News
Economy Watch Weekly: Chinese Investment in US CRE Dropped By Half in ’17
Which U.S. markets and property sectors were most impacted by the pullback in Chinese investment? Economy Editor Dees Stribling discusses the latest Cushman & Wakefield report on the topic, for the week ending March 30, 2018.
Lincoln Equities Group Plans 1.6 MSF NJ Industrial Project
The company has agreed to acquire a 90-acre waterfront site near the Port of New York and New Jersey in Bayonne, where it plans to build a next-generation warehouse development.
215 KSF Plant Coming to Mooresville, NC
SunCap Property Group is tasked with developing the first manufacturing facility in the U.S for Tristone Flowtech, a German automotive supplier.
Kaufman Org. Acquires, Repositions LIC Office Asset
The firm acquired the 65,000-square-foot Cardinal Building through a 99-year ground lease, marking its second purchase in the Hunter’s Point neighborhood.
Lincoln Place in NJ Welcomes New Tenants
American Equity Partners signed three new leases totaling 75,000 square feet at the recently renovated premier office asset in Edison, N.J.
Chicago, Airlines Ink $8.5B Expansion at O’Hare
The deal marks the largest capital expansion in the airport’s history, as well as the first major terminal improvement project in 25 years.
Economy Watch: Construction Spending Edged Up in February
A considerable drop in public construction spending brought down the overall increase for the month, according to the U.S. Census Bureau.
CBRE Promotes New South Florida Managing Directors
In their new roles, Scott Correale and Patty Nooney will focus on supervising CBRE’s regional operations, working under Arden Karson’s supervision.
Meridian Capital Group Scores $60M for Manhattan Office Refi
Recently renovated by Himmel + Meringoff Properties, its longtime owner, the century-old building is located near Times Square in the Midtown West submarket.
Hartman Income Names New VP
Shane Cawood brings more than 16 years of experience to the position and will gradually become responsible for the REIT’s entire property management portfolio.