News
HFF Adds New Carolinas Director
Hunter Barron has joined HFF after a decade with CBRE. In his new role, he will focus on land investment sale transactions throughout the Carolinas and southeastern United States.
Guardian Life Signs 90 KSF NJ Lease
Guardian Life Insurance Co. relocated to a 90,000-square-foot space at Bell Works, New Jersey’s hottest multi-use space. The Garibaldi Group’s Jeff Garibaldi, Tara Keating and Kyle Mahoney arranged the 15-year lease.
Cleveland-Area Massive Project Lands $49M in Financing
Preston Hollow Capital completed financing of Pinecrest, a $240 million development currently underway in Cleveland’s suburb Orange Village. Developer Fairmount Properties plans to complete the project by mid-2018.
DC’s F1RST Residences Adds Fitness Studio
Grosvenor America’s 450,000-square-foot, mixed-use project in the Capitol Riverfront neighborhood will be getting a new 2,100-square-foot fitness center to accompany its other amenities, including a rooftop terrace, spa and swimming pool.
Colliers International Expands NJ Footprint
Leading CRE company Colliers International opens new office in Woodbridge, N.J., as part of an ongoing extension plan, putting its brokers closer to the properties they represent.
Economy Watch: Suburban Office Markets Showing Strength
While downtown markets are still out-performing the suburbs, the gap in vacancy is shrinking in many places across the country as the U.S. suburban office market continues to tighten, according to CBRE’s latest office market report.
Biewer Lumber Opens $85M Sawmill in Southern US
Roughly 125 workers will be employed at the new facility in Newton, Miss. Biewer Lumber currently operates four sawmills in the Midwest as well as three lumber/distribution centers.
Skanska to Develop $151M Houston High-Rise
The 35-story tower will consist of approximately 780,000 square feet of office space, with nearly 26,000 square feet of retail.
Toyota to Invest Record $1.3B in Kentucky Plant
The revamped 7.5 million-square-foot facility, which ranks as the automaker’s largest factory in the world, will further boost the region’s industrial market.
Typically a Turtle, Industrial Could Be Real Estate’s New Hare
Often deemed a relatively unexciting sector marked by incremental growth, the asset category is arguably the hottest in real estate, thanks to changing consumer and lifestyle trends.