News

Top Projects That Will Reshape Tampa

Florida’s West Coast is in the middle of a massive transformation. Millions of square feet of new commercial and residential space are reshaping the metro’s skyline.

Self storage units. Image by luismmolina/iStockphoto.com

COVID-19 Impact Still Tough on Self Storage Rents

The self storage sector continued to see negative effects caused by the pandemic, as street-rate performance declined in all the top markets tracked by Yardi Matrix.

Vornado Seeking Recap for 2 Trophy Towers

The Trump Organization owns a minority stake in 1290 Avenue of the Americas in Manhattan and 555 California Street in San Francisco.

Life Sciences Real Estate Thrives Amid Pandemic

Newmark Knight Frank’s new report concludes that the life sciences sector is recession-resilient.

Johnson Healthcare Starts Work on Austin MOB

The 101,000-square-foot development is taking shape within the Ascension Seton Medical Center campus.

Stream Realty, Baum Get 1.5 MSF Chicago Leasing Assignment

The mixed-use property is undergoing renovation work, slated to wrap up by the end of the year.

SL Green Lands $510M Loan for NYC Office Tower

The REIT obtained mortgage financing secured by the trophy asset at 220 E. 42nd St., known as The News Building, and utilized the proceeds to repay its revolving credit facility.

Lowe Adds National Retail Redevelopment Platform

Retail industry veteran Joel Mayer has joined the company as executive vice president to lead Retail reVision, which will focus on repositioning and redeveloping underperforming assets.

GSA Renews 2 DC Office Leases

The agency will continue to occupy more than 29,000 square feet at the 160,897-square-foot property in the city’s central business district.

Phoenix Investors Buys 1.6 MSF Industrial Portfolio

The assets, formerly owned and occupied by LEDVANCE, are located in Kentucky and Pennsylvania.