News
Transwestern, JDM Partners Buy 2 MSF Tempe Office
The partnership acquired the five-building Marina Heights campus from State Farm Automobile Insurance Co. in a sale-leaseback deal valued at $928 million, which could mark the largest-ever CRE sale in metro Phoenix.
Boston Residential Group Sells Office Asset in Cambridge, MA
The fully leased office and retail property is located across the street from Harvard University’s campus library. Boston Residential developed the building in 1985.
JLL Report: Most Expensive Streets 2017
Office tenants—particularly those in the financial, legal and technology industries—remain willing to dole out the big bucks for premier space on the most coveted boulevards across the country.
Brandt Group Acquires First US Manufacturing Facility
The 200,000-square-foot manufacturing facility is located in Bloomington-Normal, Ill. The property and its equipment belonged to Denmark-based Kongskilde Industries.
Children’s Hospital Expansion Set to Open in Palo Alto
Stanford Children’s Health’s pediatric hospital campus will more than double its size by adding nearly 150 beds in its latest sustainably designed building.
PAC Snags $19M FL Shopping Center
New Market Properties LLC, the company’s wholly-owned subsidiary, purchased Crossroads Market in Naples, Fla. The shopping center is anchored by a Publix grocery store.
Economy Watch: U.S. Gains 228K Jobs in November
Office-using industries, health care and construction all posted increases as the headline unemployment rate of 4.1 percent remained unchanged.
BLT Enterprises Sells $16M OR Warehouse
The nearly 92,000-square-foot facility is leased entirely by a single tenant, FedEx Group. Marcus & Millichap represented the seller in the transaction.
ORION Facilitates Phoenix Office Property Sale
The seller, Republic West Remodeling, will continue to occupy part of the building, while the remaining space will be leased out to a new tenant.
NKF Expands Minneapolis Team
Brent Erickson and Erik Ordway have joined NKF from Cushman & Wakefield. They will be working on landlord agency and select tenant representation assignments.