JLL
Graycor Completes 1st Phase of TEN Distribution Center in Phoenix
The development is Foreign Trade Zone capable, allowing for reductions of up to 72 percent on real estate property and equipment taxes.
Manhattan Luxury Hotel Gets $31M Refi
Madison Realty Capital originated the loan for the 81-key GEM Hotel in Chelsea. The sponsor acquired the property, which previously served as a residential building, in 2007.
Cushman & Wakefield Brokers AZ Industrial Sale
Conor Commercial Real Estate and Globe Corp. sold AZ|60 Industrial for $27 million. The two-building property in Gilbert encompasses 225,600 square feet.
KBS Inks 196 KSF Lease Renewal in Baltimore
Morgan Stanley has been anchoring the 260,000-square-foot Thames Street Wharf since it was completed in 2010. The building is part of the 27-acre Harbor Point project.
AshbyCapital Secures $142M in Financing for London Property
The company is planning to transform the Brutalist-style building, developed in the 1970s in the Kensington area, into an office and retail asset.
Avison Young Welcomes New Philadelphia Principal
Wayne Hunt brings 42 years of experience to the position, with previous executive roles at Cushman & Wakefield, JLL and The Galbreath Co.
LGE Breaks Ground on Phoenix-Area Warehouse
The design-build company has teamed up with Clarius Partners on the development of The HUB at Goodyear, a 791,000-square-foot spec project spanning 43 acres.
Fitch Group and 4 Others Coming to Chicago Trophy Tower
Irvine Co. closed five leases totaling 104,000 square feet at One North Wacker in The Loop and is getting ready to welcome Fitch Group, Wipfli, The Jordan Co., May River Capital and Heard Capital.
JLL Names Global CFO
Stephanie Plaines was previously CFO for Starbucks’ U.S. retail. She will report to CEO Christian Ulbrich and join the company’s global executive board.
FBI Building in Denver Sells for $73M
USAA Realty purchased the 175,000-square-foot Class A office asset in the city’s Stapleton neighborhood from 90 North Real Estate Partners, in a deal brokered by JLL.