News
Law Firm Signs Full-Floor Lease at Rudin’s 1675 Broadway
Cushman & Wakefield represented Ballard Spahr in the signing of a 27,000-square-foot lease at the Midtown Manhattan property. The tenant is expected to move from its Third Avenue location next year.
Mack-Cali’s NJ Horizon Center Hits the Market
The REIT named Newmark Knight Frank as exclusive agent for the sale of a six-building office/flex portfolio located in Hamilton, N.J. The sale is part of the firm’s disposition plan of non-core assets.
CMBS Walks a Fine Line in 2017
This year promises to be a transitional one for CMBS, as issuers not only attempt to comply with new regulations but also face the concern that the recovery of the economy and real estate fundamentals will run out of steam, notes Yardi Matrix Associate Director of Research Paul Fiorilla.
Dilweg Cos. Snaps Up Tampa Office Portfolio
HFF marketed the assets on behalf of the seller and assisted the buyer in placing the floating-rate acquisition financing originated by a public real estate investment trust.
Economy Watch: Rents Volatile in Many Markets in May
While nationwide apartment rents are still on the rise, several markets have recently faced spikes in rent, according to a recent ABODO report. Rent decreases going into June, on the other hand, were on the smaller side.
Prime Therapeutics Starts Construction of 400 KSF Facility
The company’s new facility will accommodate staff from four existing locations. This project is one of the largest office projects currently being built in the Twin Cities area.
Faris Lee Arranges $13M LA-Area Starbucks, CVS Sale
The sale price represented a cap rate of around 4.7 percent, which is the lowest for two freestanding pads sold in Southern California in 2017.
Cypress West Gains Management of Cali Medical Center
Cotton Medical Center is an 115,000-square-foot medical office complex in Pasadena, Calif. The owner, Meridian has invested $5 million in capital improvements to the property which was purchased in 2016 for $37.5 million.
Snapsheet Doubles Office Space at New Chicago Address
CBRE represented the tech company in the lease of 52,141 square feet of space at 1 N. Dearborn St., where it will be moving in January 2018.
Euless Industrial Facility Changes Hands
JPA Capital LLC acquired the 70,000-square-foot industrial flex property from Hangover Opportunity Fund LLC. At the time of the sale, the property was 47 percent occupied.