Regions
Urban Logistics Asset Coming to the Bronx
A joint venture between Innovo Property Group and Square Mile Capital Management will develop the 700,000-square-foot transit-oriented property, slated to open in 2020.
Strive Logistics Relocates Chicago HQ to NEWCITY
The transportation service company is set to occupy the new space this fall. CBRE negotiated the lease on behalf of the tenant and landlord.
Cushman & Wakefield Lines Up $415M Refi for NYC High-Rise
Angelo Gordon & Co., Normandy Real Estate Partners and George Comfort & Sons are the owners of the 750,000-square-foot property at 575 Lexington Ave. in Midtown Manhattan.
Philadelphia Office Building Trio Lands $355M Refi
NKF Capital Markets worked on behalf of Nightingale Properties and Wafra Capital Partners to secure loans for 1835 Market St., 1635 Market St. and 1500 Spring Garden.
Boston-Area Retail Asset Changes Hands for $6M
Built in 1958, the fully occupied property is within a 40-minute drive north of downtown Boston and comprises 30,000 square feet.
Velocis, Katz Acquire MD Retail Center
Brandywine Crossing comprises roughly 231,000 square feet and is anchored by four major retailers. This purchase marks the firm’s fifth investment in the Washington, D.C., metro.
Baceline Investments Grows Retail Portfolio
The firm purchased four shopping centers located in Wisconsin, Texas, Tennessee and Utah, spending a total of $18 million on 131,000 square feet of leasable space.
Economy Watch: Most Metro Areas See Declining Unemployment
Low unemployment isn’t just reflected in a national number. The vast majority of U.S. metros have low unemployment, according to the Bureau of Labor Statistics.
Patrinely-USAA JV Breaks Ground on Denver Office Tower
Block 162 will add 595,000 square feet of Class A accommodations to the Mile High City. The JV also has an office project underway in the Houston area.
Strong Supply Takes Toll on Self Storage Rent Growth
Accelerated construction has dampened growth across the U.S. during the past couple of quarters, with rates declining in several large markets. Nonetheless, a number of key metros continue to offer development opportunities.