Regions
Cancer Center Underway in Riverside
HFF has arranged financing for a 27,000-square-foot medical office building to be developed by Pacific Medical Buildings. The property will be leased in full to RadNet Management Inc.
Partnership Brings New Charter School to South Bronx
The building represents the first newly constructed facility in the Classical Charter Schools portfolio. The school is scheduled to open during the 2017-2018 academic year.
Jewel-Osco to Open in Chicago’s Woodlawn
The full-service grocery store is scheduled to open in the second half of 2018. The project belongs to a joint venture between Terraco and DL3 Realty.
NGKF Taps New Global Corporate Services CEO
Robinson will lead the firm’s integrated offering and solutions for occupier clients around the globe. Prior to NGKF, he held positions at Colliers International, Cassidy Turley, CBRE and Trammell Crow.
Economy Watch: Commercial Property Valuations Gain in April
The commercial real estate industry saw its strongest price growth since the election, according to Ten-X’s latest Commercial Real Estate Nowcast. CRE pricing has risen 9.6 percent in the last 12 months, the strongest annual growth rate since early 2016.
Lee & Associates Facilitates 35 KSF Lease to Well-Known Car Dealer
Maryland’s largest independent car dealership, Carbiz, leased 35,000 square feet at 8751 Freestate Drive in Laurel, Md. for its second business location.
Calare’s Final Step Towards Top Corporate Campus
The company broke ground on a 58,000-square-foot, Class A office building in Lowell, Mass. after long-time tech tenant signed a 20-year lease for the entire site.
NGKF Strengthens LA County Presence With New Additions
Phil Brodkin will oversee the firm’s three Los Angeles offices, while brokers Eric Lastition and Geoff Ludwig join as executive managing directors in the firm’s El Segundo branch.
Multi-Use NJ Area Development Site Sells
NAI James E. Hanson recently arranged the sale of 820 Bloomfield Ave. in West Caldwell, N.J. According to approved redevelopment plans, the former gas station might become a bank.
Flex-N-Gate Breaks Ground on $95M Detroit Plant
The 350,000-square-foot facility, which is slated for completion by early next year, will become a new centerpiece to the city’s growing I-94 Industrial Park.