Regions
PCCP JV Grabs Former NJ Johnson & Johnson Campus
The corporate campus spreads across 66 acres in Morris Plains, N.J., and two out of three buildings are awaiting redevelopment into high-tech office, lab and light industrial space.
Harbor Associates, Ascentris Acquire San Diego Office Property
The Class A Pinnacle comprises 110,110 square feet across five stories and was purchased from BioMed Realty for $31.2 million.
Inland Hires New SVP of Loan Origination
Eugene Rutenberg will be responsible for the company’s commercial real estate bridge loan origination for clients across the Western region.
Mid-America Brokers Chicago Retail Sale
The 31,325-square-foot property is located in the Uptown neighborhood and is leased to Ross Dress for Less and Verizon Wireless.
Economy Watch: Architects Even Busier in May
The American Institute of Architects’ Architecture Billings Index rose to 52.8, an uptick compared to April, which bodes well for construction spending in the upcoming year.
CA Raises the Bar for Solar
Landmark regulations will affect multifamily development. The rules aim to cut the state’s carbon footprint but raise concerns about increased costs.
Banner Oak Closes 2 Funds Totaling $800M
The Dallas-based company’s latest investment vehicles are intended to provide equity capital to real estate operating platforms at both the enterprise and property levels.
Simon Property Turbocharges EV Efforts
The retail REIT is expanding its electric vehicle facilities with new charging stations at more than 30 properties.
Q&A: Inside Angel Oak’s Small-Balance Strategy
Ben Easterlin, managing director of Angel Oak Commercial Lending, discusses the capital markets landscape as well as the strategy behind the company’s acquisition of Cherrywood Mortgage.
It’s All About the Income
What should investors expect as the current cycle enters its ninth year? Ken Riggs, president of Situs RERC, discusses the outlook for risks and returns.