Regions
EastGroup to Develop 98 KSF Industrial Facility in Phoenix
EastGroup Properties aims to attract multiple tenants, appealing to the area’s diverse industry profile. The property is situated at 3110 N. Greenfield Road, near major thoroughfares.
Oilfield to Hold California’s Largest Solar Project
Aera Energy and GlassPoint Solar will deliver the first-ever solar project to power oilfield operations. Located in the San Joaquin Valley, the 850-megawatt project is estimated to save more than 376,000 metric tons of carbon dioxide emissions per year.
Avison Young Brings NJ Office Asset to Full Occupancy
Hitachi Chemical Advanced Therapeutics Solutions signed a 50,000-square-foot lease at Loeb Partners Realty’s facility in Allendale, N.J.
New Fairfield Inn & Suites Opens in Manhattan
Crescent Hotels & Resorts will manage the 192-key asset in Lower Manhattan. The hotel features an open lobby, fitness center, work area and other amenities.
NAI Hiffman Brokers 250 KSF Warehouse Lease
H&K International will occupy 247,360 square feet of office and warehouse space within DCT Industrial Trust’s park in Aurora, Ill.
Economy Watch Weekly: Office-Using Industries Gain in November
Sectors like professional and business services, as well as health care and construction, saw increases in employment for the month. Economy Editor Dees Stribling discusses what this means for the real estate industry, for the week ending Dec. 8, 2017.
Capital Square Buys CA MOB
The company acquired the asset on an all-cash, no-debt basis, as part of a Delaware statutory trust offering primarily for investors structuring Section 1031 tax-deferred exchanges.
64 KSF CA MOB Changes Hands
Proto Inc. sold a single-tenant medical office building in Covina, Calif. The new manager plans to operate extensive renovation plans for the property.
Economy Watch: Construction Industry Gains Jobs, But Still Short Workers
The sector’s unemployment rate increased by 0.5 percent in November, now standing at 5 percent, according to the Associated Builders and Contractors latest report.
Virtua Closes Fund, to Acquire 13 AZ Properties
The company plans to add value to the purchased infill locations by obtaining entitlements for them, or by building via its affiliate, Quyp Development.