Regions
RKF Leases 6 KSF at 1515 Broadway in Times Square
The 1515 Broadway office tower is leased to major employers such as media giant Viacom, PlayStattion Theater, Minskoff Theater, and KIKO MILANO and LINE FRIENDS who recently leased 1,542 square feet and respectively 4,629 square feet of space.
From Church to MOB in Queens
Regent Medical Properties LLC plans to replace the 20,803-square-foot building in Flushing, N.Y., purchased for $19 million, with a 12-story, mixed-use medical office building.
North San Diego 225 KSF Outpatient Center Underway
Construction began on the first phase of a 225,000-square-foot Class A medical office development on the campus of Palomar Medical Center Escondido. Cushman & Wakefield will handle leasing.
Cush & Wake to Acquire Partner Firms
The company entered into an agreement with Northmarq to acquire its partner firms in Minneapolis, Seattle, Salt Lake City and Las Vegas. In total, the firms will have 750 employees and manage 50 million square feet of space.
Manufacturer Opens First Missouri Pipe Plant
Advanced Drainage Systems, a provider of water management products, opened its 62nd facility. The Harrisonville, Mo., plant has 72,650 square feet and approximately 50 employees.
Economy Watch: Retail Sales Enjoy Healthy Gain
Consumers appear to be in a buying mood this summer, as last month’s sales jumped 4.2 percent ahead of July 2016, the Census Bureau reported.
Daum Brokers Inland Empire 113 KSF Industrial Buys
The properties in Corona and Ontario, Calif., changed hands for a total consideration of $13.1 million. Vacancies in small-size warehouse properties are below the region’s average.
Understanding the HVCRE Bill
Reps. Robert Pittenger (R-N.C.) and David Scott (D-Ga.) introduced the H.R. 2148 bill in hopes of clarifying capital requirements for HVCRE loans. But when and if the bill will be passed in its current form is still unknown.
The US: the Original Skyscraper Kingdom
The U.S. showcased its booming 20th century economy by defying gravity, creating concrete and steel giants known as skyscrapers.
Running Toward Retail: Banking on the Lasting Appeal of Downtowns
The in-person shopping experience can thrive in revitalized core districts, representing a potential goldmine for small business tenants with strong customer relationships.