Business Specialties
Grainger to Erect 1.3 MSF Distribution Center in NJ
Leading industrial supply distributor Grainger Inc. has bought 96 acres of land in Bordentown Township, N.J., with plans to develop what will be the largest distribution facility in the state.
Core and Value Advisors Buys 108-Unit M-F Property in Wilmington, Mass.
Core and Value Advisors has purchased Metro at Wilmington Station, a 108-unit apartment community located in Wilmington, Mass., from a joint venture between EA Fish Development and Real Estate Capital Partners.
KTR Capital Preleases 615 KSF Project in LA to 99¢ Only Stores
KTR Capital Partners has broken a record at its Garfield Corporate Center project in Commerce, Calif. by signing 99¢ Only Stores to a prelease for the entire 615,000-square-foot development, marking the largest industrial infill lease in L.A. County history.
Colliers Acquires Leading Property Specialist in London
FirstService Corp. subsidiary Colliers International has acquired H2SO Property Consultants, one of London’s leading independent commercial property specialists.
Carey Watermark Purchases Boca Raton Marriott at Boca Center
Carey Watermark Investors has acquired the Boca Raton Marriott at Boca Center in Boca Raton, Fla., the 256-room hotel from HEI Hotels & Resorts, and both parties are remaining mum on the price tag.
OmniTRAX to Manage Texas-based International Railroad, Develop Industrial Park
OmniTRAX has signed a 30-year deal to manage the Brownsville & Rio Grande International Railroad, a short line railway based in Brownsville, Texas.
Overton Moore Buys 18 Acres of Industrial Land in Pomona, Calif.
Overton Moore Properties has acquired 18 acres of industrial land in Pomona, Calif., and immediately begun construction on a 240,000-square-foot Class A build-to-suit industrial property.
NAREE Special Report: Retail Recovery Remains Delayed
Don’t expect the retail sector to recover just yet. Coming off of a pre-recession to recovery period that is the longest since World War II, it won’t be back to health before 2016 or even 2017, according to Naveen Jaggi.
Trammell Crow, Principal Break Ground on 462 KSF Office Tower in Seattle Area
Just outside of Seattle, the Bellevue, Wash., office market is about to expand by nearly a half-million square feet of coveted space, now that Trammell Crow and Principal Real Estate Investors have broken ground on 929 Office Tower.
