News
Greysteel Brokers Sale of Boutique Office Building in DC
An entity associated with Potomac Development Group purchased the asset, which is located in D.C.’s Mount Vernon Triangle neighborhood, for $2.1 million.
Parallel Capital Acquires Full Interest in AZ Office Tower
Two Arizona Center, a 20-story building located on one of the 16 acres comprising the mixed-use Arizona Center, offers 512,852 square feet and is fully leased to Arizona Public Service Co.
C&W Tapped to Lease PA Industrial Facility
Advance Realty and The Davis Cos. own the 675,000-square-foot property at 2750 Morris Road in Lansdale, which recently underwent a $5 million repositioning.
San Diego MOB Lands $14M Loan
The four-story medical facility spreads across two acres and is situated approximately 10 miles from downtown.
JLL Co-Head Provides 2018 Capital Markets Update
Tom Melody, the firm’s real estate investment banking practice leader, highlights trends most likely to impact the industry in the coming months.
Economy Watch: Consumer Confidence Bounces Back in May
An increase in The Conference Board’s Consumer Confidence Index in May suggests that the level of economic growth in the second quarter should improve from the first quarter, supported by solid consumer spending.
Health-Care Industry Trends: The Consumerization of Services
NKF Global Healthcare Services’ Garth Hogan discusses the major health-care industry trends today and how investors in the business can drive value.
An $850M Gamble on a Famed Yonkers Casino
The Yonkers Racing Corp. has agreed to sell the property and the operations associated with the Empire City race track and casino to MGM Resorts International and MGM Growth Properties LLC.
Cammeby’s Completes Office-Retail Building in Brooklyn
The 161,000-square-foot property is 50 percent leased and is part of the larger Neptune/Sixth project that will feature more retail and apartments in a nearby 42-story tower.
Atlanta-Area Retail Property Trades for $2M
Kehr Hunter Properties disposed of Delk Powers Ferry Place in Marietta, Ga. The 88 percent leased asset includes tenants such as Domino’s Pizza, American Deli and China Doll.