Month: March 2025

Penzance has acquired Gateway & Linden, a six-building industrial portfolio totaling 212,086 square feet in Manassas, Va. A partnership owned by Davin Holdings and The Davis Cos. sold the properties for $55 million. Gateway & Linden, a six-building industrial portfolio totaling 212,086 square feet in Manassas, Va. Image courtesy of Penzance The portfolio consists of […]

Lincoln Logistics Rockland includes 36-foot clear heights, ample column spacing and a built-to-suit office component. Image courtesy of Lincoln Equities Group Lincoln Equities Group has signed a 109,450-square-foot long-term lease at its Lincoln Logistics Rockland, an industrial facility in Valley Cottage, N.Y. The tenant is National Ramp, a residential and commercial modular ramping provider, that […]

Blackstone President & COO Jonathan Gray. Last month the company took Retail Opportunity Investment Corp. private. Photo courtesy of Blackstone Blackstone has closed an $8 billion real estate debt fund, the firm said on Friday. The vehicle is only the second of its kind to secure a total capital commitment of that size. Blackstone Real […]

Basis Investment Group and Lion Creek Real Estate Capital have formed a partnership called BIG Lion. Under the terms of the deal, Lion Creek will originate commercial real estate debt and equity investments for Basis, which will then perform due diligence, underwrite, close and manage the assets. Tammy Jones, Co-Founder & CEO, Basis Investment Group. […]

Brookfield’s Michael Daschle speaking at NYU Schack’s Annual Conference on Sustainable Real Estate. Also pictured (L to R): National Grid’s Donald Chahbazpour, NYSERDA’s Michael Reed and Hines’ Benjamin Rodney. Photo by Therese Fitzgerald Despite advances in sustainable technologies and renewables, efficient efficiency is remains the primary goal for property owners and an increasing challenge as […]

For the first time, Northern Virginia is not the preeminent location for data center absorption, according to a new report from CBRE. Atlanta is the new leader in the amount of space leased compared to the amount vacated, achieving 705.8 megawatts of positive net absorption in 2024, according to the firm’s North American data center […]

Aerial view of data centers in Ashburn, Va. Photo by Gerville/iStock Over the last decade, state and local governments have welcomed data centers with open arms by creating massive subsidies and tax incentives for them. According to NAIOP, 36 states currently offer incentives for data centers as a way of boosting their economies and increasing […]

Jeff Furber recently assumed the role of chairman at Brasa Capital Management. Furber was previously CEO at AEW Capital Management. Image courtesy of Brasa Capital Management Brasa Capital Management has closed its third and largest real estate fund, Brasa Real Estate Fund III, with $582 million in equity commitments. This marks an approximately 30 percent […]

Advance Auto Parts Tower rises 20 stories in Raleigh’s North Hills submarket. Image courtesy of CommercialEdge Highwoods Properties Inc. has agreed to acquire Advance Auto Parts Tower, a 20-story, Class A+ office asset in Raleigh, N.C. The Triangle Business Journal identified the owner as Lionstone Investments, which developed the building in partnership with Kane Realty […]

Medical outpatient buildings are poised for double-digit growth, according to JLL’s latest research. A surge in outpatient demand, spurred by an aging population with even greater health-care services needs and increasing disease prevalence, puts outpatient volumes in the U.S. on track to grow by 10.6 percent over the next five years. JLL’s report indicates limited […]

RSM Plaza includes two 20-story buildings and was last upgraded in 2018. Image courtesy of Transwestern Real Estate Services Golub & Co. has signed a 12,277-square-foot lease at RSM Plaza, a 415,824-square-foot office complex in Minneapolis’ central business district. Transwestern Real Estate Services worked on behalf of the landlord, while IAG Commercial Real Estate represented […]

When complete, I-84 Orange County Logistics Center will feature 36-foot clear ceiling heights, 31 dock doors and two drive-in doors. Image courtesy of Ridgecut Road Ridgecut Road, a real estate investment firm focused on the Northeast market, will soon break ground on I-84 Orange County Logistics Center, a 146,075-square-foot industrial project in Montgomery, N.Y. Pratt […]

Completions in the office sector in 2024 totaled 43.2 million square feet, the lowest annual total since 2013. The reduction in construction activity comes as a result of slow leasing, tougher to secure construction financing, increased interest rates and shifts involving remote and hybrid work. The amount of delivered office space in 2023 was at […]

Inwood Design Center’s 14 buildings debuted between 1961 and 1978. Image courtesy of M2G Ventures M2G Ventures has purchased Inwood Design Center, a 14-building, 740,000-square-foot, mixed-use asset in Dallas including retail, showroom and light industrial space. Hines previously owned the park, according to CommercialEdge information. Hines had acquired the campus in 2019 from Vantage Cos., […]

Washington Square will undergo another transformation, its new owner planning to revitalize the entire property. Image courtesy of Brixton Capital Brixton Capital has purchased Washington Square, a 215,506-square-foot shopping center in Petaluma, Calif., for $67.5 million. Paragon Commercial Group sold the asset in a transaction arranged by JLL. Paragon had acquired the retail center from […]

To start with some of the big numbers, the early January fires in the Los Angeles region—the most damaging ones in U.S. history—caused at least an estimated $250 billion, only roughly $30 billion to $45 billion of which will be covered by insurance. Put another way, even that conservative estimate of the economic damage adds […]