News
Hanley Arranges $22M Inland Empire Retail Sale
The 62,952-square-foot newly remodeled regional shopping center in Riverside, Calif., was 98 percent occupied at the time of the sale. Only eight shopping centers in the Inland Empire changed hands for more than $20 million in the past 12 months.
Meridian Nabs Bay Area 175 KSF Office
The firm plans to reposition the property and bring upgrades to the building systems, roof and common areas. Transwestern will be handling leasing efforts.
Okura Nikko Unveils Japanese Hotel Plans
Slated for completion in 2019, the company plans on opening Hotel JAL City Sapporo Nakajima Park, a 13-story, 211-key hotel on Japan’s island of Hokkaido.
New York Health Care Center Breaks Ground
A team comprised of The Congress Co., Congress/Consigli JV and The Architectural Team will develop White Plains Institute for Rehabilitation & Healthcare. The construction of the 160-bed skilled nursing facility will commence this month.
Drawbridge Snags Orange County R&D Asset
Cushman & Wakefield’s Capital Markets team represented the seller, Baring Real Estate Advisers, in the transaction. The building has served as Panasonic Avionics’ headquarters since 2000.
Gramercy Lands $331M Industrial Portfolio
The nine properties are located across eight major markets, which include Atlanta, Boston, Charlotte, Chicago, the Inland Empire, Minneapolis, Reno and Spartanburg, S.C.
Ford Land Taps Mid-America to Lease Retail Space
The retail component is part of the upcoming Wagner Place, a 150,000-square-foot mixed-use development located in Dearborn, Mich. It will be available by mid-2018.
Avison Young Brokers Tampa-Area Office Sale
Principals David Duckworth, Tim Callahan, John Crotty and Michael Fay, who is also managing director of the firm’s Miami operations, represented the seller in the transaction.
Mid-America Real Estate Brokers KS Shopping Center Deal
The buyer of the 100,000-square-feet property located in Derby, Kan., was Cole Credit Property Trust V Inc. The tenants are Hobby Lobby, Ross Dress for Less and TJ Maxx.
CBRE Tapped to Market Florida Office Assets
The property owners selected CBRE’s Capital Markets team to spearhead marketing efforts for two assets located in Miami and Boca Raton, Fla.