News
Aerospace Manufacturer Inks 103 KSF Lease in Arizona
The deal is the latest in tech manufacturing companies expanding in metro Phoenix and infill locations and broadens Modern Industries’ reach in the area.
Valencia Gateway V Ready for Lease
Gateway V totals 255,000 square feet and is part of a large industrial master-planned project. The property offers easy access to Interstate 5.
Joint Venture Invests in SC Redevelopment
The Lowenstein Building is the first of several phases of a rehabilitation program taking place within Knowledge Park, a $200 million mixed-use development.
Boston Properties Adds New VP in LA
Jonathan Lange joined the real estate investment trust as vice president of the Los Angeles region. Previosuly, he served as vice president of capital markets at JLL.
JLL Secures 133 KSF Portland Office Sale
In a three-part transaction, JLL arranged the sale of 1417 NW Everett, on behalf of the tenant, Deutsche Asset Management. The owner, Gerding Edlen, initially purchased the property in 2007.
Michael Ziestman Takes On Leadership Role at JLL
Ziestman, with 34 years of experience in the sale, joint venture and financing of various property types, and an aggregate value in access of $11 billion, took on a new challenge at JLL Capital Markets.
Economy Watch: Construction Material Prices Still on the Rise
Demand for construction materials remains high in the U.S., with positive wealth expectations creating confidence in real estate developers, according to a recent Associated Builders and Contractors report.
Central TX Hotel Portfolio Trades
A joint venture purchased the Holiday Inn Express & Suites and the TownePlace Suites in Waco, Texas. Marcus & Millichap represented the seller and procured the buyer.
Historic San Francisco Office Asset Earns LEED Platinum
The Mills Building is believed to be the oldest commercially owned, multi-tenant building in the Bay Area to be awarded the USGBC’s highest certification.
Chicago Hyatt Centric Trades for $110M
Deka Immobilien purchased the hotel from Murphy Development Group. HFF represented the seller in the transaction for the 257-key asset.