News
Somerset Properties Sells Office Portfolio in NJ
The 304,732-square-foot portfolio was 94 percent occupied at the time of sale. The office buildings are all located within minutes of major thoroughfares.
North FL Retail Development Lands $80M Loan
The 80-acre shopping center in the Jacksonville area is already underway, with the first phase wrapping up later this year.
Financial Services Firm Inks New DC-Area HQ Lease
The company’s new headquarters will occupy more than 20,000 square feet in a newly renovated office building in Rockville, Md.
Panattoni Breaks Ground on 815 KSF Warehouse in TN
The build-to-suit facility, which is fully preleased to Dorman Products, is scheduled for completion by the end of the year.
Clipper Group to Relocate, Consolidate Houston HQ
JLL’s Eugene Terry represented Clipper Americas, a subsidiary of the Clipper Group, in the lease negotiations with landlord Moody Rambin.
Benjamin West Tapped to Oversee FF&E for 69-Hotel Portfolio
Various Marriott and Hilton properties are set to undergo around $200 million in renovations, including $70 million in new furniture, fixtures and equipment.
Economy Watch: Chinese Investment in US CRE Plunges
Following the Chinese government’s announced restrictions on outbound capital flow, the country’s investments in U.S. commercial real estate dropped significantly in 2017, according to Cushman & Wakefield’s 2017 China-U.S. Inbound Investment Capital Watch report.
JV Arranges $109M Refi of Multi-State Facilities
Working on behalf of a partnership of investors advised by JP Morgan Asset Management and IDI Logistics, Cushman & Wakefield secured the loan for the refinancing of eight properties located in Illinois, Ohio, Texas and California.
Amerlux Introduces Beautifying LED Lamp
The High Bay 202 pendant has a color rendering index of up to 90, which enhances customers’ perception of colors for fresh grocery products as well as clothing.
Brookfield Strikes Deal to Acquire Rest of GGP
The combined company will have ownership interests in some $90 billion worth of assets and an annual net operating income of more than $4 billion.