Featured
Queens Industrial Assets Sell for $78M
The joint venture plans to upgrade the buildings in order to capitalize on the growing demand for quality space within the supply-constrained New York market.
Growing Inventory Caps Rent Growth in Austin
The metro’s economy is strong and population is booming, but a heavy new supply of apartments is limiting rent growth.
TIG Names Charles Hazen President
Prior to joining the investment management affiliate of Transwestern, the industry veteran led Stanmore Partners for the past four years. He was previously with Hines Corporate Properties for almost three decades.
AY Tapped to Market Northern Virginia MOB Campus
A five-person team specializing in health-care investments is charged with orchestrating the sale of the 119,800-square-foot trophy medical office building.
Foxconn Announces $10B Wisconsin Campus
The campus—to be called Wisconn Valley—will result in the creation of more than 34,000 direct or indirect jobs. The state plans to sweeten the deal with a $3 billion incentive package.
Starwood Capital Nabs West Hollywood Hotel
The new 286-key property will ultimately be renamed 1 West Hollywood and become the fourth property in the chain’s award-winning, eco-conscious, luxury sustainable brand.
US Industrial Vacancy at Record Lows: Marcus & Millichap
Markets across the United States are seeing continued demand from businesses seeking to expand warehouse and distribution space, particularly for those urban last-mile locations desired by e-commerce tenants.
Transwestern, Mirae, State Farm Close ATL Sale-Leaseback
The building is Park Center I, a 13-story, LEED-certified office tower with ground-floor retail and seven levels of parking. The deal falls in line with the partnership’s investment strategy to achieve stable, long-term cash flow for its clients.
Rents Moderate in the Bay Area
Just one year after double-digit increases had bumped the average to $2,480—among the highest in the country—the rate decreased by 0.5 percent year-over-year through May.
MAA Tapped to Design $1.3B Dallas Project
The 400-acre Grandscape is one of the largest mixed-use ventures currently underway in the United States. Merriman Anderson/Architects will take on construction responsibility, as well as the arrangement of related design and bidding phase services.