News
Vornado Disposes of Skyline Properties in Virginia
The transaction continues the REIT’s strategy of selling off its lower-performing Washington, D.C.-area properties.
Mi9 Retail Continues to Add Jobs in U.S
The company began its Miami-based operations in 2014 and expects to employ more than 100 people in 2017.
Economy Watch: Apartment Supply, Rents Will Continue to Grow in 2017
Continued employment growth will buoy a strong year for the apartment industry in 2017, according to a new Berkadia market forecast.
Hines Cashes Out Nicely on Seattle Data Center
Hines Global REIT sold KOMO Plaza for about $276 million to a San Francisco-based buyer.
CPPIB Pockets $1B on Sale of NYC Office Stake
The Toronto-based pension fund sold its share of the 50-story skyscraper to a global institutional investor in a deal valuing the asset at $2.3 billion.
NewMark Merrill Wraps Up Phase I of Crenshaw Plaza Redevelopment
In addition to completing the remodeling of part of the shopping center, the firm has secured a $34 million senior loan for the recapitalization of the project.
Stryker Co. Invests $130M in New Facility in Michigan
The opening of the new facility will create more than 105 jobs.
Grover Corlew Nabs 46-Acre Office Park in Booming Orlando
The new owner plans to improve and redevelop the 21-building property over the next decade.
JV to Deliver 367 KSF Industrial Park in Charlotte
By Laura Calugar Charlotte, N.C.—A partnership between real estate investment firms Foundry Commercial and Thackeray Partners recently announced the development of a 367,000-square-foot project in Charlotte’s Southwest submarket. The project will consist of two Class A warehouses, to be known as SteelePoint. The new industrial park will capitalize on dynamic market fundamentals, including single-digit vacancy, strong user demand and limited new supply. SteelePoint will be located near the intersection of Steele Creek Road and Westinghouse Boulevard. Foundry closed on four parcels totaling 25 acres from two different sellers, which will allow SteelePoint to offer access from both Steele Creek and…
Vivial Expands Dayton Operations
Following the expansion, the company plans to sell its SaaS Platform at the new outbound call center in order to address the growing demand for Vivial’s services.