JLL
Port 10 Logistics Center to Break Ground in Baytown, TX
Pontikes Development will break ground on a 3 million-square-foot speculative warehouse and distribution park near Port Houston. The project will be built in phases, with the first one slated for delivery in the third quarter of 2018.
Property Tax Firm Opens Dallas Office
Working on behalf of Cantrell McCulloch, JLL secured a 9,964-square-foot lease at Park Central 7 in Dallas. This is the property tax consulting firm’s second branch.
Sares Regis to Redevelop Former Toyota HQ
The 110-acre property is home to more than 2 million square feet of office and industrial space in Torrance, Calif., including special amenities such as a data center, hydrogen fueling stations and helipads.
Phoenix Industrial Asset Reaches Full Occupancy
JLL signed new tenants InVue and Aquafil, bringing Colony NorthStar’s industrial portfolio to full occupancy. The market’s record-low vacancy and all-time high absorption rates made for an attractive investment opportunity.
Philly Creative Office Asset Trades for $29M
The 100,998-square-foot premier building previously served as a car dealership and a warehouse, until its conversion to office in 1982.
Savanna Picks Up NYC Office Tower
The real estate company purchased 19 W. 44th St. from Deka Immobilien GmbH, and plans to invest more than $25 million in renovations at the 300,000-square-foot Midtown property.
Lerner Inks 23 KSF HQ Lease in VA
Cross Country Consulting will take up an entire floor at a premier office building located within Lerner’s Corporate Office Centre at Tysons II in Tysons, Va., the state’s largest office market.
Mortgage Firm Extends, Expands Dallas Lease
Pacific Union Financial signed a new 44,000-square-foot lease at Browning Place I in Dallas. The company also renewed its existing 88,000-square-foot lease at neighboring Browning Place II.
Movie Theater Skepticism Breeds Net Lease Opportunity
Why movie theaters present an interesting net lease investment opportunity for those seeking concepts with long-term viability and higher yields, according to JLL Senior Vice President Matthew Berres and Associate Scott Bailey.
Economy Watch: Bioscience Firms Will Pay Premiums for Prime Space
Life sciences employers are willing to pay high rents to be near hard-to-find talent. With laboratory space being scarce and rents continuing to rise, firms are facing the pressure to make their spaces desirable while keeping costs under control.