JLL
Cardinal Industrial Nabs South Texas Facilities
The assets, located in McAllen and Pharr, total more than 450,000 square feet, spread across 25.8 acres. JLL brokered the deal.
Why Private Equity Likes Sale-Leasebacks
Industrial assets are particularly ripe for this type of transaction, having accounted for more than half of deal volume in the first half of 2018, up from 35 percent in 2017, noted Krupa Shah, senior vice president of JLL’s capital markets group.
JLL Hotels Appoints New CEO
Gilda Perez-Alvarado will lead the firm’s hospitality real estate services, which will include investment sales, debt and equity placement, strategic advisory and asset management.
Construction Tech Startups’ Meteoric Rise
Todd Burns, president of JLL’s project and development services group, explains what led venture capitalists to invest more than $1 billion in these companies in the first half of 2018—a 30 percent increase over 2017’s total.
Brookfield Properties Lands 73 KSF Houston Office Lease
The landlord closed a lease renewal within the 4.2 million-square-foot Houston Center, at LyondellBasell Tower. Law firm Haynes and Boone will occupy three floors at the property.
Spaces Signs 111 KSF Lease at Chrysler Building
JLL facilitated the deal between the flexible workspace company and Tishman Speyer, the owners of the historic, Class A, 1.2 million-square-foot office tower.
SPP Unveils Trophy Towers at $3B Tampa Project
The firm is set to construct two office buildings totaling 1 million square feet at its $3 billion Water Street Tampa mixed-use development, currently underway along the city’s waterfront.
Ardian Buys 136 KSF Office Building in Berlin
The Paris-based company purchased an eight-story complex in the City West district, marking its third investment in Germany to date.
Thor Equities Inks Lease at Historic Manhattan Building
The former Engineering Societies’ Building used to be home to a 1,000-seat auditorium and one of the largest engineering libraries of the world.
STAG Acquires San Antonio-Area Industrial Facility
JLL Industrial Capital Markets arranged the sale on behalf of the previous owner, Colimar Inc. Located at 802 Trinity St., the property comprises 270,084 square feet of manufacturing and logistics space.