News

Building 3 at at 8501 N.W. 80th St.

Nestlé to Occupy 258 KSF at Miami Logistics Park

Landlord L&B Realty Advisors landed a new lease, with Nestlé Waters North America, for an entire Class A building within the master-planned Airport North Logistics Park.

Lincoln Harris Adds New VP in Raleigh

Amy Watkins has nearly two decades of commercial real estate experience. In her new position, she will identify and secure new brokerage and development opportunities throughout the Triangle.

Economy Watch: Nonresidential Project Planning Up Slightly in February

The month’s increase was the result of an 8.2 percent bump in institutional projects, while the commercial component contracted for the second month in a row, according to the latest Dodge Data & Analytics report.

Jim Brown, NKF, Senior Managing Director

NKF Brings New Senior Managing Director on Board

Former Savills Studley Managing Director Jim Brown will focus on client relationship, account management as well as defining product and commercial offerings.

SoCal Community Reopens Following $10M Renovation

Decron Properties’ Reserve at Chino Hills includes 32 two-story buildings and 440 units. The company purchased the property in July of 2014 for $82.3 million.

WNC Shopping Center Changes Hands for $33M

EDENS has sold the Whole Foods-anchored, 130,000-square-foot Asheville Market, located in Western North Carolina’s largest city.

HFF Secures $32M Financing for NYC Industrial Asset

Upon completion, the John F. Kennedy International Airport-area property will bring 300,000 square feet to Queens, offering easy access to the Port of New York and New Jersey.

EVEN Hotels Opens FL, OR Properties

Zieg Hospitality owns the 132-key Sarasota, Fla., hotel, while VIP Hospitality Group owns the 102-key property located close to downtown Eugene, Ore.

MBRE Healthcare Acquires $37M San Diego MOB

Cushman & Wakefield represented ShopCore Properties in the disposition of the 83,213-square-foot property, which is part of the larger Park Terrace, a walkable mixed-used development.

Criminal Justice Center, $1B Mixed-Use Coming to Detroit

The Gratiot jail development will be replaced with a mixed-use project developed by Rock Ventures. The Wayne County jail facility will be rebuilt in partnership with the local developer on a new parcel acquired from the city of Detroit.