News
New Lobbies, Leases for Davis Marcus CT Assets
Cushman & Wakefield was tapped to market a pair of office buildings totaling 263,500 square feet. The Wilton and Norwalk Class A structures were recently refurbished and feature new lobbies, fitness centers and landscaped gardens.
Sares-Regis Leases First Building in 508 KSF Industrial Park
Atara Biotherapeutics signed a 15-year lease for a 90,000-square-foot building in Conejo Valley. The developer broke ground on the project last month.
Texas Harley-Davidson Building Lands New Owner
The 71,000-square-foot property serves as one one of the largest Texas dealerships of its kind.
CBRE’s Silvio Petriello Promoted to VC
He will oversee financial, commercial and operational processes throughout the New York area, including acquisition, disposition, corporate capital markets, strategy development, portfolio optimization and benchmarking.
Economy Watch: Multifamily Markets Softening
All four indexes of the NMHC’s quarterly survey were below the breakeven level of 50, indicating that U.S. apartment market conditions are softening despite continued strong demand. New supply is finally catching up, and there seems to be more caution among buyers and lenders, noted NMHC Chief Economist Mark Obrinsky.
Corbet Broke Ground on New Texas Development
The hardware retail store is slated for completion later this summer.
TCG Lines Up Financing for Celtics’ Practice Facility
The upcoming 160,000-square-foot building at Boston Landing will be called the Auerbach Center at New Balance World Headquarters, in honor of basketball legend Red Auerbach, who was a coach and team executive.
Pompano Retail Center Changes Hands in $30M Deal
The 126,928-square-foot asset anchored by Publix and completed in 1973 was 100 percent leased at the time of the transaction.
Dollar Tree Unveils $110M Project in Missouri
The company is building a 1.2 million-square-foot distribution center within Brady Commerce Park, which will bring 375 new jobs to the city of Warrensburg.
Quality Eats Opens Sleek Steakhouse in NoMad
Winter Properties signed Quality Eats as tenant for its newfangled 3 E. 28th St., following renovations spearheaded by Morris Adjmi Architects.