News
NGKF Brokers $59M Anaheim Office Building Sale
The property consists of an eight-story office building and a six-level parking structure. The sale was involved in a 1031 tax deferred exchange. NGKF Capital Markets represented both the seller and the buyer in the transaction.
Tori Sunderman Climbs the Ladder at C&W
Sunderman is now a senior director in the commercial real estate services firm’s Cincinnati office. Prior to her new role, she was senior associate.
CBRE to Manage, Lease Second Phase of Large Miami Development
The owner selected CBRE’s experts to lead management and leasing efforts at the business park’s newly completed buildings.
CBRE Arranges Office Lease for Illinois Labor Union
Local 881 United Food and Commercial Workers plans to move its headquarters from Rosemont, Ill. to a new space of 18,890 square feet in Des Plaines, Ill., in early 2019.
Edsal Sandusky Buys 168 KSF Chicago Warehouse
Cushman & Wakefield represented the buyer, the property’s anchor tenant, while Avison Young’s Principal John Moysey worked on behalf of the property owner.
Alexander & Baldwin Expands Hawaii Industrial Portfolio
The five buildings, part of an industrial campus located in Kailua-Kona, were 94 percent occupied at the time of the transaction.
Passco Creates Corporate Marketing VP Role
With more than a decade of commercial real estate experience, Stacy Stemen will oversee all aspects of marketing, public relations, special events, conferences and business development for the firm.
Mane USA Finds New Home in NJ
The French fragrance and flavor firm acquired a 102,000-square-foot building in Parsippany, N.J. from Prism Capital Partners and The Davis Cos. The firm plans to relocate there from its headquarters in Wayne, N.J.
JCR Capital Launches Fourth Fund
Fund IV will focus on middle-market properties valued at $50 million or less in the multifamily, industrial and office sectors, as well as some retail.
Hilton Adds Global Head of Full-Service Brands
Prior to joining the company, David Marr worked for Starwood, being responsible for revitalization efforts for the Sheraton flag, as well as for the launch of Tribute Portfolio.