Business Specialties
CBRE Structures $19M R&D Sale-Leaseback
The 86,118-square-foot building in Fremont, Calif., will be leased back for 10 years by the current owner and occupant on a NNN basis.
P3RE Acquires BroadAcres Office Park for $32M
Meridian Capital Group secured financing for the company and Cushman & Wakefield represented the Bloomfield, N.J.-based seller, Prism Capital Partners.
Product Spotlight: Park Assist’s M4 Smart-Sensor Parking Guidance System
The company’s sensors streamline parking with real-time spot availability displays, license plate verification and parking violation alerts, and the ability to find your parking spot with a smartphone app.
Regus Finds Spaces in Avalon
A corporation that provides global workplace will be the new tenant to join the $73 million office project developed by a joint venture between Hines and Cousins Properties. Company officials said that the new lease will benefit the building by adding meeting rooms and co-working spaces.
Texas 7-Eleven Stores to Be Powered by Wind Energy
The retailer signed an agreement with TXU Energy for 425 of its locations, contributing to the company’s savings by providing incentives through the GreenBackSM program.
Q&A: KeyBank’s 2017 Capital Markets Outlook
John Hofmann oversees originations for KeyBank and lends on a range of strategies, targeting the niche preferences of the firm’s diverse customers. Hofmann shares his bird’s-eye view of commercial real estate lending and the forces that will shape the industry in the coming months.
Car Parts Manufacturer to Bring $60M Investment to Springfield
The Japanese auto parts manufacturer previously announced a $10 million investment, but it now significantly expanded the project. Topre America intends to build a 150,000-square-foot facility in Clark County, Ohio, that will create 85 jobs.
Prologis Acquires 4-Building Industrial Distribution Center in Houston
The Class B distribution warehouses, located in Houston’s West by Northwest Industrial Park, total 809,196 square feet and have generated more than 10 offers from institutional investors.
Former Equity Trust HQ Changes Hands
The 40,000-square-foot property sold for $1 million to a local investor in Cleveland. The Buyer Quest-anchored office building will undergo several improvements.
Former ARC Hospitality Closes First Phase of $400M Investment
Rebranded Hospitality Investors Trust, the company has also completed a transition to self-management, having terminated its previous agreement with American Realty Capital Hospitality Advisors.