News
CBRE Brings New Tenant to Coral Gables Campus
The 462,888-square-foot office complex located at 800 S. Douglas Road received LEED Silver certification in 2009 and underwent a $7 million renovation in 2015.
Economy Watch Weekly: First-Quarter Metrics Point to Slower Start
As economic metrics for the first few months of the year start to trickle in, the figures seem to suggest the U.S. economy is off to a slower start in 2017. Economy Editor Dees Stribling discusses some of these metrics, including GDP, consumer confidence and hotel occupancy.
JM Adds New VP to Denver Office
Holding more than two decades of experience in the field, Marcia Howes will be responsible for leading the company’s global supply chain organization.
Coca-Cola UNITED Acquires Atlanta-Area Sites, Facilities
Through this transaction, the company has added 2,000 associates, as well as roughly 200 new jobs, marking a 10 percent. The firm plans to invest $25 million on equipment this year and an additional $100 million in the near future.
Economy Watch: Construction Spending Edges Down in March
While spending on construction projects declined for the month, the figure is above the March 2016 rate. Lodging and health care spending was up for the month, while office and other commercial spending was down.
PCCP Refinances Chicago Retail Center
Village Market, located within the Lakeshore East development, belongs to a joint venture between Magellan Development Co. and Hanwha Engineering & Construction.
WeWork-Anchored LA Landmark Sells for $43 Million
Sorgente Group sold the Fine Arts Building, a historic 115,902-square-foot office property in the city’s Financial District, which hit the market in September 2016.
Care Capital Properties Buys $400M Behavioral Health Portfolio
The six properties, located in California, Arizona and Illinois, will be leased back to affiliates of Signature Healthcare Services, the seller.
ARA Nabs 846 KSF Atlanta-Area Industrial Asset
The property sold by Trammell Crow is 100 percent leased to a subsidiary of Wayfair, one of the world’s leading online destinations for home goods.
Office Outlook Positive for 2017
We’re still witnessing a ‘flight to quality’ mentality among tenants, but vacancy rates are inching higher as new deliveries are outpacing demand, according to JLL’s most recent study.