News
Economy Watch Weekly: Not All Retailers Feeling E-Commerce Impact
While electronics and clothing retailers are seeing a portion of their sales moving online, e-commerce has yet to gain traction in some other retail categories, according to a recent CBRE analysis.
JV Scores Prime Boston-Area Office Portfolio for $270M
Longfellow Real Estate Partners has teamed up with Morgan Stanley to acquire three Class A office and tech properties totaling 605,873 square feet in Cambridge, Mass. Longfellow will handle the building operations on behalf of the joint venture.
Duke Realty Makes Promotions
Steven Schnur is a veteran in the company since 2003, having held roles as regional executive vice president and senior vice president of Duke Realty’s operations.
MGM Resorts International Awarded Four Green Globe Certifications
The award, the highest assessment given by GBI, was bestowed upon a portfolio of 26 retrofit buildings in Las Vegas, which encompass more than 45 million square feet of hospitality space.
Construction Industry Backlog Up
The amount of construction work under contract but not yet completed rose to nine months, according to the Associated Builders and Contractors latest Construction Backlog Indicator, implying expanding demand for construction services, or a shortage of construction labor in a few markets.
Mammoth 1 MSF San Jose Office Project in Talks
TMG-VOP Julian LLC, a joint venture between TMG Partners and Valley Oak Partners LLC, has submitted a preliminary review application to the City of San Jose for the development of three six-story buildings.
The Domain Thrives in Austin
TIER REIT is about to begin construction on a 324,000-square-foot, 16-story office building within the booming live-work-play community on the city’s northwest side.
NKF to Market 3.3 MSF Twin Cities Development
Viking Lakes will add office, retail, hospitality, multifamily, medical office and a sports medicine center to Eagan, Minn.
TIER REIT Buys Big in TX, Sells in KY
The company acquired a Class A office asset in Plano for $123.3 million and sold a portfolio in Louisville, Ky., for $71.5 million.
JLL Helps SPENGA Settle in Houston
With roughly 40 locations in Illinois, Ohio, North Carolina and Colorado, the boutique fitness center enters the Houston market with a 4,011-square-foot studio.