Regions
Workforce Trumps Location in Industrial Site Selection
Access to skilled employees has moved to the top of the list for manufacturing tenants looking for space, knocking the location factor out of first place, according to the latest CoreNet report.
West Coast’s Tallest Building Open for Business
Korean Air and Hanjin Group developed Wilshire Grand Center, a $1.1 billion skyscraper, which brings offices, a luxury hotel and convention space to downtown Los Angeles.
Sacramento-Area Shopping Center Trades
Soma Capital Partners, the new owner of Blue Oaks Marketplace, plans general capital improvements to attract a business in the food service space.
Vornado Speeds Up JBG Smith Spin-Off
Common shares of the new REIT—which will trade on the New York Stock Exchange under the symbol JBGS—will be available starting July 18.
Detroit: Far From Singing the Blues
After years of little multifamily supply, development is beginning to pick up, with more than 4,000 units under construction. Rents increased 4.2 percent year-over-year as of April, Yardi Matrix data shows.
Flagship Healthcare Nabs First Louisiana Property
The 55,000-square-foot medical office building in the New Orleans metro area was 72 percent occupied at the time of the transaction and is part of the campus of Lakeview Regional Medical Center.
Alex O’Connor Joins L&L Holding Co.
After two years with AR Global, O’Connor has joined the firm as an acquisition associate. He will oversee the valuation, strategy and execution of new investments for L&L.
Investors Revamp Playbook to Capture Yield: PGIM
While investors have largely focused on putting their capital in core assets in primary markets since 2010, they are starting to target markets offering more attractive yields and stronger growth opportunities, according to PGIM Real Estate’s 2017 Global Outlook.
Katz’s Deli Leases 30 KSF in NJ
The firm, a landmark of the New York City culinary scene, plans to expand its business by opening a new location at a 145,000-square-foot industrial building in Carlstadt, N.J.
FiscalNote Relocates DC Headquarters
The company will occupy an entire floor, totaling 38,000 square feet, in the Heurich Building. The D.C. Mayor’s office granted FiscalNote a $750,000 incentive to remain in the area.