Business Specialties
Architects’ Busier March Bodes Well for Construction Spending
The March Architecture Billings Index offered some good news for construction spending.
Wholesale Retailer Relocates and Quadruples Headquarters in Soho
Boxed will occupy the entire 12,912-square-foot second floor at 451 Broadway, after a four party transaction executed by Savills Studley.
Harbor Expands in Orange County with Third Creative Office Campus
Harbor Associates of The Bascom Group acquired a 37,000 square feet office building in Irvine, Calif., planned to become a unique creative office in Orange County.
Last Year’s Largest Apartment Developments in Jacksonville
Developers completed 2,006 new rental units in Jacksonville last year, marking a 31percent increase over 2014.
Sheraton Centre Toronto Hotel Completes $120M Renovation
The 1,372-key hotel underwent a full makeover of its guestrooms and meeting space.
Confluence Signs 40 KSF Lease for New Pittsburgh Global HQ
The company will be moving its headquarters to Nova Place, Faros Properties’ 1.5 million-square-foot office redevelopment project in Pittsburgh.
MSCI: Big Year for Global Property Funds
The latest IPD Global Quarterly Property Fund Index measured an increase to 13.5 percent in fourth quarter 2015, the highest since 2011.
LondonHouse Chicago Hotel Changes Hands in Sale-Leaseback Before Opening
The 452-key luxury hotel changed hands for $315 million, marking the highest per-room price ever paid for a Windy City hotel.
Rexford Industrial Realty Shells Out $191M for SoCal Portfolio
The Los Angeles-based company recently paid $191 million for a nine-building Southern California industrial portfolio.
Market in Focus: Fort Lauderdale Rising, Part II
The conclusion of the two-part series delves into how flourishing residential and hotel development is impacting the rest of Fort Lauderdale’s commercial real estate industry.