Regions
Baltimore-Area R&D Park Welcomes New Tenants
St. John Properties inked two new leases totaling more than 30,000 square feet at its 44-acre Riverside Technology Park in Frederick, Md., bringing the campus to 90 percent occupancy. The campus is now 90 percent leased.
Creative Office Building Underway in West LA
Expected to be completed in the first quarter of 2019, Expo Station is an 80,000-square-foot transit-oriented development. The asset will feature three levels of creative office space and a two-level parking structure.
Orange County Business Campus Trades for $106M
Greenlaw Partners and Westbrook Partners acquired Centerpointe La Palma, a 10-building, 525,560-square-foot business park in La Palma, Ca. At the time of sale, the asset was 89 percent leased.
Economy Watch Weekly: The Solution for Struggling Malls
Changing up the tenant mix to include retail categories with higher sales growth is key for U.S. malls to survive, according to a recent CBRE report. Economy Editor Dees Stribling discusses all things retail, for the week ending Sept. 15, 2017.
Evocative Inks Lease for 42 KSF LA Data Centers
The company joins the tenant roster at West 7 Center, a nine-story data center facility in downtown Los Angeles. Rising Realty Partners signed Evocative to a long-term lease for 42,000 square feet, which will house the company’s first data centers in L.A.
Dual-Branded Marriott Hotel Debuts in Denver
White Lodging Services Corp. own and manage the 272-key Le Meridien and the 223-key AC Hotel by Marriott, located in the city’s business district.
NJ Shopping Center Changes Hands
The Hampshire Cos. sold Towne Shopping Center, a retail center anchored by ShopRite. The firm acquired the property in 2012, increasing its net operating income by creating a stabilized tenant roster.
Economy Watch: Recent Hurricanes Impact Hospitality Industry
Most major hotel markets in Florida saw dramatic performance declines in the days leading up to Hurricane Irma, according to STR’s preliminary analysis. Hurricane Harvey’s impact on Houston’s hotel markets is a little less clear.
Barnett Capital Sells 2 MSF Industrial Portfolio
Located predominantly in the Midwest, the properties netted Barnett Capital $84 million, a tidy sum for snapping up assets in the Chicago area, the company’s target market.
Brookfield Multiplex to Build Melbourne Biomedical Facility
The company is developing the project for Monash University at its Clayton campus in Victoria. Plans call for 123,000 square feet of learning space across four levels.