News
Divaris Arranges Sale of Historic Annapolis Building
In addition to facilitating the $2.3 million deal, the company also completed a lease negotiation in Arlington, Va. Divaris’ leasing and management portfolio in the Mid-Atlantic and South-Central U.S. exceeds 30 million square feet.
Creative Co-Working Space to Open in Columbus Suburb
Brick House Blue in Dublin, Ohio, is set to open late this fall. The 9,000-square-foot meeting space is part of Bridge Park and will unify distinct business owners in a collaborative work environment.
Urstadt Biddle Invests in NJ Shopping Center
The company acquired an equity interest in a new partnership that purchased the 75,400-square-foot, mixed-use Washington Commons Shopping Center in Dumont, N.J. The property encompasses retail, restaurant and apartment units.
Economy Watch Weekly: July Marks Good Month for Job Growth
The U.S. economy has experienced three solid months of job gains, with 209,000 positions being added in July, according to the Bureau of Labor Statistics. Economy Editor Dees Stribling breaks down the jobs numbers.
Spec Medical Project Underway SW of Houston
TierOne Development broke ground on a 38,600-square-foot office/medical development in Sugar Land, Texas, slated for completion in 2018.
JV Nabs 423 KSF San Antonio MOB Portfolio
Artemis Real Estate Partners, Ackerman & Co. and MLL Capital plan to invest $27 million to renovate and lease four buildings, which total 423,411 square feet.
Economy Watch: Investment in Non-Residential Structures Gains in Q2
By D.C. Stribling, Contributing Editor Investment in non-residential U.S. structures increased at a 5.2 percent annualized pace during the second quarter of 2017, the Bureau of Economic Analysis reported on Monday. That’s a marked change from early last year, when the pace of non-residential investment was dragged down due to a drop in petroleum exploration. Property type variation Investment in office properties increased during the second quarter, and is up 13 percent year-over-year. The pace of investment in that property type is almost as high as during the years before the recession, as a percent of GDP. As of the…
CBRE Closes Bay Area Industrial Sale
4 FACEB Investment LLC nabbed the 75,414-square-foot asset in one of the world’s most expensive logistics markets. The warehouse is within a mile from the Oakland Airport and a 15-minute drive from the Port of Oakland.
JLL Lends a Hand in Iconic NYC Hotel Sale
Highgate and the Rockpoint Group are the new owners of the 168-key Royalton in the heart of Midtown Manhattan.
Morning Calm Sells $11M FL Shopping Center
CBRE represented the seller in Vanguard Associates’ purchase of Crystal River Plaza, a 184,101-square-foot shopping center, which was 89 percent leased at the time of sale.