Regions
NKF Facilitates 2 Chicago-Area Leases for K2 Express
One of the long-term agreements represents a renewal and expansion lease at a multi-tenant, Prologis-owned building in Franklin Park, Ill. The other deal concerns an adjacent four-acre land parcel.
La-Z-Boy Signs 221 KSF Full-Building Lease in MD
The building is located within the 3.2 million-square-foot Collington Trade Center in Upper Marlboro. The manufacturing company is planning to transfer its distribution and logistics operation into the facility by fall 2018.
Chicago’s Legal Sector Contracting Office Space
Since 2016, approximately 70 percent of the large Chicago law firms that completed lease transactions downsized, according to 2018 CBRE research. Senior Vice President David Mahoney talked with CPE about the impact of this trend on the metro’s office market.
Kidder Mathews Hires New Sacramento SVP
With more than 30 years of industry experience, John Austin contributed to the development of several major shopping centers, while also negotiating more than 800 transactions.
Dual-Branded DC Hotel Achieves LEED Gold
The property, which features a 238-key Hyatt House and a 175-key Canopy by Hilton, has outperformed its original USGBC certification target.
Jerich USA Doubles LA Industrial Footprint
Cushman & Wakefield represented the company in extending its current warehouse lease and expanding into an adjacent 107,525-square-foot building.
Economy Watch: IMF Predicts More Growth in 2018, Less Next Year
Advanced economies, including the U.S., will continue to expand above their potential growth rates this year, the International Monetary Fund’s latest World Economic Outlook, which will likely support robust real estate markets in 2018.
Economy Watch Weekly: Retail Sales Enjoy Solid March
Total U.S. retail sales rebounded in March after two straight months of decline, the Census Bureau reported. Economy Editor Dees Stribling discusses the winning and losing retail categories, for the week ending April 20, 2018.
Sitex Group’s 271 KSF Facility in NJ Finds Tenant
The newly completed facility is close to major thoroughfares, most notably Route 17 and interstates 87 and 287. NAI James E. Hanson arranged the long-term lease with a tools manufacturer.
First Hampton Inn by Hilton Opens in Roseburg, OR
The Hampton Inn by Hilton Roseburg is in close proximity to Interstate 5 and 80 miles from Mahlon Sweet Field Airport. The hotel offers a mix of guest rooms and studio suites.