News
Top 10 California Office Deliveries in 2017
The Golden State’s office market continues to boom, thanks in part to smart development activity. In 2017, more than 2 million square feet of space came online in Los Angeles, while San Francisco added about 1.4 million square feet.
StorageMart Expands Portfolio in VA
The company has opened its first self-storage facility in Virginia Beach, Va. The 78,979-square-foot asset will serve the local community, as well as military personnel of the Nava Air Station Oceana.
Skanska to Develop 210 KSF Oslo Office Project
The Sweden-based real estate company plans to complete Parallell, a 16-story building in the city’s largest development area, by the second quarter of 2020.
Bentall Kennedy Buys MA Office Asset
NKF Capital Markets arranged the sale of the Class A property, one of seven buildings within Minuteman Park, a master-planned suburban campus totaling 1 million square feet.
Houston Retail Center Opens Doors
Located in Houston’s Shenandoah submarket, the Portofino Shopping Center is already anchored by T.J. Maxx, DSW, Michaels, PGA Superstore, Old Navy and PetSmart.
Ridge Completes Austin Industrial Park Development
The 351,171-square-foot Southpark Commerce Center V is part of the larger Southpark Commerce Center, which will comprise 2.3 million square feet at final build-out.
Infinity Construction to Bring More Office to Cleveland Area
The development of two new buildings in Westlake, Ohio, is expected to add more than 100,000 square feet of Class A office space to the area’s inventory.
Boxer Properties Sells Houston Office Asset
NAI Partners negotiated the transaction on behalf of ManhattanLife, the buyer of 13831 Northwest Freeway.
Lettuce Entertain to Open New Chicago Restaurant
The retailer signed a 38,000-square-foot lease at 321 N. Clark St. in Chicago’s River North neighborhood. The restaurant is slated to open in the summer of 2019.
Economy Watch: Retail Sales Slightly Down in February
A drop in car sales largely accounted for the monthly decline, according to the U.S. Census Bureau, but which categories did well for the month?