News
Suburban DC Office Building Sells for $4M
Transwestern handled the sale of a 27,500-square-foot office/flex building located in Rockville, Md. The building last traded in 2000 for $4.3 million.
C&W Welcomes First Tenant to Portland Industrial Center
The company preleased more than 60 percent of Big Eddy Commerce Center, an industrial building currently under construction. The project is slated to open by the end of this year.
Gilbane Opens New Tampa Office
The new location will serve as Gilbane Building Co.’s seventh Florida office and allows the company to better serve clients and partners.
AXA To Invest $18M in Charlotte Expansion
The life insurance company opened its Charlotte office in 2013 and has since decided to double its local presence by adding 550 jobs.
Danish Manufacturer Doubles KY Footprint
Linak, a company that produces linear actuators for hospital beds, office desks, farm equipment and other uses, broke ground on a $33 million expansion in Louisville, Ky. The investment will create 413 new jobs.
Escondido Retail Center Changes Hands for $25M
Faris Lee Investments has arranged the sale of Gateway Center, an 89,625-square-foot property that was 95 percent leased at the time of the transaction.
SL Green Lands New Tenant at Midtown Manhattan Landmark
First American Title Co. will take over the entire 10th floor of the former Bowery Savings Bank building, leaving behind its offices at 44 Wall St.
Boston Fed President Airs Concerns About Risks to CRE
Speaking at a recent NYU Stern School of Business conference, Boston Fed President Eric Rosengren pointed to some favorable tailwinds accompanying rising CRE valuations, but stressed the importance of evaluating how a potential recession could affect the financial system.
One Liberty Sells Vacant Colorado Property
The company anticipates that the gain from this sale will be $6.5 million. The asset was previously occupied by Sports Authority.
JLL Grows Miami Retail Team
The firm expanded its retail brokerage team with the addition of two new hires. Zach Winkler and Jonathan Rosen will be in charge of cultivating new tenant and landlord relationships.