Regions
Baker Completes Chicago Office Redevelopment
The 2017 N. Mendell project called for the repurposing of a century-old industrial building between the Chicago River and Elston Avenue, which offers customizable spaces ranging from 3,800 to 17,000 square feet.
Economy Watch: Construction Spending Gains Ground
April saw a 1.8 percent month-over-month increase in construction spending, at an annualized rate of more than $1.3 trillion, according to the U.S. Census Bureau.
Constellation, GE Power Home Depot in DC
The 554-kilowatt project is the capital’s largest solar rooftop array and will supply an estimated 35 to 40 percent of the store’s annual energy needs.
Veritas RE Acquires Pair of Philly-Area Office Buildings
The Marlton properties are located near major thoroughfares and less than 30 minutes away from Center City Philadelphia and Philadelphia International Airport.
NKF Appoints New Executive Managing Director in NJ
Bradford Fenlon has previously occupied various roles within Colliers International, CBRE and Insignia Financial. Over the course of his career, he worked with several Fortune 500 companies.
MCR Closes $300M Hospitality Fund
The seventh-largest hotel owner-operator in the U.S. added 11 hotels to its first fund and has an additional five hotel deals in its pipeline.
Hollywood Retail Property Trades for $61M
Lee & Associates-LA North/Ventura represented Cahuenga Lofts and Ivar Group in the sale of Space 15 Twenty, a 40,000-square-foot shopping and dining destination along the trendy Cahuenga Corridor.
Citizens Bank Provides $185M Loan for SF Office Tower
Phase 3 Real Estate utilized the funds to refinance Genesis South Tower, a 336,400-square-foot lab and office property located within a three-building life sciences development.
Economy Watch: Employment Up by 223K Jobs in May
Job creation for the month beat the average of the previous 12 months and was a major increase from April’s employment numbers, according to the Bureau of Labor Statistics latest jobs report.
LaSalle Makes Major Double Acquisition from Aviva Investors
The deal is expected to close later this year and will make the firm one of the five largest global non-listed indirect real estate investment managers.