Newmark Knight Frank
Economy Watch: Office Construction Robust, More Focused on Downtowns
Development is at an above-average rate and more focused on urban core locations than in previous decades, a recent Newmark Knight Frank report shows.
Anchor Health Properties Grabs Suburban Boston MOB
The LEED Gold-certified asset is situated within Lahey Hospital & Medical Center’s campus and features a new conference center, recently upgraded interiors and landscaped entrances.
KKR, Parkway Properties Buy 522 KSF Miami Office Tower
The joint venture partners purchased the 30-story building in the city’s central business district from PGIM Real Estate, which had owned the property since 2013.
CBRE Brokers LA-Area Office Sale
Niagara Water purchased a three-story, 135,000-square-foot asset in Diamond Bar, Calif., and is set to remodel the interior of the building.
[solidcore] Opens First Manhattan Location
The gym chain singled out Chelsea as its second New York location, planning to occupy more than 2,000 square feet at an Extell Development-owned asset.
Gazit Horizons Picks Up Boston Retail Asset
The seller, Frazer Holdings, traded the vacant property in the city’s urban core for $16.6 million. The building contains 10,500 square feet across two stories.
NKF Facilitates MI Industrial Sale
National Print and Mail sold the 1965-built property to SourceHub, an online distributor of warehousing and facility equipment. The buyer plans to relocate its operations in July 2018.
FRM Associates Buys LA-Area Office/R&D Campus
NKF Capital Markets brokered the deal on behalf of the sellers, Platform Ventures and PMRG. The 574,000-square-foot property has long been home to aviation and defense companies.
Rockpoint Group Buys 5-Building OC Office Asset
This transaction marks the largest office sale this year in Orange County for NKF Capital Markets, which represented the seller of the 479,450-square-foot property in Aliso Viejo, Calif.
NKF Appoints New Executive Managing Director in NJ
Bradford Fenlon has previously occupied various roles within Colliers International, CBRE and Insignia Financial. Over the course of his career, he worked with several Fortune 500 companies.