JLL
Las Vegas Shopping Center Trades for $63M
The asset built in 2007 is fully leased and is anchored by Smith’s Grocery, a subsidiary of Kroger and TJ Maxx. Within a five-mile radius of the property reside more than 200,000 people earning an average household income of $89,000.
Unearthing Alpha: Where Are the Next Opportunities?
The job market continues to be the most telling gauge of commercial real estate performance, fueling demand for all property types.
JLL Secures $78M Refi for Texas Shopping Center
The financing provided by Goldman Sachs will be used to refinance an existing loan for the 466,950-square-foot shopping center located in Pharr.
Panama Canal Expansion Lifts Coastal Markets: JLL
The $5 billion development has provided a boost to the nation’s ports, where vacancy rates for industrial space are at record lows and rents are climbing, according to a new JLL report that notes the majority of new construction will be at East Coast and West Coast seaports.
JLL Lends a Hand in Iconic NYC Hotel Sale
Highgate and the Rockpoint Group are the new owners of the 168-key Royalton in the heart of Midtown Manhattan.
Renesas Electronics Inks 216 KSF Lease in Milpitas
In one of Silicon Valley’s largest transactions this year, the company agreed to expand its premises to include all of 915 Murphy Ranch Road at Murphy Crossing.
Park Hotels to Relocate HQ
The company will take up 31,000 square feet of office space in the first LEED Platinum-certified building in Tysons, Va., located just down the street from their current location.
Perennial Ponders $1.2B Sale of Singapore Skyscraper
A group of investors led by Perennial Real Estate Holdings is contemplating the sale of the AXA Tower, the city’s sixth-tallest building located in the central business district.
Irgens Ready to Build 350 KSF Milwaukee Office Tower
The developer acquired the BMO Harris Bank building and plans to develop a new 25-story BMO Harris Financial Center—where the bank will serve as anchor tenant—on an adjoining parking lot.
Self-Storage Facility Made of Shipping Containers Coming to Houston
The 1,017-unit property, developed by GreenSpace Holdings, will operate under the CubeSmart brand. The project is part of GreenSpace’s strategy to build 50 self-storage facilities across the U.S. by 2024.