News
Nonresidential Construction to Decline, AIA Report Says
Spending on nonresidential building, having already fallen over the last few months, is projected to decline through at least part of 2021, according to a new forecast from the American Institute of Architects.
CBRE Negotiates $32M Long Island Office Sale
The 202,225-square-foot property last traded in 2007 as part of a $2.1 billion portfolio deal between SL Green and RXR Realty.
Ground Breaks on 1 MSF St. Louis Mixed-Use Project
Forsyth Pointe in Clayton, Mo., which will include 450,000 square feet of office space, is scheduled for completion in 2022.
Amazon Inks Full-Building Lease in Metro Austin
The e-commerce giant is planning to open a new sortation center within Majestic Realty’s Kyle Cross Business Park.
McCarthy Building Launches Development of Marriott-Branded Hotel
Goldenrod Cos. will build the $23 million property on The University of Nebraska-Lincoln’s Innovation Campus.
RealtyMogul Buys Texas Medical Facility
Covenant Health System is the sole tenant of the 20,880-square-foot property in Lubbock.
Eldorado, Caesars Entertainment Complete $17B Merger
VICI Properties, a REIT spun off from Caesars Entertainment, completed multiple transactions related to the blockbuster merger that created the world’s largest casino and entertainment company.
Marcus & Millichap Arranges Florida Retail Sale
The Babb Group’s Shawn Rupp, Casey Babb and Luis Baez represented the buyer of the 5,636-square-foot net-leased property in Gainesville.
KKR Closes Fund With $950M in Commitments
Like its predecessor investment vehicle, KKR Real Estate Credit Opportunity Partners II will focus on the acquisition of new-issue conduit CMBS.
AIG Reshuffles New York Footprint With 3 New Leases
The insurance giant is relocating its headquarters and splitting the remainder of its offices among Midtown, Lower Manhattan and Jersey City.