News
ZRG Partners Taps New Managing Director
Kevin Jones will be serving as managing director to ZRG’s Pittsburgh office. He brings more than 25 years of knowledge in executive search and assessment experience.
SG Property Services Buys Greater-Atlanta MOBs
Physician owners represented by CBRE and Colliers sold the two properties totaling 55,664 square feet for a combined $11.9 million.
Eli Lilly Completes $90M Biotech Expansion in San Diego
The expansion more than doubles the firm’s existing Biotechnology Center, as part of the company’s $850 million U.S. capital investment for 2017.
JLL Arranges Sale-Leaseback of Austin Health Facility
STORE Capital has purchased an 18,313-square-foot rehabilitation facility from Mentis Neuro Health, which will lease back the property for a 15-year term.
Alphapointe Buys Warehouse, Relocates to Queens
The non-profit organization purchased a 138,000-square-foot brick warehouse in the borough’s Richmond Hill neighborhood. The property will serve as its administrative offices, manufacturing and distribution facility, and call center.
Hines, Ivanhoé Break Ground on Toronto’s CIBC Square
The project will comprise two buildings and a one-acre elevated park over the rail corridor. The first property is scheduled for completion in 2020.
C&W to Lease, Manage Westchester One in NY
The 906,689-square-foot office tower is the largest office building in White Plains, N.Y., and changed hands this month. The asset is set to undergo a complete renovation and pre-built program.
Hudson Pacific to Transform Santa Monica Office Asset
Hudson Pacific Properties is set to reposition a three-story, 44,000-square-foot office building in Santa Monica, Calif. The company plans to invest up to $1.4 million in interior/exterior upgrades.
JLL Inks Lease at Houston-Area Development
JLL’s David Bale and Eugene Terry represented the tenant in the lease negotiations, which will occupy the entire second floor of Building 4 at Grandway West.
Economy Watch: E-Commerce Sales Impacting Certain Retail Sectors
While internet sales have been steadily increasing each year and each month, they are only generating significant volume in sectors like apparel and electronics, according to a new CBRE report. E-commerce has yet to gain as much traction in other retail areas.