News
Manatt, Phelps & Phillips Expands Chicago Office
The law firm will move into 11,000 square feet of custom, high-tech office space at the John Buck Co.’s CNA Center in the Loop.
Portland Industrial Property Changes Hands for $49M
Specht Development and Ares Management have teamed up on the acquisition of the nearly 1 million-square-foot facility, which currently houses grocery wholesaler and retailer SUPERVALU.
Ready Capital, Owens Realty Mortgage to Merge
The combined company will operate as Ready Capital, be headquartered in New York City and retain Thomas Capasse as chairman & CEO.
Trade Wars Are No Obstacle to Industrial Sector—Yet
Nationwide, year-over-year rent growth hit 7.3 percent in the third quarter, according to a new report from Transwestern. A handful of the hottest industrial markets are doing even better.
R2 Cos. Buys 525 KSF Midwest Creative Office Portfolio
The real estate investment firm acquired the collection of 11 buildings, located in Minneapolis and Milwaukee, from Sara Investment Real Estate in a $60 million transaction.
Newmark Knight Frank Secures Refi for Soho Retail Assets
Oaktree provided the floating-rate loan to a partnership led by 60 Guilders to upgrade two interconnecting spaces encompassing more than 4,000 square feet.
JLL Appoints Mid-Market Industrial Experts
Moon Lim will serve as senior vice president, while Richard Tovar will work as vice president. Both will be based in the company’s Los Angeles office.
International Shipping Company Relocates Houston Office
Mediterranean Shipping Company has signed a 33,713-square-foot office lease at Concourse at Westway, in the city’s West Belt office submarket.
Executive Spotlight: Larry Silverstein, Silverstein Properties
The veteran owner and developer shares insights on rebuilding the World Trade Center, his new financing venture and his long and distinguished career in real estate.
Midcoast Properties Brokers Sale of GA Storage
The brokerage firm worked on behalf of the seller, a private owner, in the deal. The 724-unit facility is situated in Stockbridge, Ga., about 24 miles from downtown Atlanta.