Regions
Celebrating 30: The Rise of CMBS
We’re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate’s history. This week: The birth and rise of CMBS. Stay tuned for our weekly posts and follow along with us on social media using the hashtag #CPETurns30.
CBRE Arranges Greater LA Industrial 1031 Exchange
The three-building park in Norwalk, Calif. changed hands for $14.1 million and is 98 percent leased to a variety of tenants, including Ford Motors.
Medical Company Relocates HQ From NoVa to Baltimore
The company plans to invest $6.5 million in the Pigtown headquarters and research and development facility. The firm’s new base is owned by Bernstein Management.
Kidder Mathews Taps Inland Empire SVP
Dean Krieger brings more than 30 years of industry experience. In his new role, he will specialize in tenant representation throughout the Inland Empire and Orange County.
Boston Hotel Parking, Vacant Ground Floor Sell for $95M
Pebblebrook will use the proceeds for general business purposes, including reducing the company’s outstanding debt or repurchasing common shares.
Economy Watch: Office Occupancy Rising Fast in Some U.S. Markets
Several major U.S. cities made CBRE’s top 20 list of the markets with the fastest-increasing office occupancy costs worldwide, including Houston, Midtown-South Manhattan, Denver, Chicago, among others.
NAI Hiffman Appoints Ted Staszak as SVP
During a 20-year career, the industrial property specialist has completed 500-plus transactions valued at $8 billion. He brings deep experience in major Midwestern markets to his new role.
NKF Brokers the Sale of 100 KSF Mixed-Use Property
The building is located in Woodridge, Ill., and offers a mix of office, research and warehouse space. It is partially occupied by Elevance Renewable Sciences Inc.
CRC Taps Commercial Management Pro
The company has appointed JD Brakefield as director of commercial property management. He holds almost two decades of industry experience, having served The Rappaport Cos., PREIT and Elysian Partners.
JLL Adds New VP to Its Smart Building Team
In his executive role, Yann Palmore will provide advisory services and will develop strategies to help clients implement data-driven solutions into their commercial real estate portfolios.