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What’s Behind Stepped-Up Demand for MOBs
The health-care job market and industry consolidation are just two of the key forces shaping this vibrant sector, Marcus & Millichap reports.
Los Angeles Adaptive Reuse Scores $119M Loan
GPI Cos. will convert a former Macy’s store into creative Class A office space.
Blackstone Lines Up $140M Refi for Houston’s GreenStreet
The 617,000-square-foot property featuring office, retail and entertainment space is within walking distance of the George R. Brown Convention Center.
Facebook Leases 1.5 MSF at New York City’s Hudson Yards
The social media firm will start moving into three towers next year, more than doubling its office footprint in Manhattan.
How Restaurant Demand Bolsters Retail
With restaurant sales growth eclipsing retail sales growth, eateries are evolving and finding creative new ways to use their space.
Benjamin Moore’s Expansion in Dallas-Forth Worth
The lease of a 238,000-square-foot facility in Lewisville, Texas, more than doubles the paint manufacturer’s presence in the metro.
Stockbridge Adds 8.7 MSF to Growing Industrial Holdings
PGIM Real Estate Finance facilitated the multi-state transaction valued at some $800 million.
Welltower to Buy MOB Portfolios for $1.7B
The REIT will hold the title of the nation’s largest medical office property owner upon completion of five separate deals comprising 3.5 million square feet.
Swift Real Estate’s $193M Office Portfolio Acquisition
JLL Capital Markets represented the seller, PGIM Real Estate, and secured the buyer with a $161 million loan through Nuveen Real Estate.
Amazon’s First Fulfillment Center in Quebec
Located in the borough of Lachine in Montreal, the new facility will commence operations in time for the 2020 holiday shopping season.