News
Dallas Industrial Facility Changes Hands
Dalfen America Corp. has purchased a 420,000-square-foot warehouse/distribution center in Dallas, as well as more than 12 acres of land. The facility offers 140,000 square feet of climate-controlled space.
LA Clippers Zoning in on Inglewood for New Arena
The basketball team and the City of Inglewood have entered into a three-year exclusive negotiating agreement to explore building a new stadium, training facilities and team offices on a 20-acre site opposite the future Rams stadium.
NY Investor Grabs 288 KSF NJ Office Asset
In an off-market transaction brokered by Cushman & Wakefield, Shelbourne Global Solutions acquired Perryville III in Hampton, N.J., for $19.9 million. The firm has rebranded the property as Shelbourne at Hunterdon.
Economy Watch: Tech Impact on Office Space Stronger Than Ever
As mobile devices, videoconferencing and other technologies become more commonplace, organizations are increasingly thinking about how they can connect their employees more effectively in the office environment, according to CBRE’s latest Global Prime Office Occupancy Costs report.
Seattle Office Building Commands $330M
A German investment firm is the new owner of Midtown21, a 21-story tower MetLife Real Estate and Trammell Crow Co. developed in the high-growth Denny Triangle.
Retail Outlook Not So Dire
The retail picture is not as dark as you think, according to a panel at the NAREE Real Estate Journalism Conference. Evolution is bringing new life to empty sites.
Mega-Reuse Project Moves Forward in LA
HFF worked on behalf of Atlas Capital and Square Mile to orchestrate a partial sale and refinancing for Row DTLA, a 1.8 million-square-foot redevelopment of a former industrial site in the Arts District.
Amazon to Buy Whole Foods in $14B Deal
The transaction is scheduled to close during the second half of 2017. Whole Foods Market will continue to operate stores under its current brand.
Florida 645 KSF Office Park Welcomes New Tenants
Two wireless companies will occupy approximately 40,000 square feet of office space at Sawgrass Technology Park in Sunrise, Fla. The asset is currently 36.6 percent vacant.
Phoenix Offices Trade for $82M
JLL worked on behalf of TR Camelback Corp. to secure the sale of two office buildings in the heart of the Camelback Corridor. Goldman Sachs’s subsidiary Archon Acquisition purchased both properties.