News
Greater NYC Area Leads U.S. in Retail Construction
While new building activity declined in the five boroughs over the last few years, it increased in the suburbs, according to a new report by the New York Building Congress.
6 Questions for FCP’s Steve Walsh
Recently named principal & chief credit officer at the real estate investment management firm, Walsh shares his views on capital markets trends, challenges and the late-cycle economy.
Adjustable vs. Fixed-Rate CRE Debt
With floating-rate loans making up around one-third of the total balance of outstanding commercial real estate mortgages, a LIBOR transition would be a pivotal event for the industry, according to MBA’s Jamie Woodwell.
Modernfold Adds Soundproof Glass to Movable Walls
The new panel has a 51 STC rating that provides advanced acoustical control without sacrificing daylight. The product goes in the company’s mobile wall system, which is used to configure interior spaces.
Pittsburgh Industrial Portfolio Trades for $38M
CBRE represented the seller, Bentall Kennedy, in the sale of the seven-building industrial portfolio. The properties include approximately 408,000 square feet of space located near the city’s downtown.
RFR Buys Manhattan Asset for $123M
ASB Real Estate Investments sold the historic building at 875 Washington St. in the Meatpacking District on behalf of its Allegiance Real Estate Fund.
SmartStop Acquires NJ Storage Facility in $30M Deal
Levin Johnston of Marcus & Millichap facilitated the sale-leaseback of the 1,777-unit property in Newark, N.J.
Mericle Adding 6 Industrial Buildings in Pennsylvania
Located within the CenterPoint Commerce & Trade Park in Jenkins Township and Pittston Township, the speculative buildings will encompass 802,000 square feet.
Chicago Industrial Still Thriving Amid New Deliveries
The first quarter yielded a 20 basis-point drop in the vacancy rate and 1.6 million square feet of positive absorption amid a bevy of new deliveries, per Avison Young’s new report.
Colliers Lands 2 Michigan Stores for Gourmet Donut Brand
The Donut Conspiracy is opening locations in Grand Rapids and Grandville with help from Colliers International, which found the new sites for the dessert and coffee retailer.