JLL
CBRE Taps Central Valley Industrial Senior VP
Bringing 28 years of industry experience, Robert Taylor focuses on facility optimization, supply chain logistics and solutions analysis, incentives, warehouse/distribution and capital markets within this submarket.
JLL Arranges Sale-Leaseback of Austin Health Facility
STORE Capital has purchased an 18,313-square-foot rehabilitation facility from Mentis Neuro Health, which will lease back the property for a 15-year term.
JLL Inks Lease at Houston-Area Development
JLL’s David Bale and Eugene Terry represented the tenant in the lease negotiations, which will occupy the entire second floor of Building 4 at Grandway West.
NETSCOUT to Relocate to North Dallas Next Year
NETSCOUT will occupy a 145,000-square-foot office building in Allen, Texas, expected to open in summer 2018. The company will relocate more than 500 employees in the process.
Houston Office Tower Lands $164M Refi
JLL’s Tom Melody and John Ream procured the mortgage on behalf of the joint venture ownership, while Goldman Sachs provided the financing.
Invesco Inks 6 Leases at Premier Office Building in Boston
The transactions totaled 70,000 square feet of new leases and expansions signed by tech, energy, media, logistics and mechanical firms. The 220,311-square-foot property was recently renovated and holds several building certifications.
What’s Next for Emerging Tech Hubs?
Tech companies seeking new office locations should look for “hidden gems”—markets of opportunity with lower costs and a large talent pool, according to JLL’s latest report.
Non-Traded REITs: Go Mainstream or Die
Fundraising for the sector fell in 2016 due to the combination of impending regulatory changes and lackluster performance, notes Yardi Matrix Associate Director of Research Paul Fiorilla. The sector must continue to lower fees and improve liquidity to attract new investors.
Texas Shopping Center Lands $13M Refi
JLL secured the loan for Forum at Soncy, a 64,914-square-foot, Class A retail center in Amarillo. The retail asset is currently 93 percent leased.
Phoenix Offices Trade for $82M
JLL worked on behalf of TR Camelback Corp. to secure the sale of two office buildings in the heart of the Camelback Corridor. Goldman Sachs’s subsidiary Archon Acquisition purchased both properties.