News
JV Brings 102 KSF Medical Facility to Houston
Stream Realty Partners, in partnership with AMD Global LLC and Diamond Realty Investments Inc., will break ground on the Class A facility at the end of the year.
NAI Seals OC’s Largest Single-Tenant Deal in 25 Years
The company represented J.C. Penney Properties Inc. in the $131.3 million sale and short-term leaseback of their distribution center in Buena Park, Calif., which spans more than 1 million square feet.
Clearwater Office Park Lands $6M Refi
Grandbridge Real Estate Capital’s Vice President T.J. Ownby arranged the permanent, fixed-rate financing for the three-building complex, known as Belcher Commons.
Parkway Inks Lease Renewal at Houston’s Post Oak Central
The tenant, an oil and natural gas exploration and production company, occupies a total of 524,000 square feet at the three-building office complex.
Cliffs Invests $700M in First Midwest Plant
The mining and natural resources company will create 130 permanent jobs and more than 1,200 construction jobs over the next two years in the Great Lakes Region.
Law Firm Signs 60 KSF Sublease at 425 Lexington Ave.
In a deal brokered by Savills Studley, Holwell Shuster & Goldberg LLP will occupy three floors in JP Morgan Asset Management’s Class A tower.
JV Sells Two Prime NJ Office Assets
Somerset Properties and Greenfield Partners LLC selected Colliers as the exclusive agent for the disposition of 400 and 406 Lippincott Drive in Marlton, N.J. The two Class A office buildings total more than 80,000 square feet.
Economy Watch: Hotel Development Still Strong
Hotel planning and construction in the U.S. grew again in May, with more than half a million rooms under contract across nearly 5,000 projects, according to a recent STR report.
Greater LA Retail Center Lands $125M Refi
Federal Realty is using the loan for Plaza El Segundo, a 380,558-square-foot shopping mall comprising 13 buildings in the South Bay community.
EastGroup Plans 850 KSF Industrial Park in Florida
Later this year, the REIT will begin construction on Gateway Commerce Park, an 850,000-square-foot campus on a 61-acre site in the tight metro Miami market.