News
Duke Adds Tenant to Miami Industrial Logistics Center
The Cushman & Wakefield team of Executive Director Wayne Ramoski and Director Gian Rodriguez worked on behalf of the landlord in the lease negotiations.
Economy Watch: 3Q GDP Revised Upward
The Bureau of Economic Analysis revised its estimate for real U.S. GDP growth for the third quarter, with increased economic growth in nonresidential fixed investment, including commercial real estate.
DEA’s El Paso Intelligence Center Turns to Solar
The site will benefit from reduced electricity costs, long-term electric pricing stability and reduced carbon emissions of more than 3,400 metric tonnes annually.
On the Market: 5 Interesting Listings for November
This month’s listings include a historic Massachusetts multifamily asset built in 1895 and a recently renovated office/loft space in Birmingham, Ala.
CBRE Arranges San Antonio MOB Sale
PPH Real Estate LLC bought a specialty medical office building located at 5109 Medical Drive on the CHRISTUS Santa Rosa medical center campus.
HFF Arranges $27M MOB Portfolio Recap
The company acted on behalf of both borrower Catalyst HRE and investor Charter Realty Group. 100 percent leased, the portfolio comprises six medical office buildings totaling 68,000 square feet in FL and NC.
Westcore Properties Nabs Industrial Portfolio in San Bernardino, CA
The two fully leased properties in the booming Inland Empire industrial market add to the company’s growing industrial footprint in the region.
Macerich Snags $86M for Chicago Office Asset
Located at 500 N. Michigan Ave., the 326,000-square-foot tower features 24 floors and last underwent cosmetic renovations in 2009. The property is situated adjacent to Macerich’s The Shops at North Bridge.
JV Sells DFW Industrial Facility
JLL represented the sellers, a joint venture between Ridgeline Property Group and Stockbridge Capital Group, and the buyer, Morgan Stanley. Eagle Park 20/35 is a recently constructed Class A distribution facility, centrally located 15 minutes from downtown Dallas.
Reno Distribution Center Changes Hands
JLL’s Capital Markets represented California State Teachers’ Retirement System and Panattoni Development Co. in the sale of a 423,001-square-foot Class A industrial property to LBA Realty.