Regions
CIS Leases 60 KSF in Suburban DC
CIS Secure Computing Inc. will relocate approximately 200 of its employees to the Ashburn Crossing business community, located in the northwestern outskirts of Washington, D.C.
C&W Arranges Sale of AZ Retail Center
Sarofim Realty Advisors acquired The Plant, a nearly 57,000-square-foot shopping center in suburban Phoenix, from Common Bond Development Group. The property changed hands for $25.8 million.
Bixby Acquires Phoenix Industrial Facility for $10M
Built in 1998, West 10 Business Center is fully-leased to three tenants. The distribution facility is located at 4703 W. Brill St., with direct frontage along Interstate 10.
Montecito Medical Acquires VA Medical Campus
The Clearfield Portfolio comprises two attached buildings totaling 86,377 square feet. Both structures are 100 percent leased to tenants providing urology services.
Economy Watch Weekly: Slowdown in New Rental Housing Growth Likely
Despite signs of continued growth in the U.S. economy, certain real estate sectors—particularly multifamily—are showing signs of deceleration. Economy Editor Dees Stribling discusses the recent Harvard Joint Center for Housing Studies report on the topic.
Paramount Executes 100 KSF Manhattan Office Lease
A software company will occupy two floors of Paramount’s 48-story office building, bringing the property’s leased occupancy rate to more than 95 percent.
McCraney to Build 610 KSF Spec Building near Charlotte Airport
The company acquired a 54-acre parcel less than one mile from the airport as part of its 2 million-square-foot industrial expansion throughout the Southeast U.S.
Alliant Energy Takes Over 170MW Wind Farm in IA
Through its Iowa utility subsidiary Interstate Power and Light Co., the company will begin construction of the 15,000-acre wind farm in 2018.
Net Lease’s Staying Power
The sector remains a popular investment type for real estate players looking for stability and consistent, long-term returns. Sands Investment Group Managing Director Andrew Ackerman reflects on 2017 and shares his 2018 outlook for the net lease space.
Cap Rates Versus Interest Rates: When Will the Other Shoe Drop?
Market cap rates tend to increase during periods of rising interest rates, but Avison Young Principal Jay Maddox explains why this may not be the case for commercial real estate anytime soon.