News
Specht Wraps Industrial Record-Setter in Portland
Specht Development and New York Life Real Estate Investors have teamed up to deliver the three-building, 732,824-square-foot property on more than 37 acres in Gresham, Ore.
All Aboard! How South FL’s New Rail Line is Driving Development
The nation’s first new private rail service in a century starts early next year, and investment is on a roll. Greater Fort Lauderdale Alliance CEO Bob Swindell talks with CPE about the impact of Brightline.
Citimark Snags 332KSF Tampa Industrial Portfolio
HFF arranged the acquisition financing for the two-campus infill portfolio comprising Pioneer Industrial Park and Sunstate Industrial Park through JP Morgan Asset Management.
CBRE Secures Portland Industrial Asset Sale
The buyer of the nearly 13-acre industrial site is a local food distributor. The transaction marks the company’s second in Portland’s Northeast submarket.
Flexential Adds 100 KSF to OR Facility
The Brookwood data center in Hillsboro, Ore. will total approximately 220,000 square feet. The site has been chosen as the U.S. point of presence for two submarine fiber cables.
Aztec Group Secures Financing for 67 KSF Retail Center
The company arranged $6.7 million in financing for a shopping center located in the suburbs of Tampa. BankUnited provided the loan, with a 70 percent loan-to-value ratio.
Economy Watch: Retail Sales Surge in November
Most retail categories enjoyed higher sales for the month and all types had positive sales growth for the year, according to the U.S. Census Bureau.
Morning Calm Closes Suburban DC Office Value-Add Deal
The nearly 300,000-square-foot park is less than half occupied, but its immediate environs look to be on the verge of a boom.
Unibail-Rodamco to Acquire Westfield in $16B Deal
Expected to close in the second quarter of 2018, the transaction would create a global company with a gross market value of $72.2 billion and 104 assets in many of the world’s most attractive retail markets.
L&L Signs Shiseido to 226 KSF in New York City
The cosmetics firm will relocate its Manhattan headquarters to 390 Madison Ave., a 900,000-square-foot redevelopment project the real estate investment firm is undertaking in a partnership with Clarion Partners LLC, on behalf of the New York State Common Retirement Fund.