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Group RMC Expands Memphis Office Portfolio
The $32.3 million acquisition of four properties totaling 391,297 square feet along the 385 Corridor marks the company’s fourth purchase in the metro.
Allied Properties Closes 2 Acquisitions in Montreal
The deal brings the Toronto-based company’s Montreal footprint to 5.6 million rentable square feet after nearly 15 years in the metro.
Compass Datacenters to Invest $3B in Multi-State Expansion
The company will develop campuses across the U.S. in a growth plan bolstered by additional commitments from current investors and capital from a new partner.
LA-Area Office Asset Sells for $51M
A New York-based company acquired the two-building property and is set to renovate it for media, tech and entertainment tenants.
Lendlease to Lead Google’s $15B San Francisco Bay Project
The Australian developer will spearhead the transformation of the tech trailblazer’s land holdings into three live-work-play communities. The properties will include office space, hotel accommodations, retail options and thousands of homes.
South Florida Retail Asset Commands Royal Price
InvenTrust Properties Corp. paid $97 million for a Costco-anchored shopping center in Royal Palm Beach. CBRE negotiated the deal on behalf of the seller.
Manhattan Office Report – Spring 2019
Although more than 14,600 professional and business services jobs were added in the metro, the financial activities sector lost 1,500 positions due to industry restructuring and business consolidations.
Hospitality Sector Sees Sustainability as Key to Success
According to a new report by the Urban Land Institute, introducing green programs and features at hotels not only adds value to properties, it provides a competitive edge.
CBRE Ranks Top 50 Tech Talent Markets
While the top positions remained unchanged from last year, the new report notes that a shrinking supply of available talent has led to additional labor pools cropping up in smaller markets.
AXA Investment Managers Buys Into Trophy Oakland Office
AXA IM took the majority stake in 180 Grand, a 15-story tower in downtown Oakland, in a joint venture with the previous sole owner.