CBRE
Economy Watch Weekly: Not All Retailers Feeling E-Commerce Impact
While electronics and clothing retailers are seeing a portion of their sales moving online, e-commerce has yet to gain traction in some other retail categories, according to a recent CBRE analysis.
JV Scores Prime Boston-Area Office Portfolio for $270M
Longfellow Real Estate Partners has teamed up with Morgan Stanley to acquire three Class A office and tech properties totaling 605,873 square feet in Cambridge, Mass. Longfellow will handle the building operations on behalf of the joint venture.
CBRE Trades Charlotte Office Building
Known as 401 McCullough, the property changed hands for $12.3 million. Tempus Realty Partners acquired the vacant building from LNR Partners.
CBRE Taps Central Valley Industrial Senior VP
Bringing 28 years of industry experience, Robert Taylor focuses on facility optimization, supply chain logistics and solutions analysis, incentives, warehouse/distribution and capital markets within this submarket.
SG Property Services Buys Greater-Atlanta MOBs
Physician owners represented by CBRE and Colliers sold the two properties totaling 55,664 square feet for a combined $11.9 million.
Economy Watch: E-Commerce Sales Impacting Certain Retail Sectors
While internet sales have been steadily increasing each year and each month, they are only generating significant volume in sectors like apparel and electronics, according to a new CBRE report. E-commerce has yet to gain as much traction in other retail areas.
Santa Ana Office Park Trades for $32.8M
Benchmark Holdings purchased Alton Deere Plaza from TA Associates Realty. At the time of sale, the two-building, 185,245-square-foot property was 96 percent occupied.
Monday Properties Grabs DC, SoCal Assets
The company made moves on both coasts, acquiring Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.
CBRE to Transform Atlanta’s 7000 Central Park
The 18-story office tower will undergo major upgrades and will join CBRE’s “5-Star Worldwide” program, a national network of top-tier office buildings.
Summit Closes $163M Portfolio Deal
Acquired from Xenia Hotels, the five properties include four adaptive-reuse buildings. The assets are located in Fort Worth, Kansas City, Mo., Pittsburgh and Baltimore.