CBRE
MCA Realty to Develop 140 KSF Industrial Facility
With completion scheduled for the end of the year, MCA Realty is set to break ground on the new industrial development this month. CBRE and Lee & Associates represented MCA in the acquisition of an 8-acre parcel in Temecula, Calif., for the project.
CBRE Snaps Up South Florida Firm
The acquisition of Brenner Real Estate Group expands the company’s footprint in Broward and Palm Beach counties.
Nassau County Office Building Sells for $76M
CBRE brokered the sale of the 217,226 square-foot asset, which is fully occupied through 2036 by the county’s Department of Health and Human Services.
Huron Consulting Leases 32 KSF in Manhattan
The company will occupy a portion of the third floor in the 1.6 million-square-foot office building at 1166 Ave. of the Americas.
Avison Young Expands in Eastern Europe
This is the Canadian company’s first office in Romania, tenth in Europe and 80th globally. David Canta, managing director & principal, will lead local efforts.
CBRE Secures $152M Bay Area Office Refi
The owner has repositioned and modernized Rosewood Commons, taking it from 10 percent leased at purchase to 95 percent leased now.
Nothing But Net
As the net lease sector continues to take on its own asset class presence, investors and lenders are increasingly putting their capital into the property type, especially single-tenant, triple-net leased properties. Net lease owners with investment-grade tenants in place are most attractive to investors, but a lack of available inventory is leading some lenders to widen their options.
Jackson Square Office Building Changes Hands in SF
Seth McKinnon and Tyler Meyerdirk of CBRE Capital Markets arranged the sale of the five-story, 15,432-square-foot property in San Francisco. At the time of the transaction, the building was 92 percent leased.
John Lo Joins CBRE as SVP
John will bring more than 23 years of experience in commercial real estate finance to his new role. Prior to joining CBRE, John worked for three years at JLL.
Pepper Construction to Build IKEA’s First WI Store
The Swedish home furnishings retailer has secured contractors for the upcoming location in Oak Creek, Wis. The 291,000-square-foot IKEA store is due to open next summer, with 250 full-time employees.