News
Economy Watch: Consumers More Confident in Early November
The University of Michigan’s Consumer Sentiment Index climbed to its highest level since mid-2016, but this was before the results of the presidential election were known.
HOK Chooses 717 Harwood for Dallas HQ
After shelling out $43 million for the tower, World Class Capital extensively renovated the property in 2014.
Skanska Completes $91M Rec Center at UNCG
The company provided preconstruction and construction management services through a joint venture with Rentenbach Constructors.
Hines REIT Wraps Up $1.2B Office Sale to Blackstone
With the sale of the 3 million-square-foot portfolio, the trust’s liquidation process is nearing its end.
Grocery-Anchored Portfolio Trades for $218M
Clarion Partners bought the 11 properties from California-based Loja Real Estate.
Erie Insurance Plans New $135M Office Building
The 346,000-square-foot property will be developed by Albert Kahn Associates and PJ Dick and is slated for completion in 2020.
Yardi Matrix: Seattle, Investor’s Paradise
Occupier and investor demand show no signs of slipping, which has led rents to continue to grow above the national average.
Phoenix Great American Tower Sells for $49M
The property was sold by EverWest Real Estate Partners and American Realty Advisors and was acquired by DPC Cos.
ADP to Create 1,500 Jobs in Arizona
The company plans to invest more than $33.8 million in the new operation center in Tempe, Ariz.
Kairos Repositions Suburban Philly Office Campus
Since acquiring the three-building Apex campus in December 2014, Kairos has brought the property’s occupancy to 91 percent.