Regions
Duke Realty Sells IL Industrial Building
Neuco, a distributor of HVACR replacement parts, acquired the roughly 145,000-square-foot Bolingbrook property to serve as its new corporate headquarters.
Economy Watch Weekly: Job Growth Steady, Forecasts Predict Positive Outlook
April counted roughly 6.7 million job openings nationwide. Business economists expect a slowdown, revealing predictions for the rest of 2018 and ’19. Economy Editor Dees Stribling gives a breakdown of these two topics, for the week ending June 8, 2018.
Economy Watch: Gig Economy Might Not be as Large as Believed
A new Bureau of Labor Statistics report casts some doubt on the size and growth trajectory of contingent jobs, which might have implications for the U.S. office market.
Westgate Resorts Buys Vintage Manhattan Hotel
The historic 300-key hotel in Tudor City, near Grand Central Station, has been rebranded as the Westgate New York City. It’s the company’s first acquisition in a major city.
NKF Facilitates MI Industrial Sale
National Print and Mail sold the 1965-built property to SourceHub, an online distributor of warehousing and facility equipment. The buyer plans to relocate its operations in July 2018.
PS Business Parks Grows Mid-Atlantic Industrial Footprint
The REIT purchased a group of 19 assets from MRP Realty and institutional investors advised by J.P. Morgan Asset Management, adding 1.1 million square feet to its holdings.
Incipio Signs Warehouse Lease in California
The designer and manufacturer of mobile device accessories leased more than 300,000 square feet in Corona. JLL negotiated the deal on behalf of the tenant, while Colliers represented the landlord.
Crescent Picks Up $125M Denver Hotel Portfolio
Situated within a quarter mile of more than 11 million square feet of office space, the two properties are within a 10-minute walk of Colorado State Capitol.
IWBI Appoints New President
Rachel Gutter will replace Kamyar Vaghar, who occupied the position for two years. She has been with the company since 2016.
Bechtel Consolidates HQ in VA
The firm will move its Houston and San Francisco offices to One Reston Overlook, where it has been a tenant since 2011.