JLL
Industry Faces Shortening Runway in 2018
The U.S. economy is showing few signs of deceleration, creating a matrix of growth opportunities across markets and property types. But for all its strengths, the real estate industry still faces its fair share of headwinds, as the post-recession recovery borders on a decade.
Oxford Development Lands Coworking Tenant
Serendipity Labs plans to open its first Pittsburgh location in December, encompassing approximately 25,000 square feet at 3 Crossings in the city’s Strip District.
Exeter Snags $49M Charlotte-Area Industrial Campus
HFF represented the seller, Beacon Partners, in the disposition of RiverOaks Corporate Center and three adjacent parcels in Concord, N.C.
JLL Arranges $35M MOB Sale
MBRE Healthcare, a Chicago-based private owner and investor, purchased the Class A, 86,450-square-foot portfolio in the heart of Asheville, N.C.
Tallahassee Retail Asset Changes Hands for $16M
JLL Capital Markets arranged the sale and financing of Killearn Shopping Center on behalf of the sellers, a joint venture between DDR Corp. and Madison International Realty.
JLL to Lease Ashford Portfolio in Houston
The Mission Cos. selected the team of Scott Fikes and Jack Russo to handle leasing efforts for the properties located in the city’s Energy Corridor.
Single-Tenant Retail Asset Changes Hands in NM
The 43,484-square-foot property is on the border of New Mexico and Texas. The only tenant of the building is a grocery store.
Gearing Up for the 2018 Hurricane Season
Last year’s calamities prompted commercial property owners, contractors, property managers and tenants alike to make early adjustments ahead of the impending storms.
Asana Partners Buys LA Mixed-Use Portfolio
Engine Real Estate traded The Fig Collection at Highland Park for more than $23 million. The three-property portfolio includes multifamily, retail and office space.
Boston Properties Invests in NYC, LA Assets
The office transactions, which total more than 3 million square feet and involve partnerships, give the REIT a stake in Manhattan’s 3 Hudson project and West Los Angeles’ Santa Monica Business Park.