News
Raleigh Office Building Changes Hands for $8M
HFF closed the sale of 3110 Edwards Mill, a 45,692-square-foot, Class A office building in North Carolina. A private investor purchased the asset from The Simpson Organization.
Hanley Arranges Sale of Single-Tenant Walgreens in San Diego County
The 14,380-square-foot property in in Oceanside, Calif., traded for $7.4 million, marking only the second Walgreens in the county to change hands in the last 12 months.
Economy Watch: Job Growth Tepid in May
The U.S. economy saw below-average job growth for the month, adding only 138,000 jobs, the Bureau of Labor Statistics reported. However, segments of the economy that affect commercial space absorption still had reasonably good job creation.
BLT Enterprises Expands San Diego Industrial Footprint
The recent acquisition of a 60,000-square-foot industrial building in Carlsbad, Calif., brings the company’s holdings in San Diego to more than 600,000 square feet.
A&G Realty Launches Non-Retail Division
During the first quarter of 2017, A&G completed 18 transactions totaling $94 million for office, warehouse, higher-education properties and vacant land.
CVS Opens First Standalone Store in Colorado
This location marks the first standalone location in Colorado, which will be followed by the opening of two others, one in Denver and one in Littleton.
Whitestone REIT Completes $158M Acquisition of BLVD Place
The Houston-based REIT bought the 216,944-square-foot urban mixed-use center from developers Wulfe & Co. and Bailard Inc. BLVD Place is 99.2 percent leased with tenants including Whole Foods Market and Frost Bank.
Iconic Waterside District Opens in Virginia
Following a $40 million investment, The Cordish Cos. and the city of Norfolk opened the Waterside District. The property is located along the Elizabeth River in downtown Norfolk.
McLaren Joins Formula E on Brooklyn Racetrack
The site will be prepared for the event through a series of temporary and permanent enhancements ranging from barriers and security fences to gangways and sidewalks. The New York City Economic Development Corp. and The Port Authority of New York and New Jersey are also part of the group behind the project.
Charlotte’s Boom
The metro’s multifamily market is one of the best-performing in the country, with healthy demand, job increases and strong growth potential.