News
CPE’s Top 5 July 2017 Articles
Miss out on any CPE stories in July? Here are five of our most popular articles for the month, including news on the $5.2 billion Walgreens-Rite Aid merger and a joint venture partnership between GGP and Seritage.
OpenSquare Inks 5-Year Lease at 75 KSF Seattle Warehouse
Acquired by Westcore Properties last year, the 75,048-square-foot warehouse is situated near the Port of Seattle. Kidder Mathews worked on behalf of the workplace solutions provider.
Hotel Okura Expands Into Myanmar
The 390-key luxury hotel will be constructed on the site of the former Defense Services Museum, within a commercial complex set to include both office and retail.
Plymouth Industrial Scores 2 Indianapolis Properties
Located within Shadeland Interstate 70 Business Park, the two properties comprise a total of 606,871 square feet of space and are currently 94 percent leased.
TF Cornerstone Tapped for 1.5 MSF LIC Development
The 4.5-acre site will include residential, commercial, industrial, retail and academic spaces throughout. Handel Architects, ODA and Mathews Nielsen Landscape are designing the project.
Economy Watch: Nonresidential Construction Activity Still Brisk
The continued expansion in nonresidential fixed investment signals that growth in business outlays supports the ongoing economic recovery, according to Associated Builders and Contractors.
Queens Industrial Assets Sell for $78M
The joint venture plans to upgrade the buildings in order to capitalize on the growing demand for quality space within the supply-constrained New York market.
Boston-Area Lab Facility Changes Hands
The 40,000-square-foot, single-tenant property in Billerica traded for $6.2 million. The single-story building is fully occupied by biotech company RainDance Technologies.
Growing Inventory Caps Rent Growth in Austin
The metro’s economy is strong and population is booming, but a heavy new supply of apartments is limiting rent growth.
TIG Names Charles Hazen President
Prior to joining the investment management affiliate of Transwestern, the industry veteran led Stanmore Partners for the past four years. He was previously with Hines Corporate Properties for almost three decades.