News
Heitman’s LA Office Tower Earns LEED Platinum
The 640,000-square-foot property—completed in 1971—lowered its electrical consumption by 21 percent since 1998. Additionally, sustainability features include a water reduction of 3.7 million gallons annually since 2010.
Walker & Dunlop Structures $120M for Miami Portfolio
Graham Cos.—which owns 1.2 million square feet of retail, industrial, office and multifamily space in Miami Lakes, Fla.—will use the proceeds to fund additional development projects in the area.
Cress Continues Western US Shopping Spree
With the $89.5 million purchase of a five-building Class A office portfolio in Cerritos, the Newport Beach-based company has made its fourth significant acquisition in the past 18 months.
Priam Capital Enters Tampa Bay Office Market
The Nashville-based company acquired an eight-building portfolio totaling roughly 435,000 square feet. Cushman & Wakefield facilitated the transaction on behalf of the seller.
Stan Johnson Arranges Sale of Chicago-Area Flex Building
Crystal Acquisitions paid $11.4 million for the Arlington Heights asset, which is fully occupied by two tenants: Intertek and Gigenet.
LA-Area Industrial Business Park Sells for $85M
BKM Capital Partners acquired the fully leased facility located in Burbank, Calif. The company plans to invest in capital improvements to enhance the value of the property.
Steelbridge Capital Inks 15 KSF Orlando Lease
Radixx Solutions International will relocate its headquarters in the newly renovated office tower at 20 North Orange, bunking up with CenterState Bank and Pipeline Workspaces.
Northland Properties Snags Iconic Fort Worth Tower
JLL marketed the property on behalf of the seller, XTO Energy Inc. The 20-story building was constructed in 1920 and comprises 137,500 square feet of office space.
Missner Group Breaks Ground on Illinois Industrial Project
The 173,000-square-foot 88 Orchard in Aurora will be located on a 9.7-acre site and will feature 32-foot clear heights and a 12-trailer parking lot. Construction is scheduled for completion by spring 2019.
Top 10 Austin Medical Office Buildings
Yardi Matrix rounded up the largest MOBs in the Austin metro area, as the state capital is home to a well-established medical sector and is one of the fastest-growing markets in the U.S.