Regions
Oversupplied Self-Storage Markets Face Further Rent Decline
Street-rate rents have dropped 4.1 percent across the U.S. Metros on the west, however, continued to elevate as supply lags demand.
Liberty Property Trust Sells Phoenix Office Portfolio for $255M
CBRE represented the REIT in the sale of five buildings totaling 806,000 square feet, one of the metro’s largest office transactions on record.
Mapletree Acquires $1.1B Portfolio from Prologis, Norges
The deal increases the Singapore-based company’s holdings in the U.S. and Europe with the addition of 16.5 million square feet of logistics space.
Knotel Expands NYC Presence
The workspace innovator signed a 28,820-square-foot lease at 5 Hanover Square in Lower Manhattan and will occupy two full floors in the CIM Group-owned building.
Seafood Chain to Open First NYC Location
Starting with the fourth quarter of 2018, Cousins Maine Lobster will occupy 1,500 square feet on Lexington Avenue in Manhattan.
Rockefeller Group Completes 2 MSF of Industrial in CA
The development firm has sold two of its recently completed buildings in the Inland Empire, totaling 1 million square feet.
Oxford Cos. Adds Office Asset to Ann Arbor Portfolio
The 10-story building represents one of the most iconic office developments in the city’s south side area. The seller is Equity Commonwealth.
E-Commerce Fuels Repricing of Retail, Industrial Assets
Scott Crowe and Uma Pattarkine of CenterSquare Investment Management analyze online shopping’s divergent effects on retail and logistics companies, as well as the properties they occupy.
Rialto Acquires MD Industrial Portfolio
Parkway Industrial comprises nine building totaling 711,220 square feet. Transwestern’s Mid-Atlantic Capital Markets Group represented the seller, a global investment manager.
GZA: Testing the Waters for Offshore Wind Farms
The offshore sampling is one of the first phases of what will be a five-month review by Deepwater Wind off its offshore leased property.