News
UMB Bank Inks Long-Term Office Lease in Fort Worth
The company will occupy 12,000 square feet of office space on the fifth floor of an iconic Fort Worth building, as well as a 7,000-square-foot lobby. UMB Bank entered the Texas market four years ago.
JLL Names New Vice President in Fort Worth
JLL appointed David Berzina as vice president. He is the former head of economic development of the Fort Worth Chamber of Commerce and in his new role he will be responsible for site selection and the company’s economic development strategy.
NKF Tapped for Brooklyn Tech Hub Assignment
The firm will represent the remaining office space at Dumbo Heights, the 1.2 million-square-foot complex redeveloped by Kushner Cos., RFR Realty and LIVWRK.
RKF Leases 6 KSF at 1515 Broadway in Times Square
The 1515 Broadway office tower is leased to major employers such as media giant Viacom, PlayStattion Theater, Minskoff Theater, and KIKO MILANO and LINE FRIENDS who recently leased 1,542 square feet and respectively 4,629 square feet of space.
From Church to MOB in Queens
Regent Medical Properties LLC plans to replace the 20,803-square-foot building in Flushing, N.Y., purchased for $19 million, with a 12-story, mixed-use medical office building.
North San Diego 225 KSF Outpatient Center Underway
Construction began on the first phase of a 225,000-square-foot Class A medical office development on the campus of Palomar Medical Center Escondido. Cushman & Wakefield will handle leasing.
Large Tech Transactions Spurred by Demand, Cap Markets
According to Dilara Sukhov and Ranjini Venkatesan of Moody’s, market trends and positive capital markets fundamentals have allowed tech infrastructure REITs to strengthen their market presence, portfolios and growth prospects.
Cush & Wake to Acquire Partner Firms
The company entered into an agreement with Northmarq to acquire its partner firms in Minneapolis, Seattle, Salt Lake City and Las Vegas. In total, the firms will have 750 employees and manage 50 million square feet of space.
Manufacturer Opens First Missouri Pipe Plant
Advanced Drainage Systems, a provider of water management products, opened its 62nd facility. The Harrisonville, Mo., plant has 72,650 square feet and approximately 50 employees.
Economy Watch: Retail Sales Enjoy Healthy Gain
Consumers appear to be in a buying mood this summer, as last month’s sales jumped 4.2 percent ahead of July 2016, the Census Bureau reported.