Regions
CBRE Completes OH Lease for Keller Williams
The brokerage firm’s 115 licensed real estate agents will move into a new 11,500-square-foot office space in Mason, Ohio by the end of September.
Brookfield Acquires $440M Interest in Downtown LA Asset
The California Market Center is home to fashion industry showrooms, creative office spaces, event venues, fitness studios and beauty salons. the property was the first wholesale fashion showroom to open its doors on the West Coast.
Bringing Hospitality to the Office
At the 2017 NeoCon show, Lauren Rottet discusses how hotels are having an impact on the design of workspace and what tenants are looking for in a setting.
NAI Hiffman Brokers Illinois Office Sale
Heidner Property Inc. bought the 37,500-square-foot property in Hoffman Estates, Ill., for $3.2 million and will relocate to the new address from Glendale Heights, Ill.
NAI Hiffman Arranges Chicago Warehouse Lease
Sunbelt Rentals is the new tenant of a 29,000-square-foot warehouse in Chicago’s Logan Square neighborhood. The facility was formerly occupied by ComEd.
Amazon to Open First Oregon Facility
The retailer will invest $178.4 million in an 855,000-square-foot fulfilment center in eastern Hillsborough County. The facility will create more than 1,500 full-time jobs.
Morgans Hotel NYC Fetches $41M
The acquisition is scheduled for completion in July, when the new owners—a joint venture of The Kash Group and Shel Capital—will execute a residential conversion of the the 90-year-old Midtown Manhattan property.
Economy Watch Weekly: Fitch Details Upbeat CRE Outlook
Multifamily fundamentals should lead the pack during the second half of 2017, with strong showings from the industrial sector and tech-focused office markets, Fitch’s U.S. Equity REITs handbook concludes. Meanwhile, Pew Research reports that Americans are increasingly upbeat about the economy.
CBRE Secures Financing for Cupertino Office Building
Harbor Group International LLC is set to acquire an 88,580-square-foot asset in the heart of Cupertino, Calif. CBRE’s Shawn Rosenthal secured a ten-year interest-only loan provided by JP Morgan.
Baltimore-Area Office Asset Completes First Sale
A joint venture between Feldman Bergin Development and Kenwood Management Co. acquired 1334 Ashton Road in Hanover, Md. for $2.3 million. The building is part of the Commons Corporate Center office park.