JLL
Citrine Advisors Acquires Historic Portland Office Building
New Urban Properties sold a 27,500-square-foot property in Portland’s CBD. JLL negotiated the transaction on behalf of the seller, while CBRE represented the buyer and secured the acquisition financing.
Group RMC Lands $221M Loan for KC Office Buy
JLL’s Capital Markets team secured the acquisition financing for Corporate Woods, the largest corporate campus between Chicago and Denver.
JLL Names New Vice President in Fort Worth
JLL appointed David Berzina as vice president. He is the former head of economic development of the Fort Worth Chamber of Commerce and in his new role he will be responsible for site selection and the company’s economic development strategy.
Economy Watch: Data Centers Stay Red-Hot
Construction jumped 43 percent year-over-year during the first half, according to JLL, and big changes are in store during the next few years: artificial intelligence, automation and enhanced energy efficiency.
Upgrades Underway at Suburban Atlanta Office
The modernization project includes enhancements to the building’s exterior and interior features in order to transform it into a highly amenitized, 21st-century office community.
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.