News
Is Cold Storage Heating Up?
The increase in online grocery sales will generate demand for as much as 35 million square feet of U.S. cold-storage space within the next seven years, according to a new report from CBRE.
Property Management Firm Doubles NJ Office Presence
Constructed in 1984, the building contains nearly 90,000 square feet along Interstate 287 and is leased to a mix of tenants.
Talent Agency to Relocate LA Office
BUCHWALD leased the penthouse floor of a 453,000-square-foot building to relocate its office in the Miracle Mile district. In the move, the firm will more than double its previous space.
US Storage Centers Expands in PA
The firm has added Philly Self Storage, a 1,545-unit storage facility, to its portfolio. SVN Commercial Property brokered the sale of the property.
Metro ATL Morgan Falls Office Park Adds Tenant
REO Fund 2 and Transwestern represented REO Asset Strategies in closing an agreement for 60,000 square feet with Newell Brands Inc.
Marcus & Millichap Facilitates Sale of 2 FedEx Centers
The industrial assets are located in Atlanta and Marcus Hook, Pa., and changed hands for $32.3 million and $15.4 million respectively.
First Data Signs 50 KSF Lease in Marietta, GA
The 253,096-square-foot office property was acquired by Zamir Equities in 2008 and received a complete cosmetic renovation. Other tenants include Quintiles and Everest.
Why AI Won’t Replace the Facilities Team
BuildingIQ’s Steve Nguyen discusses the most common misconceptions about artificial intelligence and the most frequent roadblocks in the adoption of the Internet of Things within the commercial real estate industry.
Economy Watch: Prices for Construction Materials on the Rise
Prices for all 11 subcategories of construction inputs increased year-over-year, and only three saw monthly declines, according to the Associated Builders and Contractors.
Miami Office High-Rise Signs New Leasing Team
The 32-story tower, constructed in 1985, contains nearly 300,000 square feet of office and retail space in the city’s central business district.