News
IAC Acquires Phoenix Industrial Asset
A Kidder Matthews team led by Mike Ciosek, Eric Bell and Dylan Scott negotiated the deal for the 50,000-square-foot building.
The Impact of P3s on US Building and Infrastructure Projects
Skanska’s Michael C. Brown talked to Commercial Property Executive about the current status of Florida’s construction sector and the significance of public-private partnerships.
Tech Firm Inks 10-Year, 3-Floor Manhattan Lease
The 20-story Class B office tower, situated in the Flatiron District, is currently undergoing significant capital improvements, expected to be complete in spring 2018.
Phoenix-Area Retail Center Trades for $22M
The 118,377-square-foot property located in Glendale is 97 percent leased, with Walmart as main anchor. Lee & Associates Arizona represented both the seller and the buyer.
Sky Management Buys $18M Industrial Building in CT
Neighboring the company’s first purchase in the state, the 358,000-square-foot manufacturing and warehouse property houses key facilities for Fosdick Fulfillment Corp. and Medline.
FNB to Anchor Charlotte Mixed-Use Tower
The corporate parent of First National Bank will occupy 30,000 square feet at a new 31-story mixed-use tower in Charlotte, N.C., which is being developed by Dominion Realty Partners.
Crown, Crestpoint JV Buys $129M Toronto Office Asset
The downtown campus, which is slated for upgrades and also includes a 303-spot parking structure, marks the partnership’s second acquisition.
Lightstone’s Chelsea Moxy Hotel Tops Out
In partnership with Marriott, the company plans to open a total of four Moxy properties in New York City. The 349-key Chelsea hotel is slated for delivery this fall.
Economy Watch: NAIOP Highlights Importance of CRE to US Economy
Commercial real estate development and operations supported 7.6 million jobs and contributed more than $930 billion to U.S. GDP in 2017, according to NAIOP’s recently released annual study.
A Guide to Commercial Real Estate Crowdfunding
Charles Clinton delves into the risks and benefits of this new source of capital that is drawing in more and more institutional real estate companies, as well as targeted individual investors.