News
Terreno Adds 126 KSF Industrial Asset to Its NJ Portfolio
Terreno Realty Corp. recently acquired an industrial building that currently serves as corporate headquarters for DermaRite Industries LLC. The asset traded at a 5.3 percent cap rate.
Economy Watch Weekly: IMF Raises US Economic Growth Forecast
The IMF now expects global economic growth to reach 3.5 percent in 2017, predicting the U.S. will lead the pack with 2.3 percent growth. But how long will this momentum last and what is the impact on commercial real estate? Economy Editor Dees Stribling tackles these questions and more.
William Street Office Tower Lands $40M Refi
Capital One originated the transaction for New York City’s 161 William St. The building’s anchor tenant is long-term occupier Pace University.
Economy Watch: Hotels Enjoy a Bang-Up First Quarter
Hotel occupancy, average daily rate and revenue per available room all gained ground in the first quarter of 2017, STR recently reported, but an increase in development for the quarter could put pressure on pricing power.
PetSmart to Open New Store in NYC
In a deal brokered by RKF, the international pet retailer settled for a 16,280-square-foot ground floor lease at the 10 Madison Square West.
Westmount Welcomes New Managing Director
Jim Fant has more than 34 years of experience in commercial real estate. He will oversee the acquisition process and manage the acquisition team.
Industrial Development Underway in Supply-Constrained Area
Daum Commercial arranged the sale of a 3.8-acre land parcel within the McInnes Ranch Business Park where E&E Trust plans to develop a warehouse distribution building.
Amazon Plans Fulfillment Center Trio for NJ
The company’s footprint in the Garden State will expand with the opening of three industrial facilities totaling 2.8 million square feet.
Cooper Robertson Helms Drury University Campus Revamp
The private liberal arts college in Springfield, Mo., is initiating a campaign to fund new buildings and other improvements for the celebration of its 150th anniversary.
AFIAA Inks First Lease at 125 W. 25th St.
In a deal brokered by JLL, Mohawk Carpet Distribution Inc. leased 11,859 square feet at the freshly refurbished New York City office building.