News
Economy Watch: Americans Generally Optimistic About Economy
A new Pew Research Center report reveals that nearly six in 10 Americans believe the current economic situation is good, which bodes well for commercial leasing. However, the same participants weren’t as optimistic about future prospects.
Greysteel Expands in Denver
To accommodate their growth throughout the country, Greysteel opened its first Colorado office, in Denver. The company hired Ryan Floyd as a senior director and Scott Whitfields as a director.
First Tenant Expands Lease at Triangle Office Asset
The San Jose-based firm is the first tenant to commit to the recently delivered Class A property, one of the largest developments on the corner of interstates 40 and 540 in the Raleigh-Durham area.
Westwood Sells Phoenix-Area Retail Center
Tatum Plaza, a retail center shadow-anchored by Fry’s Food & Drugs, traded for $9.5 million. Westwood acquired the property in 2014 and increased the asset’s net operating income by filling the center with high-profile tenants.
McCraney Breaks Ground on Tampa-Area Industrial Center
The development will be constructed in two phases, starting with phase one’s Building 100 and 200. Spaces for Phase I will be available in the third quarter of 2017.
Atlanta’s One Glenlake Reaches Full Occupancy
Regus signed a 130-month lease renewal and expansion, which includes the company’s current 26,720-square-foot space across the seventh floor, with the addition of 12,923 square feet on the sixth.
Co-Working Company Opens First Philly Office
The Amsterdam-based firm Spaces signed a 37,735-square-foot lease at the recently restored Hale Building. CBRE acted on behalf of the tenant, while the owner was represented in-house.
Leasing Starts at Clarion’s Suburban Philly Office Building
The Class A asset is located at 1475 Dunwoody Drive in West Chester, Pa. and is now opening its doors to new tenants for the first time since its completion in 1999.
York Breaks Ground on $100M Bronx Studio
Michaelangelo Campus will sprout up on a long-vacant, 10-acre site in the Soundview area of the borough, strengthening its image as a destination for film and media.
German Fund Enters US Market With Boston Buy
The fund was advised by Northwood Investors. Newmark Knight Franks Boston-based debt team oversaw financing for the transaction and NKF has also been retained as the exclusive leasing and management arm for the property.