News
CBRE Arranges Sale of 1 MSF Industrial Asset
The firm worked on behalf of the seller, Ryan Cos. to arrange the $50.3 million disposal of a build-to-suit industrial facility located approximately 80 miles east of Minneapolis.
Development’s Return in Los Angeles
Office development reached a cycle high of 2.3 million square feet in 2017, marking a 53.7 percent year-over-year increase. Construction has picked up in less popular areas such as Jefferson Corridor and downtown Long Beach, while North Hollywood emerged as the most active suburban submarket.
MaxLite Debuts 5 Energy Savers
The lighting manufacturer’s latest offerings include the MaxLite HP Pendant, Eco High Bay Linear and MaxLite Lamp Ready Track.
Chesnut Properties to Break Ground on 1.4 MSF Office Project
The company is building three campuses as part of the 210-acre Millenia Master Plan in Chula Vista, Calif. The multibillion-dollar undertaking also calls for as many as 3,000 multifamily residences; 1.5 million square feet of retail, hospitality, civic and mixed-use projects; six themed urban parks; and a variety of public spaces.
Dilweg Picks Up Midtown Atlanta Office Asset
The new owner revealed plans to invest more than $10 million in the repositioning of the seven-story Pershing Point, which is anchored by Kaiser Permanente and HUGE.
CT Kicks Off $125M Industrial Project in Chicago
The development, Interchange 55 Logistics Park, will occupy a recently purchased 112-acre parcel, and upon completion, will add 1.3 million square feet of industrial space to the local market.
Economy Watch Weekly: Economic, Employment Metrics Point to Strong 2018
Reports on the U.S. economy and job growth in the last quarter of 2017 and early 2018 suggest a healthy year ahead for commercial real estate. Economy Editor Dees Stribling discusses the latest data, for the week ending March 2, 2018.
DiamondRock Grows Western Hotel Portfolio
The 242-key hotel first opened its doors in 2012, and is situated in downtown Phoenix, within the 1.2 million-square-foot CityScape mixed-use high-rise.
JV to Build 340 KSF Warehouse in Charleston
North Signal Capital and Westport Capital Partners have broken ground on a 340,000-square-foot build-to-suit facility for Science Applications International Corp. Bank of America provided financing for the project, which is situated within North Pointe Commerce Park.
NAI Closes North Jersey Industrial Lease
The tenant, a newly formed industrial tire supply company, will occupy nearly half of the building, which totals more than 65,000 square feet.