Month: March 2025

OrthoIndy South came online in 2010 less than 13 miles from downtown Indianapolis. Image courtesy of CommercialEdge OrthoIndy has obtained $45 million for the refinancing of OrthoIndy South, a 77,600-square-foot medical office building in Greenwood, Ind., according to CommercialEdge information. Webster Bank provided the permanent loan. The company acquired the facility in January 2020 for […]

Values shown are average by property type. As of March 14, 2025. Source: S&P Global Market Intelligence As of March 14, publicly traded U.S. equity REITs posted a one-year average dividend yield of 3.91 percent. The office REIT sector recorded the highest one-year average dividend yield among this group, at 4.97 percent, outperforming the broader […]

The portfolio is spread across seven metropolitan areas. Image courtesy of Clarion Partners Outour Storage Investments and affiliates of Cerberus Capital Management have secured a first mortgage loan for a 2.3 million-square-foot portfolio of eight industrial outdoor storage facilities spread throughout seven metropolitan areas. Franklin Templeton’s Clarion Partners Real Estate Income Fund issued the loan. […]

Related Cos. has launched Related Digital, a data center construction and investment platform with a near-term $45 billion development pipeline. Related Digital will specialize in digital infrastructure for artificial intelligence and cloud hyperscale technology companies. Related Cos. launches Related Digital, a data center development and investment platform with a near-term $45 billion pipeline. Image courtesy of […]

1211 Sixth Ave. in Midtown Manhattan. Image courtesy of CommercialEdge The next few months could be challenging for the owners of Midtown Manhattan trophy tower 1211 Sixth Ave.—Ivanhoé Cambridge, the global real estate group of Canadian pension fund CDPQ, and RXR. Fox Corp. is planning to vacate about 330,000 square feet of space at the […]

Word of mouth? Job sites? Career fairs? What are some of the best ways to market open positions in the commercial real estate industry to make sure you attract the most qualified people? This month, the CPE Executive Council shares some of their most effective practices. Carrie Szarzynski Getting Out There We post job openings […]

Month-over-month office foot traffic decline percentages. Source: Placer.ai While headlines trumpeting an imminent return to traditional office life fueled by corporate mandates have become increasingly common in recent months, ground-level data reveals a more complex reality. Office building foot traffic indicates that the office recovery has slowed, with February visits down by 36.3 percent compared to pre-pandemic […]

Kittrich LLC has signed a long-term lease renewal with SkyREM at 5070 Phillip Lee Drive, a 400,800-square-foot in-fill industrial property in Atlanta’s Fulton submarket. Kittrich LLC has signed a long-term lease renewal with SkyREM at 5070 Phillip Lee Drive in Atlanta. Image courtesy of SkyREM The property will receive significant capital improvements funded by SkyREM, […]

The retail space where ShopRite is scheduled to open was formerly occupied by a SuperFresh supermarket. Image courtesy of Levin Management Corp. Wakefern Food Corp. has signed a 62,000-square-foot anchor lease at Savo Brothers’ Evergreen Plaza shopping center in Staten Island, N.Y. Levin Management Corp. represented the landlord. The supermarket cooperative plans to open a […]

United Airlines has broken ground on a 140,000-square-foot ground service equipment maintenance facility at George Bush Intercontinental Airport in Houston, and opened a new Technical Operations Training Center at the airport. United Airlines breaks ground on new $177 million ground service equipment facility. Image courtesy of United Airlines Slated for completion in 2027, the $177 million GSE […]

The property features 32-foot clear heights, 111 dock doors and ample parking. Image courtesy of CommercialEdge Sealy & Co. has purchased Inland Port IV, a 575,154-square-foot industrial building within Logistics Park Kansas City, a master-planned campus in Edgerton, Kan. Newmark arranged the transaction. Ares Management previously owned the Class A property, CommercialEdge shows. The firm […]

The commercial real estate industry values and celebrates how people and purpose make work happen, according to Wiley. Image courtesy of CoreNet Global The White House executive order that eliminates diversity, equity and inclusion programs within the Federal government has a powerful impact on private entities, too. In the commercial real estate industry specifically, almost […]

The 19-story tower is the tallest building at the 90-acre Granite Park campus. Image courtesy of Granite Properties Simpson Strong-Tie Inc. has signed a 38,372-square-foot lease at Granite Park Six in Plano, Texas. CBRE assisted the tenant in the negotiations, while owner Granite Properties had in-house representation.  The structural engineering firm will occupy a floor […]

Building 400 has 36-foot clear heights, four grade-level doors and 95 dock-high doors. Image courtesy of Stonemont Financial Group Stonemont Financial Group has sold Lakeland Commerce Center’s Building 400, a 348,740-square-foot industrial facility in the Tampa, Fla., submarket of Lakeland. A client advised by MetLife Investment Management acquired the property. In October, Stonemont leased the […]

Rendering of 2700 York Road, which will include two drive-in doors and 124 parking spots. Image courtesy of Logistics Property Co. Logistics Property Co. has purchased a nearly 6-acre site in Elk Grove Village, Ill., with plans to start construction on an industrial development in May. The site is just west of Chicago O’Hare International […]