News
NAP Breaks Ground on Midtown Redevelopment
The re-imagined Colony Square will feature multiple upscale restaurants and retailers, several entertainment destinations, as well as a new office building totaling 172,000 square feet.
Economy Watch: Office Vacancies Continue Slow Decline
Suburban office markets set the pace for the decline in the national vacancy rate, according to new CBRE data. Mid-size Sun Belt markets have seen vacancy rates decline over the past year.
Grupo IGS Snags 3 MSF Mexico Industrial Portfolio
The company purchased the 27-property portfolio from Hines, which assumed management of it two years prior. Along with its listing brokers, Hines brought the portfolio from 73 to 90 percent leased.
SunCap Sells $19M SC Industrial Facility
HFF represented the seller in its disposition of Magna Distribution Center, a 229,950-square-foot, Class A warehouse and distribution facility, situated within the 882-acre master-planned Tyger River Industrial Park North in Moore, S.C.
Berkadia Tapped to Seek $650M for San Diego Project
The eight-block Manchester Pacific Gateway will eventually encompass 2.8 million square feet of hotel, office and retail space. The location is reportedly the largest undeveloped urban waterfront site on California’s coast.
51 KSF Self-Storage Facility Trades in Orlando, FL
Marcus and Millichap arranged the sale on behalf of the seller and secured the buyer as well. The self-storage asset offers 443 drive-up units.
Well-Located Dallas Office Asset Changes Hands
A private investor sold the 32,000-square-foot office building in Dallas to a limited liability company. Cody Payne and Wayne Bares of Marcus & Millichap represented the seller and secured the buyer.
Transwestern Welcomes New SVP
The company hired Franklin Byrd as managing senior vice president of corporate operations and finance. He has more than 25 years of experience in finance, accounting and compliance.
300 KSF Chicago Arena to Open at McCormick Square
Prairie District 3 Partners developed Wintrust Arena, which will serve as the new home to DePaul University’s basketball teams. The multi-purpose venue will also host concerts and special events.
Eco Group Plans $800M M-U Project Near Raleigh-Durham
The 350-acre live-work-play development known as Mosaic will break ground in 2018. Phase one will yield 44 acres of entertainment and lifestyle accommodations at a construction cost of $140 million.