News
Ryan Cos. to Break Ground on Elmhurst MOB
Situated in the heart of Elmhurst, Ill., the company will develop a two-story medical office building, which will feature enhanced lobbies and modernized systems.
SkyWalker Property Closes First Houston Office Buy
The new owner purchased One Northwind Plaza from Aegon USA Realty Advisors and revealed plans to invest $1 million in capital improvements.
JLL Arranges Sale of Dallas Industrial Asset
Linron Properties disposed of a 289,000-square-foot manufacturing facility that also features 10 acres of laydown yard, fully utilized rail access and an additional 24 acres of contiguous land.
TSG Group’s New Platform Buys Downtown Indy Tower
Black Salmon, the company’s recently launched CRE investment vehicle, has acquired BMO Plaza, a 444,644-square-foot, 28-story Class A office building in Indianapolis’ central business district.
CRE Deal Volume Drops in Q4
Deal activity slowed in the last quarter of 2017, as investors waited to see if tax reform would pass in 2018. According to the most recent Ten-X Commercial report, they may also have been worried about whether the U.S. economic expansion, which is approaching the second longest expansion period in the nation’s history, would continue.
CBRE Arranges 199 KSF Plano Office Property Trade
With the assistance of the commercial real estate services firm, Alexander & Baldwin sold the suburban Dallas complex at 1800 & 1820 Preston Park to Libitzky Property Cos. and Sunwest Real Estate Group.
Stonecrop Technologies Inks 527 KSF Lease in Columbus
In a quick move that reflects the strength of the local market, Plymouth Industrial REIT signed the newcomer to a three-year deal just a few months after the old tenant vacated space.
Class A Office Building Lands 173 KSF Tenant in CT
The 264,500-square-foot property is part of The Towers at Merritt River, an office campus in Norwalk. FactSet will occupy more than half of the building with the relocation of its global headquarters.
Staybridge Suites Changes Hands in North Dallas
Granitepark-Parkwood LLC sold a 101-key hotel in Plano, Texas, to Ascend Growth Partners. CBRE negotiated the deal on behalf of the seller.
LBA Realty Expands DFW Industrial, Office Footprint
The California-based company purchased a portfolio incorporating more than 500,000 square feet of warehouse space, as well as a 53,600-square-foot office asset in Coppell, Texas.