Regions
Economy Watch Weekly: Life Sciences Driving Real Estate Demand
Economy Editor Dees Stribling discusses the top markets in which the life sciences are driving real estate demand, as well as the job numbers for June.
Economy Watch: US Office Sector Enjoys Strong Second Quarter
The property type’s performance rebounded in the second quarter, according to a recent Cushman & Wakefield report, with office space absorption hitting its highest level since the third quarter of 2016.
Terreno Nabs $15M Santa Fe Springs Industrial Property
The company has remained active in the Greater Los Angeles area, following the acquisition of a Gardena industrial asset and the sale of a development project in Whittier.
BGSU, JLL Carry Forward $200M Master Plan
The long-term initiative comes alive with the opening of a high-tech facility. In line with the academic-focused phase of the project, BGSU will be renovating, constructing, demolishing and upgrading more than a dozen buildings across the campus.
New Hotel Coming to Downtown Baltimore
The historic property—which recently traded for $3 million—landed a $10 million acquisition and renovation loan. In the making since before the Recession, the project at 101 N. Charles St. is slated for completion in 2018.
Natixis Originates $55M Redevelopment Loan for Philadelphia Retail Asset
Sun Equity Partners plans to rebrand the former 429,617-square-foot Cheltenham Square Mall as Greenleaf at Cheltenham. The asset is 60 percent leased.
Dermody Snags Silicon Valley Class A Industrial Asset
JLL is spearheading leasing efforts for the fully vacant 111,043-square-foot building developed by Panattoni in 2016. This is one of the few Class A industrial developments in the area.
Tropicana Entertainment Buys Chelsea Hotel in Atlantic City
The boutique lodging property will be incorporated into the company’s 2,400-key casino resort across the street.
Credit Suisse Snags LA Office Building
The Swiss company paid $59 million to acquire the Class A property in Glendale, Calif., from a joint venture between Lincoln Property Co. and Morgan Stanley.
JLL Names Senior VP for VAS Team
Lana Lenovitz will join a platform of more than 200 professionals, bringing valuable expertise to the Mid-Atlantic team.