Regions
Economy Watch Weekly: Retail, Industrial Jobs Susceptible to Automation
Eighty percent of jobs in industrial-related industries and 63 percent of jobs in sales are at risk of disappearing as technology advances, according to a recent Citi report. Economy Editor Dees Stribling has the latest, for the week ending Sept. 8, 2017.
Economy Watch: Report Suggests Malls Need a New Tenant Mix
While department stores and apparel retailers occupy the most space in U.S. malls, they also posted relatively tepid sales growth in recent years, notes a new CBRE report.
BGC Acquires Berkeley Point, Minority Stake in New CRE Biz
The company and its affiliate Cantor Fitzgerald paid $875 million to purchase the capital solutions provider, and invested an additional $100 million in finance and investment business CF Real Estate Finance Holdings LP.
Cambridge Class A Building Changes Hands for $75M
Lincoln Property Co. and Chile-based Stars Investments acquired 625 Massachusetts Ave., a 122,104-square-foot office and retail property in the supply-constrained Central Square district.
Bank of America Grows in San Jose
Completed in 2001, Century Plaza II is a LEED Gold certified building ideally situated on 2.9 acres in Silicon Valley. The property is fully leased.
Zayo Buys Data Center in Denver Area
The 29,500-square-foot asset further expands the company’s presence in Colorado and will be directly linked to the one Zayo owns in downtown Denver at 1500 Champa St.
C&W to Lease Suburban Boston Office Complex
The recently renovated Highwood Office Park is located 18 miles northwest of Boston and includes a series of modern suburban amenities such as high ceilings and a fully-equipped fitness center.
LaSalle Brings New Leader on Board
Tim Kessler will be based in LaSalle’s Chicago headquarters and will be in charge of the company’s growth strategy worldwide.
JLL Facilitates 575 KSF DC-Area Office Lease
The General Services Administration will consolidate the agency’s five locations into one headquarters campus in Camp Springs, Md., moving 3,700 employees in 2020.
HCP Snags Indianapolis Coca-Cola Bottling Plant
The company is planning to transform the 12-acre site into a $260 million mixed-use Bottleworks District development. The project will be completed in five phases, over a period of seven to 10 years.