News
PSG to Build 110 KSF Baltimore Self-Storage Facility
In a deal brokered by Savills Studley, the company acquired an 8,100-square-foot flex building. The new owner plans to redevelop it into an Extra Space Storage property.
NC Charter School Commands $9M
The deal marks Charter School Capital’s first acquisition in the state. The company plans to expand the facility to accommodate the school’s further growth.
Upgrades Underway at Suburban Atlanta Office
The modernization project includes enhancements to the building’s exterior and interior features in order to transform it into a highly amenitized, 21st-century office community.
CIM, fifteenfortyseven Team Up for SF Data Center Buy
CIM Group formed a joint venture with data center builder fifteenfortyseven Critical Systems Realty to acquire a 7.3-acre property. The partners will build the first San Francisco data center in more than a decade.
RMF Renews Lease at Baltimore’s bwtech@UMBC
Completed in 2008, the Class A building is located within University of Maryland – Baltimore County’s campus. Savills Studley represented the national engineering firm.
Lincoln Harris Unveils Plans for Charlotte Observer Site
Legacy Union, a 10-acre mixed-use development at the onetime newspaper campus, is set to become one of the largest projects ever in the city’s Uptown submarket.
HFF Secures $15M Loan for NJ Industrial Asset
The three-year, floating-rate loan through Malvern Federal Savings Bank is being used to cover acquisition and closing costs for a rail-served warehouse distribution building and adjacent 16-acre development site in South Brunswick.
Hines, Peterson to Revamp Iconic Building in Ireland
The companies are planning to transform the former Central Bank headquarters in Dublin into a mixed-use destination incorporating retail, restaurants and a rooftop hotel.
Las Vegas Shopping Center Trades for $63M
The asset built in 2007 is fully leased and is anchored by Smith’s Grocery, a subsidiary of Kroger and TJ Maxx. Within a five-mile radius of the property reside more than 200,000 people earning an average household income of $89,000.
How Does the Live/Work/Play Shift Impact Office Trends?
So-called “urban-suburban” submarkets that offer mixed-use developments are in the best position to capture demand from occupiers and investors looking to leave CBDs, according to the latest CBRE market report.