News
Maintaining Balance in Portland
As the local economy is shifting from electronics hardware and manufacturing toward software and web services, demand for office space remains strong across the metro, especially in high-profile submarkets such as the CBD and Pearl District.
Verizon Leases 61 KSF at Annapolis Junction TOD
The four-story office building is part of St. John Properties’ upcoming mixed-use development located in the Washington, D.C.-Baltimore corridor.
Transwestern Hires New SVP
Having arranged more than 500 transactions valued at $167 million, Lisa Bovermann will focus on providing agency leasing services to health-care clients in the Houston MSA.
Manhattan Office Building Receives $86M Financing
Progress Capital negotiated the construction loan with Natixis, for the development of a 110,727-square-foot asset at 330 E. 62nd St.
Massive Inland Empire Industrial Park Leases Up 2nd Phase
Two new tenants have committed to nearly 1.2 million square feet of Class A space at Watson Industrial Park Chino, a 263-acre master-planned center in Chino, Calif.
Georgia-Pacific to Bring $135M Plant to Peach State
The pulp and paper product manufacturer will develop the state-of-the-art facility in Warren County, as a replacement for an existing adjacent lumber mill.
Hilton Garden Inn Opens in Western TN
The 98-key hotel, which broke ground in mid-2016, is located just off Interstate 40 approximately halfway between Nashville and Memphis.
Hertz Investment Acquires 807 KSF Houston Office Campus
HFF’s Investment Advisory group represented Parmenter Realty Partners in the sale of the three-building, Class A Brookhollow Central I, II and III in the city’s North Loop, and procured the buyer.
Metro LA Office Campus Changes Hands for $47M
SteelWave sold The Arbors, in Thousand Oaks, to Felton Properties. In less than five years, the four-building asset has gone from an REO near-foreclosure to a major renovation.
The Cautious Growth of Net Lease Development
Sundance Bay’s Mark Maughan explains challenges for smaller owners and his expectations from the sector for the coming 12 months.