Month: August 2024

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 […]

Investment giant Jamestown is acquiring the Atlanta subsidiary of North American Properties, which has about $2 billion in assets under management. This local branch owns and operates mixed-use properties in Eastern U.S. suburban markets. Three of the nine North American Properties involved in the sale to Jamestown. Image courtesy of Jamestown Jamestown, which has $11.7 […]

The U.S. industrial sector showed slowing signs in the first six months of 2024. Construction starts fell to less than half of completions, with 97.8 million square feet of industrial space underway, according to CommercialEdge. Following two years of record activity, the top markets for industrial deliveries saw activity decelerate and new supply is expected […]

The multifamily and industrial sectors continue to attract capital due to their long-term fundamentals, said Maier. Image courtesy of Baker Tilly The CRE market continues to face its own share of challenges, with high interest rates and debt concerns stubbornly dominating the landscape. In this context, it’s important to highlight that there are reasons for […]

The office building served as a warehouse before its redevelopment in 1989. Image courtesy of CommercialEdge An entity associated with Menashe Properties has acquired Montgomery Park, a 768,443-square-foot office building in Portland, Ore. Natixis sold the asset for $33 million, Multnomah County records show, in a deal arranged by Newmark. Unico Properties and Partners Group […]

The Smith Tower dates back to the 1910s. Image courtesy of Freestone Capital Management The Smith Tower, built more than a century ago as the first skyscraper in Seattle, has changed hands. A group of local investors led by GT Capital bought it from Goldman Sachs, according to CommercialEdge information. The property rises 42 stories […]

Jason Dannatt, founder of Commercial Resource Capital, which has merged with the Houston office of Lee & Associates. Commercial real estate services firm Lee & Associates – Houston has acquired Commercial Resource Capital. The mortgage banking and real estate investment services company is also Houston-based. The merger will allow Lee & Associates – Houston to […]

The joint venture’s first acquisition involved an 86,000-square-foot medical office building at 9377 E. Bell Road in Scottsdale, Ariz. Image courtesy of CBRE Investment Banking. Four months after announcing a joint venture aimed at acquiring up to $300 million in medical office assets across the Sun Belt, Cypress West Partners and TPG Angelo Gordon have […]

Magna’s manufacturing facility features 41 dock-high loading doors and six drive-in doors, as well as 36-foot clear heights. Image courtesy of the Greater Phoenix Economic Council One of North America’s largest automotive suppliers, Magna Steyr, is extending its manufacturing capacity with a 230,000-square-foot facility in Mesa, Ariz., within Power Industrial Park. Magna leased the building […]

RL Cold’s facility will include a 5,000-square-foot storage mezzanine, among other features. Image courtesy of Greek Design|Build The joint venture of RealtyLink LLC division RL Cold and BentallGreenOak has broken ground on a 215,766-square-foot speculative cold storage warehouse in Mount Laurel, N.J. Greek Design|Build, of East Brunswick, N.J., serves as general contractor. Completion is expected […]

Perimeter Town Center comprises three medical office buildings. Image courtesy of JLL Harrison Street and Ackerman & Co. have refinanced Perimeter Town Center, a 274,284-square-foot medical office building portfolio in Sandy Springs, Ga. Mesa West Capital provided the three-year, $51.3 million loan, according to Fulton County records. JLL worked on behalf of the borrower. The […]

The office property at 9501 E. Shea Blvd. came online in 1977. Image courtesy of CommercialEdge In the latest of a string of dispositions, Net Lease Office Properties has sold a 354,000-square-foot office building in metro Phoenix to an unspecified buyer for $71.5 million. Proceeds will be used to repay about $55 million on the asset’s […]

Chula Vista Medical Arts I came online in 1973 and underwent cosmetic renovation in 2013. Image courtesy of CommercialEdge Turner Impact Capital’s Healthcare Facilities Fund has received $29.1 million in financing for Chula Vista Medical Arts I, a 64,231-square-foot medical office building in Chula Vista, Calif. Siemens Financial Services provided the loan, with a maturity […]

The 100,455-square-foot property includes two single-story office buildings . Image courtesy of JLL Capital Markets River Rise Capital has purchased Rampart Center, a 100,455-square-foot two-building office campus in Englewood, Colo., within Denver’s Centennial submarket. The property traded for $18 million. JLL Capital Markets negotiated on behalf of the seller, Libitzky Property Cos. The property is […]

Shlomi Ronen of Dekel Capital Commercial mortgage-backed securities are having a banner year in terms of originations. Through the first half of the year, lenders securitized $42.29 billion of loans surpassing the total securitization volume of 2023, according to Trepp. There are multiple factors that are driving CMBS demand, but first allow me to provide […]

Germany-based Commerz Real AG, part of Commerzbank Group, has landed a full-floor lease at 1900 North St., a 256,000-square-foot Class A office building in Washington, D.C. JLL negotiated on behalf of the landlord, while Savills represented the tenant, law firm Brown Rudnick. 1900 North St. includes a column-free, three-story lobby. Image courtesy of JLL The […]

Jason Muss, Muss Development, Jay Johnson, JLL, and Michael Cohen, Williams Equities Health trends come and go. And with them, demand for medical office space shifts. Certain markets are known for hosting certain types of health-care professionals. As such, medical office real estate trends across the nation look a bit different from place to place. […]