Mixed Use
Morgan Buys DC Portfolio for $509M
The company’s purchase of the Mark Center portfolio, consisting of nearly 2,700 apartment units and a 63,000-square-foot retail center, is one of the largest transactions in Virginia.
Witkoff Grabs Unfinished Fontainebleau in Vegas for $600M
The real estate firm partnered with New Valley LLC on the purchase of the partially completed hotel casino project from Icahn Enterprises.
On the Market: 5 Interesting Listings for August
This month’s listings include a Texas retail property built in 1900 and completely renovated in 2015 and a mixed-use multifamily and retail asset in Brooklyn’s Williamsburg neighborhood.
From Deserted to Dynamic: A Cincinnati Success Story
Once considered one of the most dangerous places in the U.S., Cincinnati’s Over-the-Rhine neighborhood has become a development and business magnet. Over the last decade, the area has attracted more than $1 billion in investment. Travis Likes, first vice president at CBRE Cincinnati, explains this remarkable metamorphosis.
ABQ Embraces Live-Work-Play at Lobo Rainforest Building
A $35 million, 160,000-square-foot mixed-use building replaced the old First Baptist Church site and will house students, Innovate ABQ tenants and UNM’s Innovation Academy.
Shea Nabs 7 Leases at San Diego’s Mercado del Barrio
The new leases totaling 15,600 square feet bring the occupancy of the retail section of the project to 93 percent. The $80 million development was created in 2013 to help revitalize and preserve Barrio Logan’s cultural legacy.
Furniture Company Leases 47 KSF in Suburban NJ
In a deal brokered by NAI James E. Hanson, GBK Group Inc. expanded its warehousing and distribution business by occupying space at a retail and industrial/flex building in Fairview, N.J.
TOD Gets High-Touch Treatment in San Francisco
San Francisco’s Transbay Terminal is getting a high-tech media platform, thanks to its new promotional partner, Pearl Media. The state-of-the-art transit hub, to be renamed Salesforce Transit Center, will feature 274 digital screens, along with shopping, dining and a rooftop park.
Domain Cos. Expands Into SLC With $110M Project
Construction of the pedestrian- and transit-oriented development, designed by KTGY, is anticipated to begin in fall 2018. The development hopes to help revitalize the downtown, bringing 412 mixed-income units, office and retail space.
doTerra Expands Corporate Campus in Utah
The essential oils company continues its growth in Pleasant Grove with a new office building, a medical clinic and an expanded manufacturing facility. Plans also call for the creation of 950 jobs over the next three years.