News
DAUM Closes 200 KSF CA Industrial Lease
United Exchange Corp., a global manufacturer of consumer goods, signed an 87-month lease at a newly built warehouse in Rialto, Calif., and will be relocating from it’s Cerritos, Calif., facility.
Gene Kaufman-Designed NYC Hotel Tops Out
The $10 million property will feature 79 guestrooms across 21 stories totaling 34,000 square feet. Optima Real Estate is the project’s developer.
Economy Watch: Most CRE Sectors to Perform Well in 2018
CBRE’s annual U.S. real estate report revealed a largely positive outlook for the major property types this year.
Miami Worldcenter to Reshape City’s CBD
Nitin Motwani, managing partner of Miami Worldcenter Associates, talked to CPE about the 27-acre master-planned development taking shape in downtown Miami and how the project will transform the city’s urban landscape.
CBRE Closes Sale of 51 KSF Retail Asset in CT
The 50,800-square-foot grocery-anchored property is located halfway between Westport and Fairfield town centers and is currently 95 percent leased.
SJ Collins Sells Atlanta-Area Retail Asset
The developer previously owned the Whole Foods-anchored center. Last year, the building received a Green Globes rating from the Green Building Initiative.
REIT Gets SEC OK for St. Regis Aspen Resort IPO
Upon closing of the $33.5 million initial public offering, the company would become the first single-asset REIT to list on a U.S. securities exchange.
Former Home of American Stock Exchange Up for Lease
For the first time ever, a joint venture between GHC Development and Clarion Partners is opening up the historic building at 123 Greenwich St. in Manhattan.
JV Acquires 85-Acre IL Land Parcel
Formerly known as Busse Farm, the land will be used for the development of Elk Grove Technology Park, a 1.2 million-square-foot industrial and data center property.
NC Office Asset Fetches $56M
HFF marketed the property on behalf of an institutional owner advised by Clarion Partners, and arranged acquisition financing with Citizens Bank.