News
Shea Nabs 7 Leases at San Diego’s Mercado del Barrio
The new leases totaling 15,600 square feet bring the occupancy of the retail section of the project to 93 percent. The $80 million development was created in 2013 to help revitalize and preserve Barrio Logan’s cultural legacy.
Furniture Company Leases 47 KSF in Suburban NJ
In a deal brokered by NAI James E. Hanson, GBK Group Inc. expanded its warehousing and distribution business by occupying space at a retail and industrial/flex building in Fairview, N.J.
Economy Watch: Aging Population to Support Medical Office Demand
The population of people over age 65 is expected to nearly double between 2015 and 2055, which is an encouraging factor supporting long-term demand for medical office space, according to a new CBRE Research report.
Demographic Shifts Pick Up Speed in Orange County
Employment gains, a moderate supply of new development and a high barrier to homeownership have bolstered strong multifamily demand in Orange County, pushing up rents and keeping occupancy over 96 percent.
Beatty Development Promotes 2 VPs
Previously senior development directors, Pula and Flesher have extensive experience in the field and will continue to work on large Baltimore-area projects.
Northwestern Mutual’s New HQ Opens in Milwaukee
The 1.1 million-square-foot project on Lake Michigan will house about 2,400 employees, relocating them from the company’s downtown and Franklin campuses.
LG Electronics Breaks Ground on 1MSF TN Factory
The highly automated facility will produce front- and top-load washing machines, turning out a new appliance every 10 seconds, while the change between models will be performed in less than four minutes.
SL Green, Vornado Snag $1.2B Refi for Manhattan Tower
The new loan on the 280 Park Ave. office building, now 97 percent leased following its emergence from a sweeping $150 million renovation, replaces the $900 million refinancing secured in 2016.
Boat Manufacturer Expands Dorchester County Operations
Sportsman intends to invest $3.5 million in a 70,000-square-foot addition to its existing facility. The company expects to create 100 new jobs.
TOD Gets High-Touch Treatment in San Francisco
San Francisco’s Transbay Terminal is getting a high-tech media platform, thanks to its new promotional partner, Pearl Media. The state-of-the-art transit hub, to be renamed Salesforce Transit Center, will feature 274 digital screens, along with shopping, dining and a rooftop park.