine Theatre in NYC
A partnership between East End Capital and K Property Group purchased the 29,200-square-foot building for $31.5 million. The historic Houston Street cinema will close in January 2018, and will be transformed into a mixed-use development.
Experiential Retailing Is Transforming the Use of CRE
Realizing the value in offering customers experiences, retailers are capturing sales through experiential retailing and e-commerce, using data as a means to select the most relevant locations for shopping and distribution facilities, says Christopher Pappas, director at Fitch Ratings.