News
Historic KC Building Comes Back to Life
East 9 at Pickwick Plaza, a mixed-use development in downtown Kansas City, Mo., opened its doors. UC Funds and Gold Crown Properties completed the $57 million renovation in less than two years.
Chicago PNC Bank Changes Hands for $4 Million
The buyer, a Canadian investment group, paid almost full price for the 7,500-square foot asset located in North Side Chicago. Marcus & Millichap negotiated the transaction on behalf of both parties involved.
Irvine Leases 300 KSF+ of Office Space in Downtown Chicago
More than 20 lease agreements were inked at three Chicago trophy towers: One North Wacker, 300 North LaSalle and 71 South Wacker.
Employment Picture
Year-over-year, the largest difference for employment was in the Professional and Related occupations with a rise of 4.6 percent.
CMBS Delinquencies
Delinquencies continued to drop year-over-year as of June 2017, except for the lodging sector, which increased by $1 million.
CRE Transaction Volume and Percent Change
The volume has ranged over the past 10 years from $13.2 billion in the first quarter of 2009 to $160.2 billion in the fourth quarter of 2015.
Brandywine Realty Relocates HQ to Urban Philly
The company will keep its suburban Radnor offices, but will consolidate its corporate operations to FMC Tower at Cira Centre South in the University City area.
Attorney Hugh Finnegan Joins Romer Debbas as Partner
With more than three decades of experience, Hugh Finnegan will also serve as co-manager of the firm’s commercial real estate department, focusing on enhancing the company’s lending platform.
Divaris Grows VA Portfolio With 1.3 MSF
The five retail properties bring the company’s leasing and management portfolio in the Mid-Atlantic and South-Central U.S. to almost 32 million square feet.
Velocis Snags WPB Office Tower
The LEED Silver certified property is 47 percent occupied and will undergo extensive renovations, including the creation of a modern tenant lounge.