News
Economy Watch: Retailers Under Pressure to Handle Online Returns Efficiently
Retailers will be in for a challenge to successfully handle the expected $32 billion in online returns this year, according to a recent CBRE report.
New Manufacturing Facility Opens in Burnet, TX
The new 15-acre plant has an on-site quarry providing raw materials and will serve Oldcastle’s concrete and mortar brands. The facility will be operational by the end of the month.
CIM Group Acquires Uber’s Uptown Station in Oakland, CA
The buyer will continue redeveloping the former department store into a 356,000-square-foot Class A creative office and retail property, with the building expected to open by the end of 2018.
HFF Brokers Northwest Austin Office Sale
The Parkcrest office building recently underwent a series of renovations and offers visibility and direct access to Austin’s major roadways.
CBRE Acquires Italian Engineering Services Provider
Geico Lender focuses on providing a broad range of services for the installation of HVAC, building automation and other technological systems for financial institutions and other private sector companies.
CBRE Arranges Sale of Greenville-Area Facility
The buyer revealed its plans to upgrade the property’s exterior and interior features as well as the parking and truck court surfaces.
U.S. Economy to Continue Growing in 2018
Key indicators suggest the nation’s economic expansion will carry on into the next year despite natural disasters and political turmoil, according to the latest edition of “The Briefing” from Transwestern.
Little Caesars Gathers Local Contracts for $150M Detroit HQ
The largest carryout-only pizza chain has awarded 99 percent of the contracts for the project to Michigan-based businesses, 69 percent of which have gone to Detroit-headquartered companies.
Choice Hotels to Buy WoodSpring Suites for $231M
The company will become the brand’s franchisor, strengthening its leadership in the extended-stay segment with the acquisition of 240 hotels in 35 states.
Jernigan Invests in 2nd NJ Facility
The firm has invested $10.6 million in a proposed self-storage facility in Dover. Construction will begin in 2018, with completion slated for 2019.