Month: August 2024

Broadway Logistics Center is 2 miles away from three interstates. Image courtesy of Cushman & Wakefield Lovett Industrial has wrapped up construction on Broadway Logistics Center, a 201,329-square-foot Class A industrial building in Denver. Cushman & Wakefield is spearheading the leasing efforts. The company closed on the 15-acre site in September 2022 and construction on […]

The development in Mesa, Ariz., marks Novva’s first data center in the state. Image courtesy of Novva Data Centers Novva Data Centers plans to build a 300 MW campus on 160 acres in Mesa, Ariz. The company is slated to invest more than $3 billion, in two phases, over the next decade. The campus is […]

Alon Lagstein Single-tenant net leased properties are considered safe, passive investments like bonds due to their reliable rental stream and minimal landlord involvement. However, they often come with underappreciated risks. STNLs are typically priced based on their cap rates, which tend to be lower for premium tenants—often blue-chip publicly traded companies. As a result, the […]

Wells Fargo & Co. has approximately $1.9 trillion in assets. Image courtesy of Wells Fargo Trimont, a global commercial real estate loan services provider, has agreed to buy Wells Fargo’s non-agency third-party Commercial Mortgage Servicing business. The deal, backed by Värde Partners, will make Trimont the largest loan servicer in the U.S. commercial real estate […]

Denton Point III, IV and V mark the second phase of a larger development that will total 694,234 square feet at full build-out. Image courtesy of JLL Holt Lunsford Commercial Investments has obtained $32.7 million for the development of the second phase of Denton Point, public records show. First United Bank provided the five-year loan […]

There is a very wide gap between company policies and actual enforcing of office mandates, new CBRE research shows. Image courtesy of CBRE Research Some 80 percent of organizations have a return-to-office policy, but only 17 percent actively enforce it, according to a new survey from CBRE. And while adherence still lags, one-third of CRE […]

Airport Logistics Center comprises 800,000 square feet across two buildings. Image courtesy of Dalfen Industrial Four Hands, an Austin-based high-end furniture wholesaler, has leased the entire Building 2 of Airport Logistics Center in Del Valle, Texas. At 570,000 square feet, the deal marks the largest industrial lease in greater Austin so far this year, according […]

Along with the everyday challenges that property managers face, cybercrime poses a growing threat. Last year alone, this issue was responsible for $12.5 billion in damage to the U.S. economy. As commercial real estate stakeholders adopt more technology, their vulnerability to data theft, ransomware and property damage has increased. Property managers are on the front […]

The 423,000-square-foot Building 100 is part of a larger industrial campus that came online last year. Image courtesy of Dalfen Industrial Dalfen Industrial has sold Building 100 within Midpoint Florida Logistics Center, a 423,000-square-foot industrial facility in Auburndale, Fla. The State of Florida acquired the asset. The city’s Division of Emergency Management is planning to […]

Retail landlords can find some good news in JLL’s United States Retail Outlook for the second quarter. Retail net absorption increased 75.4 percent quarter-over-quarter to 7.7 million square feet, particularly in community centers, lifestyle centers and Class C malls. Tenants are quick to lease available space. Rents are increasing and Gen Z consumers are becoming […]

Skanska has signed a contract with clinical research company Medpace to construct a new nine-story, 562,000-square-foot office development for $164 million, as part of a two-building $327 million expansion of its corporate campus in Cincinnati’s Madisonville neighborhood. Skanska is building a nine-story, 562,000-square-foot office building as part of the Medpace campus expansion in Cincinnati. Image […]

HanesBrands Inc. has leased about 122,600 square feet at the 224,900-square-foot Park Building in Winston-Salem, N.C. The company will be relocating its headquarters to the property, which is at 101 N. Cherry St. in downtown Winston-Salem. HanesBrands Inc. is relocating its headquarters to 101 N. Cherry in Winston-Salem, N.C. Image courtesy of CBRE The seven-story […]

Welcome back to Sustainability Street, our podcast on the intersection of commercial real estate and the world we live in. For this episode, my guest is CRE Finance Council Managing Director Saraih Burki, who heads Regulatory Affairs and Sustainability for the organization. Burki and I discuss how CREFC’s Sustainability Initiative is helping members make sense […]

In an $81.5 million deal, Cannae Partners and Blue Vista Capital Management have sold the Silicon Valley Innovation Hub in San Jose. The building is fully leased to Merck. The buyer, Klein Investments Family Limited Partnership, was represented by Michael Hartel and Nick Velasquez of Colliers International. Merck is the sole tenant at this R&D […]

Seaport Innovation Center, located at 15 Necco St. Image courtesy of Alexandria Real Estate Equities Inc. Pharma powerhouse Eli Lilly and Co. has opened its Lilly Seaport Innovation Center, a research and development facility in the Boston Seaport, as was reported by Citybiz on Tuesday. Lilly Seaport Innovation Center occupies a 12-story, 346,000-square-foot building developed […]

Phoenix is slated to become one of the world’s largest data center markets. And a $20 billion, 1,700-acre campus project in the metro’s West Valley is key for this outcome. Tract is also building a data center campus in Storey County, Nev. Image courtesy of Tract Denver-based developer Tract advanced the plan behind what would […]