News
Economy Watch: Construction Companies Fairly Confident About the Future
Optimism among U.S. construction contractors dipped in the second half of 2016, but the majority of them still expect to see growth this year, according to the Associated Builders and Contractors’ latest Construction Confidence Index.
Office Evolution Expands Illinois Portfolio
The seven-story property offers more than 80 fully-furnished offices, co-working spaces, virtual office services and several conference rooms.
Amazon Doubles Up
The company’s upcoming distribution centers in Virginia and Texas will each bring more than 1,000 full-time jobs to those regions.
PFA Pension Fund Buys Stake in Large Office Portfolio
The Denmark-based company has teamed up with Spear Street Capital to acquire a 49 percent interest in the Invictus Portfolio, comprising 1.2 million square feet of space.
Sealy & Co. Buys Industrial Portfolio in Indianapolis
The seven buildings totaling 1.1 million square feet are located in the Park 100 campus within the city’s Northwest submarket.
CBRE Announces 47 KSF Industrial Project in Greater LA
Industry Associates LLC are developing the industrial and office property slated for completion at the end of June.
MOB Development Market Reaches $7.7B
Some 19.4 million square feet of outpatient medical real estate projects came online in 2016, according to a research study conducted by Revista and HREI.
Hyatt Centric to Open in Miami
The 208-key hotel will be part of the 83-story Panorama Tower, which will include the city’s tallest building and the largest residential development south of New York.
HFF Snags Hentschel & Co. in NYC
Steve Hentschel will now lead the firm’s M&A and corporate advisory services, provided by HFF Securities LP.
NJ Retail Center Trades for $51M
Phillips Edison Grocery Center REIT II purchased the only grocery-anchored shopping center in Pompton Plains.