Business Specialties
Cushman Arranges 1.1 MSF Industrial Lease Re-Up in California
Conopco Inc., a subsidiary of Unilever, has decided to stay put in its 1.1 million-square-foot home at 305 W. Resource Dr. in Rialto, Calif., and has renewed its contract with property owner Prologis.
The Silverman Group Purchases 560 KSF of Industrial Space in North Carolina from W.P. Carey
The Silverman Group has added 560,000 square feet of space to its industrial portfolio with the acquisition of 10000 Twin Lakes Parkway, a Class A distribution center in Charlotte, N.C.
ULI: Real Estate Recovery Comes Amid Rebounding Investment; Worries Abound About Debt Capital Shortfall, Europe
Although investment capital is again flowing for CRE, speakers at the Urban Land Institute’s Real Estate Capital Markets Conference are concerned with relative dearth of debt capital, possible refinancing difficulties ahead and the current European economic crisis.
AREA Property Partners, Commonwealth Ventures Plan $225M Office Project in Boston
An 11-story Class A office building along the South Boston waterfront is moving closer to construction now that the Boston Redevelopment Authority has approved the approximately 500,000-square-foot, $225 million project planned by AREA Property Partners and Commonwealth Ventures.
Nine-Property Net-Leased Walgreens Portfolio Sells for $69M
Investors can’t seem to get enough of the net-lease market: An unidentified institutional investment firm beat eight others in a bidding war, acquiring a 117,600-square-foot portfolio of nine Walgreens stores on the East Coast for $68.7 million.
Citrix Seeks New Space in Downtown Raleigh to Invest $12.5M
by Adriana Pop, Associate Editor Citrix Systems Inc. plans to expand its data-sharing division by investing at least $12.5 million in a new facility in downtown Raleigh. The company chose Raleigh over Atlanta and Austin for its expansion. Jesse Lipson, general manager of Citrix Systems data sharing operations, told the Triangle Business Journal that the […]
Wharton Equity Partners Acquires 500-Unit Florida Multi-Family Portfolio for $50M
Wharton Equity Partners, in partnership with a consortium of real estate funds affiliated with Och-Ziff Capital Management Group, has just increased its holdings by an additional 900 units with the purchase of a stake in four properties in Central Florida.
Caliber Funding Selects NGKF as Portfolio Adviser for 100 Locations in 28 States
Newmark Grubb Knight Frank Global Corporate Services has secured a major outsourcing deal, the firm’s second in just over one month, as Caliber Funding chose the firm to manage the real estate mortgage lender and agency direct seller/servicer’s real estate transactions across the country.
Renovation Spree Hits Detroit Area Masonic and Hindu Temples
By Veronica Grecu, Associate Editor The Detroit Masonic Temple in the lower Midtown area and several blighted properties in the surrounding area could embark on a $38 million renovation project. According to The Detroit News, a team of state and local brokers is currently establishing the financial aspects of the investment, which could get the […]
Scalable Class A, 384 KSF Office Planned for Tempe Park
Metro Commercial Properties and USAA Real Estate have announced the next phase of high-rise office development in Tempe, Ariz., and the firms plan for a Class A office tower, dubbed Fountainhead Park Summit, of up to 14 stories and totaling up to 384,300 square feet.