JLL
Summit Real Estate Buys Industrial Portfolio
The company has expanded its footprint with a five-property industrial portfolio located in St. Petersburg, Fla. The buildings sold for a total of $17.4 million.
Purple USA Relocates, Signs New Manhattan Lease
The lifestyle communications and public relations agency will occupy the entire 13th floor of GFP Real Estate’s Chelsea building.
Former NJ Ballantine Brewery Commands $61M
A Turnbridge Equities joint venture acquired the 1.1 million-square-foot building in Newark. The property is also located in an Opportunity Zone.
Avison Young Brokers Manhattan Retail Lease
Midtown Hardware will occupy roughly 3,500 square feet at a property that The Episcopal Church owns in Midtown East. The 11-story building also includes office space.
Bulfinch Begins Work on 270 KSF Office/R&D Project in Cambridge
The new development is rising in Greater Boston’s most sought-after lab location and will consist of two separate bases, with 42,000-square-foot floor plates.
Welltower Wraps $400M MOB Deal
With the assistance of JLL Capital Markets, Hammes sold the 979,000-square-foot collection, which consists of 23 properties across nine states.
Next Phase of $180M CA Mixed-Use Project Breaks Ground
DWS Group has started construction on Village Shops, the latest component of the property’s redevelopment, which will include more than 60,000 square feet of retail.
1st Phase of $58M Marriott Restoration in Puerto Rico Complete
JLL’s project and development services division finished the first leg of renovations to the Marriott San Juan Stellaris, which was significantly damaged during Hurricane Maria in 2017.
Vantage Data Centers to Add 160 MW in Phoenix
The campus will comprise three data centers across 1 million square feet in Goodyear, Ariz. The initial phase will add an initial 32 megawatts and is slated for completion in 2020.
London Draws Most Global Real Estate Investment
Despite Brexit concerns, the city topped JLL’s list for the second consecutive year, with Los Angeles, Paris and Shanghai also among the most coveted markets. But which gateway destination is the runner-up?