Business Specialties
Plastics Manufacturer Inks 104,300-SF Lease
Phoenix Packaging Operations L.L.C. took the entire manufacturing and distribution facility at 464 E. Chilton Drive in the Arizona city of Chandler.
Ericsson to Occupy Half-Million SF Near Dallas
Just three weeks after closing its $43.1 million acquisition of the former Nortel Networks Inc. Campus in Richardson, Texas, Pillar Commercial has orchestrated two lease agreements that increase the telecommunication company’s occupancy from 200,000 square feet to 460,000 square feet.
Broker Completes 71,000-SF Renewal
Lockton Insurance Brokers L.L.C. has inked a lease renewal for office space at Ernst & Young Plaza, a 41-story, 915,316-square-foot Class A office building in Los Angeles.
Investcorp Acquires Medical Complex
Investcorp Real Estate has expanded its San Francisco Bay Area holdings via the purchase of the 98,000-square-foot Broadway-Webster Medical Plaza in Oakland.
Newmark Wins 1 MSF Office Assignment
Newmark Knight Frank has come out on top in a competitive bid to serve as exclusive office leasing agent for New Quincy Center, Street-Works Development L.L.C.’s $1 billion mixed-use project.
ULI Report: Too Much Capital, Too Few Assets
Too much capital chasing too few assets is compelling some investors to overpay, Ethan Penner contended during the Urban Land Institute’s capital markets conference. But the time will come when there are more opportunities than there is cash to pursue them.
Gaylord Goes West
Gaylord Entertainment has selected High Point, a gargantuan master-planned business district being undertaken by LNR Property L.L.C.’s Commercial Property Investment Fund L.P. in Aurora, Colo., for its latest project. The hospitality and entertainment company will build an $800 million resort and convention hotel on 85 acres at LNR’s sprawling development.
Cleveland Joins Clairvue Capital as Partner
Josh Cleveland comes to Clairvue Capital Partners from Liquid Realty Partners, where he was a director of business development.
Behind PNC’s Acquisition of RBC Bank USA
RBC has been a major player in the commercial real estate lending sector and the transaction will now add to PNC’s commercial real estate portfolio.
Hoffman to Lead Marcus & Millichap’s Self-Storage Division
Michael Hoffman is also first vice president & regional manager of the firm’s Denver office. He began his career with Marcus & Millichap in 1992.