Office
Cap Rates Rise for Net Lease Retail, Office; Down for Industrial
The average cap rate for the single-tenant net lease retail sector has continued to increase all year and hit its highest level since 2015, The Boulder Group reports.
Portland Office Tower Changes Hands
American Realty Advisors and Unico Properties have teamed up to acquire MODA Tower, a 24-story building at 601 SW 2nd Ave. in the city’s downtown.
DC Office Building Commands $157M
The Mount Vernon Triangle property was completed in 1973 and, following complete renovations in 2010, achieved LEED Platinum certification.
Historic Dallas High School Scores LEED Gold Certification
Merriman Anderson/Architects acted as the design architect, historic architect and architect of record for the building shell and interior restoration, including the LEED certification process.
Bridge Investment Acquires $113M Chicago Tower
Downtown’s One North LaSalle is a 47-story office property consisting of 493,738 square feet. Over the past 10 years, the building has undergone more than $35 million in capital improvements.
How Does Tech Influence CRE in North America?
Cushman & Wakefield details the top 25 North American tech hubs and their impact on commercial real estate, particularly the office sector.
Big Leases, Coworking Power Metro DC’s Office Market
A new CBRE report illustrates the strength that large deals, mostly by governmental entities, and the ongoing surge in coworking space are bringing to the market.
TREIS Closes $43M FL Portfolio Sale
The properties included the Waterway Shoppes retail center, as well as the Heron Bay III and Heron Bay IV office buildings, all located in Coral Springs.
George Smith Partners Assembles $106M for Spec Project in Phoenix
The 250,000-square-foot Class A office tower, along with 44,000 square feet of lifestyle retail, is part of The Watermark Tempe, a mixed-use project that Fenix Development is undertaking in Tempe, Ariz.
Friedman Brings Automotive Company to MI Office Building
A team of brokers worked alongside Savills Studley to represent Harman Becker Automotive Systems Inc. in its 40,000-square-foot lease in suburban Detroit.