News
Gladstone Acquires $21M MI Industrial Portfolio
The two buildings comprise a total of nearly 220,000 square feet and are 100 percent leased. The properties were purchased through an UPREIT transaction.
Amazon’s Surprise HQ2 Candidate: Long Island City
A burgeoning Queens neighborhood a short subway ride from Manhattan, the area joins Crystal City, Va., and Dallas as the rumored finalists for the online retailer’s second U.S. campus. The latest twist: Amazon could split HQ2 between two locations.
Puerto Rico Seeks 100 Percent Renewable Energy
A special legislative commission is considering a bill that would aid the U.S. territory to meet its electric demand with 100 percent renewable energy by 2050.
The Natchez Group Brings 55 KSF Storage Space to TN
The firm has added Highway 31 Storage to its portfolio. The facility is located in Thompson Station, Tenn., roughly 30 miles from downtown Nashville.
Taubman Debuts $500M Makeover of LA’s Beverly Center
The REIT has completed its reimagination of the upscale, 866,000-square-foot mall two years after commencing the project, which included the creation of destination dining.
JV Sells Seattle Office/Flex Park for $142M
SteelWave was both buyer and seller of the 17-building Canyon Park Business Center in Bothell, Wash., as joint ventures sat on each side of the table.
Paramount’s San Francisco Office Portfolio Earns LEED Platinum
The company is recognized for its environmental and operational standards at all three of its locations in the city, which total 2.9 million square feet.
A Nuanced Analysis of Phoenix’s Industrial Market Boom
With the metro boasting dynamic speculative industrial development, Lee & Associates Arizona Principal Chris McClurg explains why developers favor certain submarkets of the city.
Heavy Supply Continues to Compress Self Storage Rents
Although metros on the West maintained rent growth, on a national level, street-rate rents have dropped 4.8 percent over the past 12 months.
Carr Properties Acquires Boston Office Asset
The real estate investment trust has purchased 200 State St., a 300,000-square-foot downtown office building, from GLL Real Estate Partners.