News
RA Centers Buys Phoenix-Area Retail Asset
Cushman & Wakefield brokered the sale of Palm Valley Pavilions West, which will be managed by Vestar.
Office Sector Faces Surging Loan Defaults Amid Market Challenges
Nearly $150 billion in these loans are due to mature this year alone, the latest CommercialEdge report shows.
Harbor Associates JV Pays $45M for LA Office Building
The property traded at a significant discount compared to its previous sale.
For 2024, Prologis Forecasts Growing Freight Traffic
The company also predicts much more solar energy use at warehouses to support AI, EVs and robots.
Sharp Decline for Construction Starts
A sudden drop in manufacturing projects led to a major decline for the nonresidential sector.
Shorenstein Sells LA Tower for $148M
The deal marks the largest post-pandemic office sale in downtown Los Angeles.
PCCP JV to Develop 940 KSF Industrial Project in El Paso
Project Grande represents the first phase of a planned 1.8 million-square-foot industrial park.
Delray Beach Mixed-Use Project Lands $173M Loan
Pebb Capital plans to deliver the office and retail development by the summer of 2024.
MetLife Extends 400 KSF Lease at Manhattan Skyscraper
The insurance giant will maintain its headquarters at the namesake tower through 2038.
Skanska Sells Beverly Hills Office Asset for $71M
9000 Wilshire marks the company’s first project in this market.