Month: November 2024

Jonathan Gray, president & COO of Blackstone. Image courtesy of Blackstone Blackstone Real Estate Partners X has entered an agreement with Retail Opportunity Investments Corp. to acquire all of its outstanding common shares and debt for $4 billion. The deal is set to be an all-cash transaction and represents a 34 percent premium of ROIC’s […]

The facility’s roof features 45-mil mechanically fastened TPO while the floors consist of an 8-inch, 4,000-psi unreinforced concrete slab. Image courtesy of Colliers Red Rock Development wrapped up construction on a Class A, 519,792-square-foot speculative distribution facility in Gaston, S.C. The building is expandable to some 1.2 million square feet. Colliers markets the property for […]

Westgate Medical Center, located in Brentwood, Tenn. Image courtesy of Avison Young The health-care industry is as strong as ever, with demand for both elective and non-elective outpatient care and employment increasing substantially during the past several years. According to a September report from Savills, outpatient volumes are expected to increase by more than one-quarter […]

Alternative investment firm Stonepeak, specializing in infrastructure and real assets, has acquired nine logistics properties totaling 1.8 million square feet near the Port of Jacksonville in Jacksonville, Fla. In an earlier transaction this year, Stonepeak has acquired Alliance Gateway 61 and Alliance Gateway 53 in Fort Worth, Texas. Image courtesy of Stonepeak This shipping market […]

The Bricken Arcade is a 149,000-square-foot, 1928-built mid-rise office building in Manhattan’s Garment District. Image courtesy of CBRE Rosen Equities has signed a 10,035-square-foot lease at The Bricken Arcade, its 149,000-square-foot office building in Manhattan’s Garment District. Junior Achievement of New York, a local affiliate of Junior Achievement USA, will occupy the entire second floor […]

Welcome back to Sustainability Street, our podcast on the intersection of commercial real estate and the world we live in. For this episode, my guests—Sairah Burki, managing director & head of Regulatory Affairs & Sustainability at the Commercial Real Estate Finance Council, and David McCarthy, CREFC managing director & head of Legislative Affairs—delve into the […]

Pattillo Industrial Real Estate owns the building at 575 Wharton Drive SW, having acquired it in 2018. Photo courtesy of CommercialEdge SHIFT will open its first location in Atlanta on Nov. 19, within the industrial asset at 575 Wharton Drive SW in the South Fulton neighborhood. The co-warehousing provider aims to meet growing local demand […]

The office high-rise dubbed 24th at Camelback II came online in 2009. Image courtesy of CommercialEdge In the largest Greater Phoenix office sale of the year so far, Wide Open Excursions—a leisure service provider—acquired 24th at Camelback II for $97.9 million, public records show. Hines sold the 306,877-square-foot Class A asset with the assistance of […]

North America experienced a modest 0.4 percent increase in the net effective fit-out costs for office spaces in the third quarter, according to a new report from Savills. The region also saw a slight dip in gross rents this past quarter, with a -0.9 percent decrease, primarily influenced by several East Coast markets. However, rents […]

Josh Stoffregen-Foye, CBRE Investment Management’s global head of media relations moderates the third installment with Sabina Reeves, Achal Gandhi, Joseph Smith and Diann Hsueh. Photo courtesy of CBRE Investment Management While harboring consistently optimistic views on the economy, panelists at a CBRE Investment Management press conference acknowledged some of the sector’s structural challenges around capital […]

The recently upgraded office building at 1400 Morris Drive is part of a 1.1 million-square-foot campus. Image courtesy of Rubenstein Partners Rubenstein Partners has added Arcfield as a tenant at Chesterbrook Corporate Center, a 14-building office campus totaling 1.1 million square feet in Wayne, Pa. The government technology and mission support provider signed a 36,000-square-foot, […]

Accesso has added green spaces to many of its buildings and features such as walking or bike paths to accommodate office users’ need to spend more time outside, according to Bentata. Image courtesy of Accesso Partners Many office property owners today are reimagining workspaces not only to boost users’ creativity, support their mental and physical […]

Interstate West – Building A. Image courtesy of JLL Capital Markets READ THE DIGEST !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}(); !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}(); To have your commercial real estate transaction featured, submit details to Agota Felhazi at [email protected]. Read the November 2024 issue of CPE. The […]