News
CBRE to Manage Palm Beach County Office Complex
CBRE recently brokered the sale of Golden Bear Plaza, a three-tower property that features a variety of amenities including private exterior terraces and a fitness center.
University Research Park Welcomes New Tenant
Digital Map Products will relocate its corporate headquarters by the end of the year. In the move, the provider of cloud-based location technology will nearly double its current square footage.
San Gabriel Sheraton Hotel Design Revealed
Kollin Altomare Architects designed the 288-key property slated for completion by fall 2017, with interior design from Cheng Chung Design and Whitespace Interiors.
Economy Watch: Planning Velocity for Nonresidential Projects Slips in July
The drop in Dodge Data & Analytics’ Dodge Momentum Index for the month was due to a 6.6 percent decline in the institutional component, while the commercial component fell 1.1 percent.
NoVA Distribution Facility Lands $18M in Financing
The 487,897-square-foot asset is fully leased to CVS Caremark Corp. and consists of three buildings: a main building housing a warehouse and offices, an aerosol storage facility and a truck repair facility.
NJ Retail Centers Trade for $34M
The two properties total 110,000 square feet and were sold to an affiliate of Urstadt Biddle Properties Inc. and The Klein Group LLC, in a transaction brokered by Gebroe-Hammer Associates.
Pair of NJ Office Buildings Trade for $21M
Alma Realty acquired the buildings out of REO through a sale arranged by CBRE, after the previous owner defaulted on a $24.1 million loan. The assets are 77 percent leased and offer 41,400 square feet of vacant space.
London Mixed-Use Building Commands $237M
Tishman Speyer sold 100 New Oxford St., an office and retail building totaling more than 106,000 square feet, to a joint venture between Thor Equities and AEW.
Hoar Construction Tapped for Orlando Mixed-Use
The company was chosen by Tavistock Development to handle preconstruction and general contracting for phase II of Lake Nona Town Center, a 3.8 million-square-foot mixed-use development in Orlando.
Toyota, Mazda Alliance to Yield $1.6B North America Plant
The two car giants’ new agreement calls for the joint development of a manufacturing facility that would begin producing vehicles in the U.S. in 2021.