Industrial
Rexford Leases More Than 120,000 SF in Southern California
According to Rexford managing partner Michael Frankel, the company has leased more than 508,000 square feet ot date and 1.56 million square feet throughout the past 18 months. He said 53 percent of the leasing activity involves new tenants, while 47 percent represents existing tenant renewals.
CBRE Realty Trust Forms $1.1B European Industrial Property JV with Australian Partner
Per the agreement, CB Richard Ellis will own an 80 percent interest in both co-investment vehicles, while Goodman will own the remaining 20 percent stake.
Ground Broken on $70.4M Pharmaceutical Facility in Southern California’s Life Sciences Market
BioMed is developing the project at a cost of $400 per-square-foot, or a total of $70.4 million.
Digital Realty Acquires 82,000 SF in Silicon Valley
The buildings are located on a single 4.2-acre parcel across the street from another Digital Realty campus.
Kearny, Morgan Stanley Sell 1.4M SF Business Center in $40M Deal
In a $40 million deal, 1.4 million square feet of industrial and manufacturing space within the Century Business Center in Hawthorne, Calif., was sold by a partnership of Kearny Real Estate Company and Morgan Stanley Real Estate Fund V.
PS Business Parks Grabs 700,000-SF Flex Portfolio in Austin
PS Business Parks has just doubled its presence in the Austin industrial market in one fell swoop. The Glendale, Calif.-based REIT plunked down $42.9 million in cash for the acquisition of a portfolio of flex business parks totaling 704,000 square feet.
Richards Barry Joyce Brokers 100,000 SF Lease Renewal for TA Associates
Commercial real estate advisory firm Richards Barry Joyce & Partners LLC said Tuesday that it represented TA Associates Realty in a 100,884 square-foot lease renewal with Dynagraf, Inc. in Canton, Mass.
Balfour Beatty Team Tapped for $900M DFW Airport Project
Dallas/Fort Worth International Airport is undergoing a massive makeover and Balfour Beatty Construction, along with its joint-venture partners, will do the handiwork.
Self-Storage Sales Continue Upswing with Public Storage’s $189M Portfolio Purchase
Transaction activity in the self-storage sector continues to pick up as Public Storage signs on to purchase a group of 30 properties primarily located in Southern California for $189 million.
USAA Lands 1.2M-SF Build-to-Suit Industrial Property in Atlanta
The struggling Atlanta industrial market is about to get a big infusion of space, but fortunately, it will not spike the vacancy rate.