News
Qualcomm to Expand Operations at Brier Creek
By Adriana Pop, Associate Editor San Diego-based Qualcomm is expanding its operations at Brier Creek Corporate Center in west Raleigh with the lease of 40,672 square feet of office space. John Daly and Jason High of CBRE-Raleigh represented the company in the negotiations. The Triangle Business Journal reports that Qualcomm had been pursuing the deal […]
$25M Tampa Bay-Area Self-Storage Portfolio Up for Sale
A three-property, 2,250-unit portfolio owned by Safeguard Self Storage is now on the market, with Marcus & Millichap Real Estate Investment Services in charge of finding a buyer.
Ohio Investor Acquires Broadway Plaza for $12.7 Million
The 83,612-square-foot Broadway Plaza retail complex in Tucson was sold to shopping center REIT Philips Edison-Arc for $12.7 million, according to Marcus & Millichap. The real estate investment services firm represented the Ohio-based buyer in this deal.
Developer Reveals Tentative Redevelopment Plan for Vacant Ajax Metal Works Site
By Veronica Grecu, Associate Editor Philadelphia’s waterfront has attracted yet another prominent developer with plans to stir things up in the area. Michael Samschick, who has backed several development projects across the city, wants to turn the vacant Ajax Metal Works site into a sparkling mixed-use complex, according to a PlanPhilly.com report. Located at 1000-1052 […]
“Magic” Johnson Backs Up Michigan State Fairgrounds Mixed-Use Redevelopment
By Veronica Grecu, Associate Editor Basketball star Earvin “Magic” Johnson—a Lansing native now turned entrepreneur—has teamed up with businessmen Joel Ferguson, also of Lansing, and Marvin Beatty of Detroit in one of the most ambitious revitalization projects proposed in Detroit in the past years. The venture plans to acquire the former State Fairgrounds site at […]
Bakery Square Expansion Plans Move Forward
by Adriana Pop, Associate Editor The city planning commission has approved a zoning change for the Bakery Square 2.0 mixed-use project planned for the site of the former Reizenstein School in Pittsburgh’s East Liberty section. A final approval is now expected from the city council. Plans call for more than 400,000 square feet of office, […]
Goya Foods Breaks Ground on 615 KSF HQ, Distribution Center
Goya Foods has broken ground on a new headquarters and regional distribution center in Jersey City, N.J.
Amazon to Expand HQ—Again
Vulcan Real Estate is developing a sixth phase of Amazon’s campus in Seattle’s South Lake Union submarket.
Washington, DC, Trophy Office Tower Trades for $121M
A notable Washington, D.C., office building was recently sold for $121.4 million. The office tower lies in the East End submarket of the national capitol.
Economy Watch: Investors Wait on Word from ECB; Labor Productivity, Residential Asking Prices Rise
Investors are waiting to hear from the ECB on its plan to “save the euro.” American worker productivity continues to improve. And the housing market is showing signs of recovery as asking prices on for-sale homes have increased.