News
IKEA’s Illinois Distribution Center Receives LEED Gold
Totaling more than 1.2 million square feet, the distribution center is equipped with the largest solar rooftop in the state, featuring an 8,966-panel solar array.
Meadow Partners Renovates Brooklyn Office Asset
The company has embarked on a quest to improve the Helen Keller Services for the Blind headquarters’ elevators, lobby and building systems.
DataBank Opens its 3rd Dallas Data Center
The 145,000-square-foot facility is connected via a private network to the company’s two other Dallas facilities, allowing tenants to access more than 100 carriers.
Self Storage Rents Still Down Year-Over-Year
Despite robust growth in western markets, street-rate rents dropped 3 percent nationally as of June 2018.
JLL Acquires Canadian Retail Advisory Firm
The purchase of Northwest Atlantic will allow the company to expand its current retail advisory business and provide a range of real estate and leasing services to retailers looking to operate or expand in the Canadian market.
Skanska, AECOM Hunt Tapped for Seattle Redevelopment
The estimated $700 million expansion will nearly double the Seattle Center Arena’s interior space to as much as 750,000 square feet. Construction is scheduled to start this fall.
Realcomm Marks 20-Year Milestone by Honoring 20 Industry Leaders
The group celebrated all aspects of the industry – real estate, technology or real estate technology including supply and demand sides – in its first ever Lifetime Achievement Awards ceremony at the recent Realcomm | IBcon conference.
Need to Breathe
As the economic cycle continues, we invite you to benefit from the content in this Mid-Year Update. And don’t forget to breathe.
P3 Properties Nabs NJ Office Asset
Related Cos. has sold the 233,000-square-foot Somerset Financial Center in Bedminster, which serves as the local headquarters of specialty pharmaceutical company Mallinckrodt.
Mission Success: Eric Mendelsohn Leads NHI’s Growth Strategy
Three years after unexpectedly assuming the healthcare REIT’s top job, the veteran executive runs a nationwide portfolio with a steady hand.