Regions
Kearny, PCCP Break Ground on San Diego-Area Industrial Park
The partnership is set to complete the $40 million first phase of the 311-acre project by the summer of 2019.
Black Creek Buys Inland Empire Warehouse Portfolio
The newly built assets encompass roughly 745,000 square feet and are situated nearby major thoroughfares including interstates 10 and 215 and State Route 60.
Somerset Properties Sells Office Portfolio in NJ
The 304,732-square-foot portfolio was 94 percent occupied at the time of sale. The office buildings are all located within minutes of major thoroughfares.
Financial Services Firm Inks New DC-Area HQ Lease
The company’s new headquarters will occupy more than 20,000 square feet in a newly renovated office building in Rockville, Md.
On the Market: 5 Interesting Listings for March
This month’s listings include a boutique hotel in Boulder, Colo.; a former bank covered by vegetation in Santa Ana, Calif.; and an upscale office building located on Embassy Row in Washington, D.C.
Panattoni Breaks Ground on 815 KSF Warehouse in TN
The build-to-suit facility, which is fully preleased to Dorman Products, is scheduled for completion by the end of the year.
Benjamin West Tapped to Oversee FF&E for 69-Hotel Portfolio
Various Marriott and Hilton properties are set to undergo around $200 million in renovations, including $70 million in new furniture, fixtures and equipment.
Economy Watch: Chinese Investment in US CRE Plunges
Following the Chinese government’s announced restrictions on outbound capital flow, the country’s investments in U.S. commercial real estate dropped significantly in 2017, according to Cushman & Wakefield’s 2017 China-U.S. Inbound Investment Capital Watch report.
JV Arranges $109M Refi of Multi-State Facilities
Working on behalf of a partnership of investors advised by JP Morgan Asset Management and IDI Logistics, Cushman & Wakefield secured the loan for the refinancing of eight properties located in Illinois, Ohio, Texas and California.
Amerlux Introduces Beautifying LED Lamp
The High Bay 202 pendant has a color rendering index of up to 90, which enhances customers’ perception of colors for fresh grocery products as well as clothing.