News
Tampa Office Sector Ready for New Development
JLL Senior Vice President Ron Ruffner and David Jacobson of the Jacobson Family explain why timing is perfect for new office projects in the Central Florida market.
Memphis Industrial Portfolio Commands $50M
A partnership between Diamond Properties and funds managed by Ares Management LP acquired 43 buildings in the deal, thanks to $32.5 million in financing arranged by HFF.
Transwestern Expands Houston Health Care Team
In his new role as executive vice president, Justin Brasell will provide real estate solutions to investors, developers and health-care providers.
Anchor Health Picks Up Charlotte MOB
CBRE represented seller The Bissell Cos. in the transaction, while Capital One facilitated the deal with $11.6 million in acquisition financing on behalf of the buyer.
BWI Airport Sheraton Hotel Changes Hands
Vista Group of Cos. acquired the 203-key Sheraton Hotel Baltimore Washington Airport. The property is a seven-minute drive from the airport, offering a complimentary shuttle service.
SL Green Leases 2 Full Floors at Tower 46
Located at 55 W. 46th St., the 2013-built property comprises 347,855 square feet across 34 stories. Features include column free floors, 14-foot slab heights, in-building parking, floor-to-ceiling windows and a tenant-only fitness center.
Baker Completes Chicago Office Redevelopment
The 2017 N. Mendell project called for the repurposing of a century-old industrial building between the Chicago River and Elston Avenue, which offers customizable spaces ranging from 3,800 to 17,000 square feet.
Economy Watch: Construction Spending Gains Ground
April saw a 1.8 percent month-over-month increase in construction spending, at an annualized rate of more than $1.3 trillion, according to the U.S. Census Bureau.
Miami Logistics Park Bolsters Occupancy
Neutralogistics has expanded its presence at Airport North Logistic Park by roughly 69,000 square feet. L&B Realty Advisors’ industrial complex is now 75 percent leased.
Glenfield Taps Colliers to Manage Atlanta Portfolio
The firm’s eight Class B garden and mid-rise office buildings in the northeastern suburb of Peachtree Corners total approximately 550,000 square feet.