Regions
InvenTrust to Downsize HQ in Suburban Chicago
The company is planning to move into 22,000 square feet of space at the Highland Landmark II building in Downers Grove.
New Lobbies, Leases for Davis Marcus CT Assets
Cushman & Wakefield was tapped to market a pair of office buildings totaling 263,500 square feet. The Wilton and Norwalk Class A structures were recently refurbished and feature new lobbies, fitness centers and landscaped gardens.
Sares-Regis Leases First Building in 508 KSF Industrial Park
Atara Biotherapeutics signed a 15-year lease for a 90,000-square-foot building in Conejo Valley. The developer broke ground on the project last month.
CBRE’s Silvio Petriello Promoted to VC
He will oversee financial, commercial and operational processes throughout the New York area, including acquisition, disposition, corporate capital markets, strategy development, portfolio optimization and benchmarking.
Economy Watch: Multifamily Markets Softening
All four indexes of the NMHC’s quarterly survey were below the breakeven level of 50, indicating that U.S. apartment market conditions are softening despite continued strong demand. New supply is finally catching up, and there seems to be more caution among buyers and lenders, noted NMHC Chief Economist Mark Obrinsky.
TCG Lines Up Financing for Celtics’ Practice Facility
The upcoming 160,000-square-foot building at Boston Landing will be called the Auerbach Center at New Balance World Headquarters, in honor of basketball legend Red Auerbach, who was a coach and team executive.
Dollar Tree Unveils $110M Project in Missouri
The company is building a 1.2 million-square-foot distribution center within Brady Commerce Park, which will bring 375 new jobs to the city of Warrensburg.
Quality Eats Opens Sleek Steakhouse in NoMad
Winter Properties signed Quality Eats as tenant for its newfangled 3 E. 28th St., following renovations spearheaded by Morris Adjmi Architects.
Financing Industrial: PGIM Real Estate Finance CIO Talks Discipline, Disruption
Paige Hood has a favorable outlook for commercial real estate lending, crediting market discipline as a key driver of his firm’s capacity to lend on coveted, last-mile industrial assets, among other property types.
Bay Area College Building Goes Green
HGA has been contracted to design a 50,000-square-foot science building in Redwood, Calif. McCarthy aims to begin construction in spring of 2018.