Regions
Western Specialty Names New Manager at Chicago Branch
Kevin Rogers will serve as manager of the Facades division. He will be responsible for managing operations and personnel as well as developing façade restoration projects in the Chicago metropolitan area.
T5 Begins Next Phase of Chicago Facility
The data center owner and operator will add two megawatts to T5@Chicago. The site is primed for a future 170,000-square-foot, 16mW expansion.
LEGOLAND Takes NY by Storm
The $350 million amusement park will be located in Upstate New York’s Goshen and will open in 2020, offering educational programs for children.
Hines to Break Ground on Mexico City Logistics Center
Phase One of Convento CityPark comprises three buildings, totaling more than 1 million square feet, which will offer newly constructed cross-dock and front-load configurations.
Walgreens-Rite Aid Uncertainty Impacts Net Lease Drug Store Sector
Transaction volume in the single-tenant drug store space slowed over the past 18 months due to investor concern about the failed Walgreens-Rite Aid merger. The Boulder Group President Randy Blankstein examines the effects.
The High Cost of Inaction
Investors often consider the implications of buying a piece of real estate, but they don’t as often think about the cost of not buying, warns Solomon Poretsky, EVP of Organization Development at SVN International Corp.
Jernigan To Break Ground on NJ Self-Storage Facility
The company has expanded its self-storage portfolio with a $14.7 million investment in North Bergen. The facility will offer 68,000 square feet rentable space.
US Industrial REITs Benefit From Rising Warehouse Demand
Warehouse space is likely to remain in steady demand, supported by favorable fundamentals and the rapid growth of e-commerce sales, notes Moody’s Investors Service Analyst Alice Chung.
Enhanced Protection for Preferred Equity Deals
Preferred equity JVs can be an attractive way to invest in real estate transactions and earn high returns, but investors should consider certain protections in order to better secure their return on investment, argues Pircher, Nichols & Meeks Partner Michael Scheinberg.
Software Company Expands Suburban Boston Lease
Aras Corp. is relocating from its 27,772-square-foot space at the Andover Landing at Brickstone Square office park in Andover, Mass., and will now take over 65,298 square feet in another building on the same campus.