News
Calare’s Final Step Towards Top Corporate Campus
The company broke ground on a 58,000-square-foot, Class A office building in Lowell, Mass. after long-time tech tenant signed a 20-year lease for the entire site.
NGKF Strengthens LA County Presence With New Additions
Phil Brodkin will oversee the firm’s three Los Angeles offices, while brokers Eric Lastition and Geoff Ludwig join as executive managing directors in the firm’s El Segundo branch.
Multi-Use NJ Area Development Site Sells
NAI James E. Hanson recently arranged the sale of 820 Bloomfield Ave. in West Caldwell, N.J. According to approved redevelopment plans, the former gas station might become a bank.
Rockpoint Pays $155M for Miami Office Tower
An affiliate of Blackstone Group’s Equity Office and LaSalle Investment Management sold the Class A office property located in the city’s premier Brickell Financial District.
Frost Bank Tower Wins TOBY Award
The building underwent a thorough evaluation of its management, operational efficiency, tenant retention, emergency planning and community impact.
Flex-N-Gate Breaks Ground on $95M Detroit Plant
The 350,000-square-foot facility, which is slated for completion by early next year, will become a new centerpiece to the city’s growing I-94 Industrial Park.
Continental European Investors Covet London Market
The investment community across the pond is keen on United Kingdom’s number one hub, putting its money where its mouth is, Savills research shows.
Douglas Emmett, QIA Expand With $353M Buy
The two buildings in Santa Monica were acquired from the Blackstone Group, which continues to sell off parts of its Equity Office Properties Trust portfolio.
JLL Continues Leasing Spree at Mission Center
Over the past 12 months, the company closed 10 leases at the property, totaling more than 80,000 square feet. The office park still has 10,000 square feet of available space.
Denver’s Mile-High Moderation
The city is a hotbed for commercial and residential development, largely due to a robust population growth and a strong demand for housing.