News
CIP Arranges Sale of Oregon Hotel
The company worked on behalf of the seller and the buyer to close the transaction of the 36-key Rodeway Inn and Suites in Pendleton, Ore.
Economy Watch Weekly: Retail, Industrial Jobs Susceptible to Automation
Eighty percent of jobs in industrial-related industries and 63 percent of jobs in sales are at risk of disappearing as technology advances, according to a recent Citi report. Economy Editor Dees Stribling has the latest, for the week ending Sept. 8, 2017.
Dermody Completes Phase 1 of Dallas Distribution Center
Phase One of LogistiCenter at Dallas comprises a 626,439-square-foot distribution center that is expandable to 1.1 million square feet.
Economy Watch: Report Suggests Malls Need a New Tenant Mix
While department stores and apparel retailers occupy the most space in U.S. malls, they also posted relatively tepid sales growth in recent years, notes a new CBRE report.
BGC Acquires Berkeley Point, Minority Stake in New CRE Biz
The company and its affiliate Cantor Fitzgerald paid $875 million to purchase the capital solutions provider, and invested an additional $100 million in finance and investment business CF Real Estate Finance Holdings LP.
Ackerman & Co. Acquires Atlanta Business Park
CBRE represented Onward Investors in selling its four-building industrial campus for $12.7 million. The 12-acre Lavista Business Park is currently 87 percent leased.
Cambridge Class A Building Changes Hands for $75M
Lincoln Property Co. and Chile-based Stars Investments acquired 625 Massachusetts Ave., a 122,104-square-foot office and retail property in the supply-constrained Central Square district.
Bank of America Grows in San Jose
Completed in 2001, Century Plaza II is a LEED Gold certified building ideally situated on 2.9 acres in Silicon Valley. The property is fully leased.
Amazon to Invest $5B in 2nd North America HQ
The Seattle-based e-commerce giant opened the request for proposals, giving metros with a million-plus population—and other qualifications—the opportunity to submit their bids for the mega project until Oct. 19, 2017.
Zayo Buys Data Center in Denver Area
The 29,500-square-foot asset further expands the company’s presence in Colorado and will be directly linked to the one Zayo owns in downtown Denver at 1500 Champa St.