News
State-Leased Office Portfolio Changes Hands in VA
The portfolio consists of Southeastern Virginia Training Center—a 36,227-square-foot building— and Probation and Parole Office—an 11,139-square-foot building.
2-10 Home Buyers Warranty Moves HQ
The 74,000-square-foot office building is located in Aurora and has been recently renovated to host the company’s 350 employees.
HFF Closes Sale of 140 KSF Atlanta-Area Mall
The broker sold North Lake Square on behalf of GH Anderson & Co. VEREIT represented the buyer, a Cole Capital REIT.
Former NC Kmart Becomes 70 KSF Self-Storage Facility
Aston Properties made its first retail to self-storage conversion by transforming an old Kmart store in Monroe into a self-storage property that will be managed by Extra Space Storage.
Macmillan Leaves Flatiron Building for Lower Manhattan
The publishing company will relocate to the 1.9 million-square-foot office tower at 120 Broadway, pushing the building’s lease level to 96 percent.
Architecture Firm Relocates to Durham Office Tower
The new tenant’s studio is the first workplace in North Carolina to achieve Fitwel certification, an evidence-based standard that promotes occupant health and productivity.
Colliers Closes Sale of Florida Charter Schools
Executive Vice President & National Director Todd Noel and Senior Vice President Achikam Yogev worked on behalf of seller ESJ Capital Partners in the transaction.
St. John Properties Breaks Ground on SLC Campus
The company is investing $250 million in the development of Valley Grove, a 62-acre master-planned community in Pleasant Grove City, Utah.
Data Center Sector Driven by M&A, Cloud Demand
Construction rose by a whopping 43 percent in the first half of 2017, while industry consolidation powered a $13 billion surge in mergers and acquisitions, according to a new JLL report.
Economy Watch: Slowing Development in CA May Point to Nationwide Issue
Despite positive economic data like low unemployment and income increases, all property types are expected to see a construction slowdown in the Golden State, according to the recently released Allen Matkins/UCLA Anderson forecast.