Category: Real Estate

Affinius Capital LLC has originated an $82.3 million loan to finance the development of Eastport Logistics Park, a master-planned four-building, 890,000-square-foot Class A industrial development in Jacksonville, Fla. Eastport Logistics Park in Jacksonville will initially include four buildings totaling 890,000 square feet. Image courtesy of RE BackOffice The borrower was a joint venture of InLight […]

Prologis has assigned to Colliers South Florida the leasing of its Prologis Miami International Tradeport, a 10-building, 1.7 million-square-foot master-planned Class A business park in the Medley submarket of Miami-Dade. Miami International Tradeport comprises 10 Class A buildings in Medley, Fla. Image courtesy of Colliers Miami International Tradeport is at 11130-11450 N.W. 122nd St. in […]

The SCHEELS store in Wauwatosa will be the company’s 36th location nationwide. Image courtesy of SCHEELS SCHEELS has signed a 210,000-square-foot lease at Brookfield Properties’ Mayfair Mall, a 1.2 million-square-foot property in Wauwatosa, Wis. The vacant space will undergo a full renovation and expansion before the opening of the new store, set for the spring […]

600 Third Ave. is a 42-story Midtown East office tower. Image courtesy of L&L Holding Co. Aaronson Rappaport Feinstein & Deutsch LLP has decided to have its headquarters remain at the Grand Central district tower through at least 2042, having signed a 15-year lease extension with L&L Holding Co. The space totals 55,269 square feet […]

Red Mountain Group Inc. has purchased Century Square, a 415,613-square-foot shopping center in West Mifflin. This marks the company’s first acquisition in western Pennsylvania. A private owner sold the asset, according to CommercialEdge information. Century Square occupies roughly 64 acres some 10 miles from downtown Pittsburgh. Image courtesy of Red Mountain Group Inc. Completed in 1990, […]

Riverside University Health System and health-care real estate developer PMB have topped off their $580 million, 450,000-square-foot project in Mead Valley, Calif., that will integrate behavioral health treatment with medical care and social services. The public-private partnership broke ground on The Wellness Village in the Inland Empire region in June 2024, with construction work slated […]

Josh Stoffregen-Foye, CBRE Investment Management’s global head of media relations moderates the discussion between Wei Luo, Bernie McNamara, Robert Shaw, Lucy Fletcher and Liz Troni. Photo courtesy of CBRE Investment Management Demographics, deglobalization, digitization and decarbonization—four trends described by panelists at a CBRE Investment Management press conference as underlining any worthwhile investment during what many […]

TPG Angelo Gordon also formed a joint venture with Cypress West to purchase MOB assets. Last month, the duo bought the Tennessee property pictured above. Image courtesy of TPG Angelo Gordon and Cypress West A joint venture between Altera Fund and TPG Angelo Gordon purchased a 10-asset medical office portfolio for $108 million. NHP sold […]

Originally built as a school in 1942, Rampart Medical Campus comprises two three-story buildings. Image courtesy of Echo Real Estate Capital Echo Real Estate Capital Inc. has acquired Rampart Medical Campus, a two-building, 71,000-square-foot property in Denver. Healthcare Realty Trust sold the asset with the assistance of CBRE.  The property changed hands for $8.6 million, […]

Laredo Pinnacle Development II will feature ample trailer storage, allowing for fast and efficient deliveries and shipments. Image courtesy of Standard Real Estate Investment Partners and Brennan Investment Group Standard Real Estate Investment Partners has joined forces with Brennan Investment Group to build Laredo Pinnacle Development II, a 433,000-square-foot industrial project in Laredo, Texas. The […]

American Real Estate Partners has closed its fourth real estate GP fund, AREP Strategic Opportunity Fund IV at $309 million in equity commitments. Rendering of Kentucky’s first hyperscale data center campus being developed by Poe Cos. and PowerHouse Data Centers. Image courtesy of PowerHouse Data Centers AREP stated that the amount reflects “significant growth” since […]

Therese Fitzgerald During the very last session of last week’s MBA-CREF conference, an audience member asked a question that got a big reaction from the panelists: How important is it for the Federal Reserve and its chairman, Jerome Powell, to remain independent of the president and of Congress? The consensus among the panelists was it’s […]

Dominated by the industrial and logistics sector, net lease investment volume increased by 19 percent quarter-over-quarter and 57 percent year-over-year in the fourth quarter of 2024, reaching $13.7 billion, according to a new report from CBRE. That quarter helped to create a 13 percent increase in full-year 2024 net lease investment volume, totaling $43.7 billion. […]

Deborah Harmon, founder of Artemis Real Estate Partners. Image courtesy of Artemis Barings LLC has agreed to acquire Artemis Real Estate Partners, the companies announced on Wednesday morning. The sale is expected to close during the first quarter. According to reporting from Private Equity Real Estate, the merger was in negotiation for more than a […]

New York’s city council has voted to approve the Science Park and Research Campus Kips Bay and Innovation East life science projects, as announced by the New York City Economic Development Corp. The Science Park and Research Campus (SPARC) Kips Bay will be a first-of-its-kind job and education center in the heart of New York […]

The five-building Crenshaw Plaza occupies a 5-acre site. Image courtesy of JLL The principals of 21 Alpha Group and Intelligent Design Real Estate have obtained $32 million in senior financing through Forbright Bank for Crenshaw Plaza, a 146,901-square-foot grocery-anchored retail center in Los Angeles. JLL arranged the three-year, floating-rate loan. Proceeds will refinance existing debt, pay […]

The office building at 401 E. Las Olas Blvd. rises 23 stories in Fort Lauderdale, Fla.’s financial district. Image courtesy of Square2 Capital The partnership of Highline Real Estate Capital, Square2 Capital and Lone Star Funds has acquired 401 E. Las Olas Blvd. in Fort Lauderdale, Fla.’s financial district. CBRE represented the seller of the […]

The office building at 505 N. Brand Blvd. rises 16 stories. Image courtesy of Newmark Landrock LP and Pendulum Property Partners have acquired a 16-story, 329,431-square-foot trophy office tower in Glendale, Calif. The Class A asset changed hands at a significant discount from its previous sale, in a deal arranged by Newmark. Goldman Sachs Asset […]

Pinecrest is a prime upscale destination and the only market presence for several brands, including Alo Yoga, UNTUCKit, Madewell, Indochino, Williams-Sonoma, Pottery Barn and REI. Image courtesy of Tanger Major outlet center owner Tanger has acquired another high-end shopping center. The 640,000-square-foot Pinecrest Mall is an open-air, grocery-anchored, mixed-use property in Orange, Ohio, part of […]

The building at 25 Market St. has an interior clear height of 40 feet. Image courtesy of Crow Holdings Development MLB Network is planning to move all operations to 25 Market St. in Elmwood Park, N.J. The content platform of Major League Baseball will occupy the entire 207,000-square-foot building that was developed by Crow Holdings […]

Harbor Logistics Center has 36-foot clear heights, 17 dock-high doors and two grade-level doors. Image courtesy of Kearny Real Estate Kearny Real Estate Co. and Dune Real Estate Partners have completed Harbor Logistics Center, a 163,000-square-foot Class A industrial facility in Santa Ana, Calif. The warehouse came online on the site of a former 200,000-square-foot […]

Welcome back to Sustainability Street, our podcast on the intersection of commercial real estate and the world we live in. Last month, I chatted with Elizabeth Beardsley, senior policy counsel for the U.S. Green Building Council, about the state of climate action in the U.S. and globally. Despite concerns that our next president would be […]

The industrial facility at 50 Innovation Drive is a former Lowe’s distribution center. Image courtesy of JLL LBA Logistics has purchased a 491,329-square-foot Class A industrial building in Port Wentworth, Ga., within metro Savannah. Lowe’s sold the asset for $46 million, according to CommercialEdge data. JLL represented the seller, which was also the former tenant. […]

Stark Office Suites occupies the entire 22nd and 23rd floors at the Manhattan high-rise. Image courtesy of Stark Office Suites Stark Office Suites has extended its lease at Jack Resnick & Sons’ 110 E 59th St. in Manhattan by 10 years. The flexible shared office space provider occupies the building’s 22nd and 23rd floors.  Along […]

An aerial view of the three light industrial assets in Valley Cottage, N.Y., in Rockland County, N.Y. Image courtesy of JLL A three-building, 261,950-square-foot light industrial portfolio in the New York metro’s Rockland County has changed hands for approximately $62.8 million after nearly four years of ownership by Lincoln Equities Group and PCCP. Invesco Real […]

The office building at 515 Post Oak Blvd. rises 12 stories in Houston’s Galleria submarket. Image courtesy of JLL New York Life Real Estate Investors has sold 515 Post Oak, a 274,583-square-foot, Class A office building in Houston, to Dallas-based EY Ventures LLC. JLL worked on behalf of the seller and procured the buyer.  New […]

Gordon Huether Public art is generally defined as “artwork created for the general public and placed in the public realm, regardless of commissioning agency or funding source.” The practice has a long history in the U.S., gradually evolving as developers, artists, architects and commissioning groups now collaborate to create public art. With the right approach, […]

Ivanhoé Cambridge, the real estate group of CDPQ, has refinanced its 42-story trophy office tower at 3 Bryant Park in Midtown Manhattan, to the tune of $1.12 billion. JLL’s Capital Markets group arranged the funding. 3 Bryant Park is a 42-story trophy office tower in Midtown Manhattan. Image by C. Taylor Crothers, courtesy of JLL […]

MBA Associate Vice President Commercial/Multifamily Research Reggie Booker Origination figures released yesterday by the Mortgage Bankers Association show lending is rebounding despite higher-for-longer rates and global and domestic uncertainties.   In MBA’s Commercial/Multifamily Mortgage Originations Index, Q4 2024 originations were 84 percent higher than Q4 2023’s and 30 percent more than last year’s Q3. MBA’s […]

Washington, D.C.’s office sector ended last year with mixed fundamentals, according to the latest CommercialEdge data. The investment sector saw heightened activity compared to 2023, as the capital recorded a 19.8 percent year-over-year increase in transaction volume. As vacancy rates climbed, loan delinquencies rose, and property values dropped through the year, landlords have increasingly been […]

Jonathan Gray, president & COO of Blackstone. Image courtesy of Blackstone Retail Opportunity Investments Corp.’s shareholders have approved the proposed merger with Blackstone Real Estate Partners X. The all-cash deal, valued at about $4 billion, is expected to close this week. ROIC and Blackstone affiliates had entered the merger agreement back in November, under which […]

The industrial sector is transitioning from its pandemic-driven boom, with 2025 expected to bring further adjustments, according to the latest CommercialEdge office report. In 2025, development is focusing more on manufacturing and data centers than on warehouse and distribution space. Image by wir0man/iStockphoto.com After a surge in development that added over 1.1 billion square feet […]

Scannell Properties completed Uxbridge Distribution Center in 2023. Image courtesy of Rockpoint Rockpoint continues to grow its industrial portfolio with the acquisition of Uxbridge Distribution Center, a cross-dock facility of more than 607,000 square feet in Uxbridge, Mass. Scannell Properties sold the asset for $120 million, according to the Worcester Business Journal. The publication stated […]

Amazon is one of the tenants at Beltway Crossing Northwest in Houston. Image courtesy of CommercialEdge James Campbell Co. has acquired the 663,882-square-foot Beltway Crossing Northwest industrial park in Houston. The deal also included a 7.4-acre land parcel, which may be developed into a 150,000-square-foot project. BGO previously owned the fully leased campus, CommercialEdge data […]

Westmount Realty Capital has acquired nine light industrial properties in the Chicago metropolitan area. The sellers, Unilev Capital and Mandalay Industrial, were represented by JLL in the transaction, the Chicago Business Journal reported. Westmount Realty Capital has acquired nine light industrial properties in the Chicago metro area, including 24317 W. 143rd St. in Plainfield, Ill. […]

Daisy Gauck Business owners nationally are trying a variety of approaches to balance their corporate needs with employee desires, both of which have changed in a post-Covid era. Office owners that invest in a people-first, community-focused approach in their properties have a competitive advantage over those that limit management to the basics of providing a […]

Two Baltimore-based CRE firms are now one, with privately held institutional investment management firm MCB Real Estate’s just-completed acquisition of Pinkard Properties, a specialist in asset and property management services. Pinkard co-founder Katherine Pinkard will lead the newly expanded property management division. Image courtesy of MCB Real Estate Pinkard’s 2 million square feet of office, […]

The development crew expects completion this year. Rendering courtesy of Ryan Cos. A joint venture of Ryan Cos. and Alidade Capital has broken ground on Chandler Freeways Business Park, a 190,475-square-foot industrial development in Chandler, Ariz. The duo will convert a 175,654-square-foot existing office building as part of the project. Completion is scheduled for the […]

Officials have announced a $500 million development plan for One and Two United Nations Plaza in Manhattan. Under the agreement, the United Nations has also committed to long-term leases of unspecified length at the properties. One United Nations Plaza was built in the 1970s. Image courtesy of CommercialEdge The redevelopment is being financed by the […]

Therese Fitzgerald Over the past decade, green financing for commercial real estate has been growing steadily. There are now a variety of debt instruments that allow property owners and developers to access capital for the purpose of making properties eco-friendlier and more resilient. Tax credits for certain green investments are another financing tool. And that […]

Hopewell Development teamed up with GTIS Partners to build Champions Circle Business Park in 2021. Image courtesy of Hopewell Development A joint venture of GTIS Partners and Hopewell Development has sold Champions Circle Business Park, a 361,040-square-foot industrial campus in Fort Worth, Texas. Stonelake Capital Partners acquired the asset, according to CommercialEdge data. The duo […]

The Food Lion grocery store at Eastway Square has recently undergone interior and exterior renovations. Image courtesy of Westwood Financial Westwood Financial has purchased Eastway Square, a 130,156-square-foot shopping center in Charlotte, N.C., from New Forum Partners. Berkley Capital Advisors arranged the sale. The property has been under New Forum Partners’ ownership since 2020, when […]

Last July, Heitman teamed up with Catalyst Healthcare Real Estate in a $300 million joint venture targeting medical office developments with diverse tenants, including Andrews Medicine. Image courtesy of Newmark Heitman has closed its Real Estate Debt Partners III fund with $806 million in capital commitments, surpassing the $600 million target. The investment vehicle will […]

You can also read our other Mortgage Banking Firms rankings. Includes all originations, both as an intermediary and a direct lender, between 10/01/2023 and 09/30/2024. Financing Types: D=Debt, E=Equity, H=Hybrid, X=Other Property Sectors: O=Office, I=Industrial, R=Retail, M=Multifamily, Ho=Hospitality, He=Health care, X = Other Though we make every effort to include all major commercial lenders, several […]

The 22-story mixed-use Radio Tower in Washington Heights came online in 2022. Image courtesy of CommercialEdge Oncology practice New York Cancer & Blood Specialists has signed a 35,469-square-foot lease at Youngwoo & Associates’ Radio Tower in New York City’s Washington Heights. The tenant will occupy the entire eighth, ninth and eleventh floors at the property […]

Among commercial property investors, interest in industrial assets declined somewhat in 2024, while a stronger focus on data centers, and even a modest rebound in office, were clear trends during the year, according to the latest DLA Piper real estate report. The most favored property type remained residential. In preparing the report, the law firm analyzed […]

The three-story 2701 San Tomas Expressway is one of the four office buildings NVIDIA has occupied since April 2010. Image courtesy of CommercialEdge NVIDIA is expanding its Silicon Valley office holdings. The firm intends to buy from The Sobrato Organization a 500,000-square-foot campus located across the road from its headquarters, according to SiliconValley.com. NVIDIA has […]

Several Ben E. Keith Foods executives attended the groundbreaking ceremony for the upcoming distribution center in Alachua, Fla. Image courtesy of Ben E. Keith Foods Ben E. Keith Foods has started construction on a 707,000-square-foot distribution center in Alachua, Fla. The project is expected to reach completion by fall 2026. The warehouse is taking shape […]

In 2024, Atlanta’s industrial sector showed continued growth, with both transaction activity and its pipeline posting growth on a year-over-year basis. As of December, the metro had an annual total of nearly $2 billion in sales. The Broe Group is developing a 225,000-square-foot industrial facility that will have rail service. Image courtesy of The Broe […]

The property at 6000 Old Concord Road is fully occupied. Image courtesy of Avison Young Stonelake Capital Partners has purchased a 123,140-square-foot industrial building in Charlotte, N.C. Albany, N.Y.-based Steins Fiber sold the property for $13.5 million, Mecklenburg County public records show. Avison Young arranged the transaction on behalf of the buyer, while Piedmont Properties […]

Goldie Wolfe Miller accepts CPE’s lifetime achievement award and delivers an empowering speech. Goldie Wolfe Miller, the winner of the 2024 CPE Lifetime Achievement Award, is a name and a legacy that is renowned in the commercial real estate industry. Praised not only for her career achievements but also for her extensive advocacy and philanthropic […]

On Jan. 30, CPE hosted its 18th annual Influence Awards ceremony, which honored some of the past year’s most notable commercial developments, business strategies and professionals. The virtual event awarded 50 Gold, Silver, Bronze and Honorable Mention awards across 26 different categories. Goldie Wolfe Miller, founder of the Goldie B. Wolfe Miller Women Leaders in […]

Spectrum Reach is relocating its headquarters to two full floors at Rudin’s 3 Times Square in an 11-year deal. Image courtesy of Rudin Rudin has secured another agreement for its 3 Times Square building in Midtown Manhattan, signing Spectrum Reach to an 11-year lease. The company will take over the 26th and 27th floors of […]

Fed Chair Jerome Powell speaks at the Jan. 29 press conference. Screenshot by Gabriel Frank In its first meeting of 2025, the Federal Reserve Open Markets Committee voted to pause on changes to its interest rate policy, keeping the current target range at 4.25 to 4.5 percent. Announced on Wednesday afternoon, the widely expected decision […]

The new manufacturing facility represents Nestle USA’s 20th food and beverage factory. Image courtesy of Nestle Nestle USA has opened its new beverage factory and distribution center in Glendale, Ariz., a 630,000-square-foot facility. The company broke ground on the $675 million project in 2022. Initially, Nestle wanted to construct the facility within the 1,340-acre Woolf Logistics […]

Source: CommercialEdge, a Yardi Systems company In the last quarter of 2024, office sales totaled $9.1 billion with 365 transactions closing, totaling 46.9 million square feet, according to the latest CommercialEdge data. When compared to the previous quarter, there was a 37.1 percent decline in sales count nationally and a 25.3 percent drop in square […]

The 12-story Wynwood Plaza office tower is set to come online in the next months. Image by Gensler, courtesy of L&L Holding Co. In the largest office lease ever recorded in Miami’s Wynwood submarket, Amazon agreed to occupy 50,333 square feet at Wynwood Plaza, a 1 million-square-foot mixed-use development. L&L Holding Co. and Oak Row […]

What do you have planned for this year to advance your business? The CPE Executive Council shares their top goals. Shaun Keegan Sunny Days Our top goal for 2025: lease more than 80 million square feet of commercial rooftop space for distributed grid solar projects.  As America’s energy demands increase, commercial real estate building owners […]

AT&T and Reign Capital have nailed down an $850 million structured sale-leaseback transaction covering 74 AT&T central office facilities totaling 13 million square feet across the U.S. One of AT&T’s central offices is in Kalamazoo, Mich. Image courtesy of AT&T Even as it frees up hundreds of millions in immediate cash, the deal provides AT&T […]

KPMG Plaza rises 18 stories in Dallas’ Arts District. Image courtesy of CommercialEdge Law firm Jackson Walker LLP has extended and expanded its office footprint at Masaveu Real Estate’s KPMG Plaza in Dallas to a total of 147,915 square feet. Under the new lease, the company will occupy nearly six floors at the 500,000-square-foot property. […]

Numbers in thousands Unemployed total includes a small number of persons whose last job was in the Armed Forces. Source: Bureau of Labor Statistics From December 2023 to December 2024, the total number of jobs increased by 540,000, marking a 0.33 percent upswing in total hires. Within the same timeframe, the total number of unemployed […]

One of the Pacific Business Park’s buildings, located at 1065 American Pacific Drive. Photo courtesy of BKM Capital Partners BKM Capital Partners has expanded an existing partnership with StepStone Real Estate, the real estate arm of StepStone Group, for the $154 million recapitalization of Pacific Business Center, a 10-building 748,813-square-foot industrial project in the Las […]

John McWilliams, Cushman & Wakefield’s head of data center insights, noted that power constraints may be one of the biggest challenges to the project’s viability. Photo courtesy of Cushman & Wakefield The AI-spurring Stargate Project was front and center at the White House the day after the inauguration of President Donald Trump, but its real […]

A survey of buyer intentions in 2025 vs 2024 and 2023. Chart and data courtesy of CBRE Research More capital will be injected into the commercial real estate market this year as pricing is expected to be favorable for investors, according to a new survey from CBRE. The Investor Intentions Survey showed that interest rate […]

Source: MBA The level of commercial/multifamily mortgage debt outstanding increased by $47.7 billion (1.0 percent) in the third quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, released recently. Total commercial/multifamily mortgage debt outstanding rose to $4.75 trillion at the end of the third quarter. Multifamily mortgage debt […]

One Madison Avenue recently underwent a $2.3 billion redevelopment. Image courtesy of CommercialEdge IBM has inked a 15-year, 92,663-square-foot lease expansion at SL Green Realty Corp.’s One Madison Avenue in Manhattan. The agreement covers the property’s entire seventh floor, for which the asking rent was $110 per square foot, the Commercial Observer reported. JLL’s Vice […]

Paramount Group has sold a 45 percent stake in 900 Third Ave., a 36-story, 600,000-square-foot Class A office building in Midtown Manhattan, in a deal that valued the trophy tower at $210 million. 900 Third Ave., a 36-story Class A office building in Midtown Manhattan. Image courtesy of CommercialEdge The buyer was not identified. Paramount […]

Therese Fitzgerald It was raining executive orders on President Donald Trump’s first day in office. It remains to be seen just how much many of these—like exiting the Paris Agreement, freezing pending regulations and creating an agency to collect tariffs—will impact commercial real estate investment and finance. There is one directive from our returning leader, […]

Brennan Investment Group recapitalized its 1 million-square-foot industrial portfolio of 20 shallow-bay buildings in Moorestown, N.J., about 12 miles east of Philadelphia. Brennan Investment Group recapitalized 20 shallow-bay buildings in Moorestown, N.J., including 844 North Lenola Road. Image courtesy of Brennan Investment Group Constructed between 1984 and 2000, the properties are currently 96 percent occupied. […]

Houston’s office sector continued to show mixed signals in the fourth quarter of this year. Despite signs of improvement in vacancy, which decreased 120 basis points year-over-year as of November to 24.3 percent, there is still a large share of available space, CommercialEdge data shows. Twentyfour25 Galleria recently changed hand for $27 million, after The […]

Owned and operated by Phillips Edison & Co., the Kroger-anchored Mansell Village shopping center in Roswell, Ga., provides retail space for lease at a high-traffic intersection north of Atlanta. Image courtesy of Phillips Edison & Company The retail sector is set for yet another year of transformation as it continues to adapt to shifting consumer […]

Exterior shot of the office building at 6011 Connection Drive in Irving, Texas. Photo courtesy of Piedmont via Stream Realty Partners Piedmont Office Realty Trust has appointed Stream Realty Partners as exclusive leasing agent for The Connection, an office campus totaling 607,237 square feet in Irving, Texas. The Class A, three-building property is within the […]

Completed in 1955, One Pru was the first skyscraper built in Chicago after the Great Depression and World War II. Image courtesy of CommercialEdge The mental health company ComPsych Corp. has signed a long-term, 50,000-square-foot lease at One Pru, in downtown Chicago. The tenant will relocate from the current 152,000-square-foot space it occupies at NBC […]

The eight-story 4MLK is part of the 1.2 million-square-foot BioPark. Image courtesy of The University of Maryland, Baltimore Wexford Science & Technology and The University of Maryland, Baltimore have opened 4MLK, an eight-story, 250,000-square-foot life science building in Baltimore. The developer broke ground on the facility, which is part of the university’s BioPark, in the […]

CPP Investments and Bridge Industrial have formed a $789 million joint venture focused on industrial assets. Bridge Industrial is building Bridge Point Flagler Station in Miami. Image courtesy of Bridge Industrial Bridge Industrial has taken a 5 percent stake, while CPP Investments holds the other 95 percent. The partners aim to find properties that will […]

The 382,032-square-foot industrial facility at 11384 Progress Way is fully leased to Buske Logistics. Image courtesy of Robinson Weeks Partners Robinson Weeks Partners has acquired two industrial buildings spanning 831,974 square feet in Olive Branch, Miss., a Memphis, Tenn., submarket. Hillwood previously owned the asset duo, according to CommercialEdge data. Cushman & Wakefield represented the […]

Britannia Technology Park includes two buildings delivered in 2023 on 14 acres. Image courtesy of Cushman & Wakefield Foxx Development Inc. has signed a 102,099-square-foot, full-building expansion at Britannia Technology Park, a 203,244-square-foot industrial campus in San Diego’s Otay Mesa submarket. Hines owns the two-building property through its Hines U.S. Property Partners investment fund. Cushman […]

We’re ready to honor your achievements! The 2025 CPE Influence Awards recognize the commercial real estate industry’s most noteworthy properties, projects and transactions. Does your office have unique design elements that attract tenants? Are you the top broker at your firm? Were you able to successfully reposition a property? We want to celebrate your successes. […]

PowerHouse Data Centers and Poe Cos. have teamed up to develop a 400 megawatt data center campus in Louisville, Ky., the state’s first hyperscale complex. The project will come online in phases beginning this year, with the first 130 megawatts slated for delivery by October 2026. Kentucky’s first hyperscale data center campus being developed by […]

HJ Kalikow & Co. has owned and managed the property since 1982. Image courtesy of JLL Private equity firm Incline Equity Partners has signed a 14,198-square-foot lease at 101 Park Ave., HJ Kalikow & Co. LLC’s Midtown Manhattan tower. Incline Equity’s new space at the office building will be on the 47th floor, in addition […]

Developer Gilbane and NJ Transit Corp. are planning the development of the Beacon Building, a 500,000-square-foot, 25-story office tower in Camden, N.J. Image courtesy of Camden County Improvement Authority Developer Gilbane and NJ Transit Corp. are planning to develop a 500,000-square-foot, 25-story office building in Camden, N.J. The project is part of the $250 million […]

TECfusions, a rapidly growing provider of advanced data center solutions, plans to transform nearly 1,400 acres of a former Alcoa aluminum office and industrial property near Pittsburgh into a massive hyperscale data center campus with 500,000 square feet of space providing as much as 3 GW of capacity within six years. TECfusions Keystone Connect will […]

Completed in 2014, the distribution center is at 151 Charles F. Colton Road. Image courtesy of JLL Ares Management Real Estate has acquired a 198,720-square-foot Class A distribution center in Taunton, Mass. The property changed hands for nearly $44.3 million, according to Bristol County public records. The buyer made the acquisition through one of its […]

Jamie Hodari, Co-Founder & CEO, Industrious. Image courtesy of Industrious CBRE Group has entered a definitive agreement to acquire Industrious National Management Co. LLC, a flexible workplace solutions provider. The company will also create a new business segment called Building Operations & Experience, which will unify building operations, workplace experience and property management. The transaction […]

Sawgrass Lake Center went through cosmetic renovations in 2017. Image courtesy of CommercialEdge Accesso has acquired Sawgrass Lake Center, a 240,000-square-foot office building in Sunrise, Fla., a Fort Lauderdale submarket. American Realty Advisors sold the asset, according to CommercialEdge information, represented by CBRE. The property previously traded in March 2018, when Foundry Commercial sold it […]

The rapid expansion of the data center sector is expected to continue in 2025, despite challenges of power constraints and demand that is outpacing supply, according to JLL’s latest outlook. Globally, the data center capacity is likely to expand 15 percent per year through 2027, perhaps more, with capacity in the Americas (led by the […]

The 2 million-square-foot home of News Corp. and Dow Jones is slated for a $300 million revamp. Image courtesy of CommercialEdge RXR has bought a 49 percent interest in 1211 Avenue of the Americas, a nearly 2 million-square-foot office tower in New York City. The share was acquired from Ivanhoé Cambridge, the global real estate […]

Chandler Medical Pavilion is fully leased by a single tenant. Image courtesy of JLL Montecito Medical Real Estate has acquired Chandler Medical Pavilion, a 65,931-square-foot outpatient facility in Chandler, Ariz., for $30 million. JLL’s Medical Properties Capital Markets team brokered the transaction and worked on behalf of the seller, a partnership between Unbound Development and […]

Cherokee Commerce Center 85 will include five buildings between 211,000 and 1.7 million square feet. Image courtesy of Glenstar Logistics Glenstar Logistics has completed the first of five buildings at the $415 million, 290-acre Cherokee Commerce Center 85 in Gaffney, S.C. The speculative, cross-docked 550,520-square-foot building can be expanded to 1.3 million square feet. Upon […]

CIP Real Estate has purchased Broadway 101 Commerce Park, an 809,230-square-foot Class A industrial park in Mesa, Ariz. Canyon Partners Real Estate LLC—the real estate direct investing arm of Canyon Partners LLC—sold the multitenant campus for $168.3 million. Broadway 101 Commerce Park encompasses 11 warehouse and industrial buildings. Image courtesy of CommercialEdge Cushman & Wakefield […]

Realterm has a sizable footprint in Chicago. Besides IOS facilities, the company also owns standard industrial properties, including the one at 703 W. Algonquin Road, pictured here. Image courtesy of CommercialEdge Brookfield Properties has sold an industrial outdoor storage portfolio totaling 631,604 square feet for more than $277 million. Realterm acquired the 13 properties located […]

Another data center project, PowerCampus Dallas, is currently under construction 24 miles from the GigaPop site. Image courtesy of Skybox Data Centers Lincoln Property Co., Gigabit Fiber and Tradition Holdings have formed a partnership for the development of a data center campus in South Dallas. When complete, the facility dubbed GigaPop will include more than […]

The five-story office property came online in 2015 and includes multiple amenities. Image courtesy of JLL Radler Enterprises Inc. has purchased Legacy at Fallbrook, a 207,029-square-foot Class A office building within Houston’s Cypress West submarket. JLL negotiated on behalf of the seller. CommercialEdge shows that EQT Exeter was the seller, which has owned and operated […]

One of SkyREM’s properties is Tradeport East – Building D, an industrial facility near Savannah, Ga. Image courtesy of JLL SkyREM has obtained $170 million in financing for 10 primarily industrial and warehouse distribution assets across seven states in the Northeast, Southeast and Midwest regions. JLL represented the borrower in securing a fixed-rate, five-year loan […]

Makenna Peter Southern California’s industrial real estate market has long been recognized as one of the most dominant in the United States, and for good reason. With an industrial base serving 25 million people, and supporting the spending habits of 50 million, the region’s economic engine drives demand for industrial space on an unprecedented scale. […]

Sandy Hamby Research from McKinsey reveals that large construction projects often take 20 percent longer than scheduled, contributing to budgets exceeding their original estimates by up to 80 percent. Such delays have significant financial and operational impacts. Owners can avoid such costly delays by taking a proactive approach to vetting schedules to ensure all required […]

303 East Wacker Drive, which secured a $62.5 mullion mortgage. Photo courtesy of Northwind Group A 30-story Class A office property at 303 E Wacker Drive on Chicago’s East Loop secured in $62.5 million collateralized first mortgage, senior-secured acquisition and lease-up loans. The loan comes from Northwind Group, a Manhattan-based real estate private equity firm, […]

Register now for this free virtual event honoring the 2024 Influence Award winners We will also have a special keynote address. The event will take place on January 30th at 1 p.m. ET. Register for the free event. The post Join the CPE Influence Awards Celebration appeared first on Commercial Property Executive.

Plaza Del Mar, located on a barrier island between the Atlantic and the Intercoastal Waterway in Palm Beach County, Fla. Photo courtesy of Garden Commercial. Garden Commercial has acquired the 83,800-square-foot Plaza Del Mar, an upscale grocery-anchored retail property located in Manalapan, Fla. for an unspecified price. The shopping center is at 250 South Ocean […]

Centro City’s retail and residential components. Image courtesy of Terra. A $104 million loan for phase one of Centro City’s 350,000-square-foot retail component was issued by Hudson Bay Capital. It is part of Miami-based developer Terra’s overall $291 million in permanent financing secured for the 38-acre mixed-use development. The new financing will be applied to […]

The January Issue of CPE Is Now Available! From the Editor: New Year, New Changes for Prop Tech Elevating the Coworking Experience. Image courtesy of CADDO Office Reimagined Stars Align for CRE Secondary Funds. Image by Adobest/iStockphoto.com What’s Defining Office in 2025? Image by Jeff Peters of Vantage Point Photography, courtesy of Columbia Property Trust […]

When completed in late 2025, Eagle Mountain Medical Center will include almost 25,000 square feet across two stories. Image courtesy of JLL Fort Street Partners and Chestnut Healthcare Real Estate have formed a programmatic joint venture to acquire and develop up to $150 million in assets over the next four years. The duo will focus […]

Two speculative Class A industrial buildings totaling 540,408 square feet are coming to the new Northeast Georgia Inland Port. Alliance 985 Business Park is coming to the new Northeast Georgia Inland Port. Rendering courtesy of Avison Young Alliance Industrial Company will break ground this quarter on the Alliance 985 Business Park, which is slated to […]

Finmarc Management has expanded its Northern Virginia office holdings with the $51 million acquisition of a four-building Class A office portfolio totaling 620,000 square feet within the Dulles Technology Corridor in Herndon, Va. 2411 Dulles Corner Park in Herndon, Va. Image courtesy of Finmarc Management. Known as the Dulles Corner portfolio, the assets were acquired […]

The IOS asset 2340 Rose Place W. in Roseville, Minn. Courtesy Realterm Realterm, an investor specializing in transportation and logistics assets, has acquired 2340 Rose Place W. in Roseville, Minn., a northern suburb of the Twin Cities with close access to I-35W. The property, which traded for an unspecified price, is an industrial outdoor storage […]

Partners Capital, the investment platform of Partners Real Estate, has acquired Dixie Farm Business Park, a 196,000-square-foot flex/retail property in Houston. The company purchased the property through Opportunity Fund V, marking the fourth purchase made via the fund. Dixie Farm Business Park was completed in two phases in 2000 and 2002. Image courtesy of CommercialEdge WMF […]

Discount Tire has purchased Desert Ridge Corporate Center I and II, a 275,208-square-foot office campus in Phoenix. The firm’s real estate division, Halle Properties LLC, acquired the Class A asset for $35 million, public records show. Desert Ridge Corporate Center II is located at 20830 N. Tatum Blvd. Image courtesy of CommercialEdge The seller, Regent […]

Completed in 1995, the industrial building at 6205 S. 231st St. comprises some 115,000 square feet. Image courtesy of CommercialEdge Bridge Industrial has purchased a two-building industrial portfolio totaling 315,422 square feet in Kent, Wash. An entity affiliated with Link Logistics sold the assets for $64.2 million, according to King County public records. The buyer […]

Retail trends that stood out from our report interviews this year revolved around the ongoing demand for physical space, said Alperstein. Image courtesy of PwC Retail is on pace to remain one of the strongest growth sectors in commercial real estate in the upcoming year, according to PwC’s Emerging Trends in Real Estate 2025 report. Despite an […]

Here’s a look back at the key trends and hot topics that defined the past year. 1. AI Is Changing the Game for Data Centers: JLL Office building visit recovery in select cities, October 2024 compared to October 2019. Chart courtesy of Placer.ai What this tectonic shift in the sector means for demand, development and […]

Values shown are average by property type. As of December 11, 2024. Source: S&P Global Market Intelligence As of Dec. 11, publicly traded U.S. equity REITs posted a one-year average dividend yield of 3.94 percent. The office REIT sector recorded the highest one-year average dividend yield among this group, at 4.93 percent, outperforming the broader […]

IQHQ’s 326,000-square-foot life science project topped out in April. Image courtesy of McCarthy Building Cos. Inc. Despite a slow start in early 2024, San Francisco’s office construction activity picked up pace as the year progressed and became one of the largest in the nation. Developers are continuing to break ground on new developments, with most […]

7272 E Indian School will soon to be part of the new, three-building Old Town Scottsdale campus. Image courtesy of George Oliver Cos. A joint venture of George Oliver Cos. and Ascentris has acquired 7272 E Indian School, a 165,220-square-foot office building in Scottsdale, Ariz., for $42.3 million. Seller Goldman Sachs Asset Management LP bought […]

The office sector continued to change in 2024, as stabilization efforts following post-pandemic effects saw different subsectors become the primary driver in the market. As multiple companies implemented return-to-office policies, office utilization metrics posted only marginal increases throughout the year, while high vacancy rates continue to affect multiple key markets, according to CommercialEdge data. Nationally, […]

Source: Northmarq, Real Capital Analytics In third quarter 2024, the single-tenant industrial market remained on a path of reporting increasing sales volume. With $6.35 billion logged in the last three months, third quarter’s performance brings the year-to-date activity level to more than $16.2 billion. If current momentum stays flat in fourth quarter, the sector would […]

Source: Placer.ai In November, visits to office buildings nationwide were 62.4 percent of November 2019 (pre-pandemic) levels, down from 66.7 percent in November 2023. Miami led the regional office recovery pack with visits at 84.0 percent of November 2019 levels, followed by New York (81.9 percent). Year over year, office foot traffic dropped 6.5 percent […]

Joe Cosenza, Inland Real Estate Group of Cos. Inland Real Estate Group of Cos. has announced the loss of cofounder Joe Cosenza. Cosenza, who passed away at age 81 on Dec. 25, was director & vice chairman of the group and president of Inland Real Estate Acquisitions L.L.C., managing the firm’s acquisition strategies and due […]

Source: PropertyShark, a Yardi Systems Company Sale Price: $360 million Apollo Global Management has acquired a $360 million ownership and equity stake in the 1.1 million-square-foot office building, from RXR Realty. The seller will continue to hold the property as majority owner, in partnership with SL Green. The LEED-certified Times Square asset originally came online […]

Source: CommercialEdge, a Yardi Systems Company Retail construction starts exhibited a dynamic activity pattern in 2024, with sharp contrasts between the first and second halves of the year, CommercialEdge data shows. Early in the year, construction starts surged, with February standing out for a staggering 164 percent year-over-year increase—or nearly 3 million square feet. March […]

Source: PropertyShark, a Yardi Systems Company Sale Price: $46 million RFR Holding has sold the 10,139-square-foot retail building in Manhattan’s SoHo neighborhood to Japan-based Arkray Inc. The four-story building dates to 1910 and is currently occupied by the luxury brand Cartier, which upgraded the interiors in collaboration with Paris-based architectural firm Studioparisien. The property last […]

Source: Mortgage Bankers Association Commercial and multifamily mortgage loan originations increased 59 percent in the third quarter of 2024 compared to a year ago, and increased 44 percent from the second quarter of 2024, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, released last month. After a slow start to […]

Source: CommercialEdge, a Yardi Systems Company Year-to-date through November, the average sale price for industrial properties in the U.S. stood at $128 per square foot, CommercialEdge data shows. The figure fluctuated throughout 2024, with highest prices recorded in the first two quarters of the year. During the first quarter, industrial assets traded at an average […]

For Reinberg, accessibility in health-care real estate is not just a buzzword. Image courtesy of Alliance CGC Medical outpatient facilities continue to be investor darlings. The sector is seeing long-term tenancy and high occupancy, as opposed to traditional office and other asset types that have been struggling to return to prepandemic performance. Despite a lower […]

A joint venture of Taubco and Landau Properties has received a $74 million construction loan to develop One Kane Concourse, a 125,000-square-foot office building on Miami’s Bay Harbor Islands. Rendering of the One Kane Concourse office building on Miami’s Bay Harbor Islands. Image courtesy of One Kane Concourse The seven-story waterfront project at 9551 E. […]

Nuveen Real Estate purchased 501 Boylston St. from Broadway Partners for $370.5 million back in 2007, according to CommercialEdge. Image courtesy of CommercialEdge Norges Bank Investment Management has taken full ownership of a 3.7 million-square foot office portfolio, paying $976.8 million for the remaining 50.1 percent interest in the properties. TIAA subsidiaries sold the assets. […]

Shaked Acquisitions has purchased Cobb Place, a 335,190-square-foot retail center in Kennesaw, Ga., for $63.5 million. Wicker Park Capital Management sold the asset, in a transaction brokered by JLL Capital Markets. Cobb Place. Image courtesy of JLL Capital Markets Wicker Park acquired the shopping center for $53.5 million back in 2019, according to CommercialEdge data. […]

Both Taylor Square and Tuttle Crossing are anchored by a Walmart. Image courtesy of Institutional Property Advisors Institutional Property Advisors has arranged the $76.3 million sale of a shopping center portfolio in metro Columbus, Ohio. The property collection consists of Taylor Square in Reynoldsburg and Tuttle Crossing in Dublin, two retail assets totaling 622,000 square […]

Commercial real estate investment sentiment has risen convincingly in the second half of the year, according to RCLCO’s real estate market index, which registered a 25 percent increase. After sputtering for the past few years, it’s now at 65, solidly into recovery territory. An RMI above 60 is typically indicative of positive or improving market […]

The office sector’s transformation continued in 2024, shaped by pandemic-related shifts that have led to lower sale prices, less new development and a rise in coworking space, the latest CommercialEdge report shows. Although companies like Amazon and Meta pushed for return-to-office policies, office usage increased only slightly in 2024. Image by TrongNguyen/iStockphoto.com While the average […]

Rockefeller Group has completed the construction of a 418,400 square-foot distribution center on 24 acres in Surprise, Ariz., part of the Southwest Valley industrial submarket. Rockefeller Group’s newly delivered Surprise Pointe Commerce Center in Surprise, Ariz. Image courtesy of Rockefeller Group One to four tenants can fit within the Surprise Pointe Commerce Center, which features […]

Stonepeak, a New York-based alternative investment firm, has expanded its Texas footprint again this year with the acquisition of a six-property, 2.3 million-square-foot logistics portfolio in metro Houston. Starwood Capital Group was the seller, according to CommercialEdge data. Port of Houston portfolio in La Porte, Texas. Image courtesy of Stonepeak The sale price for the […]

Prudential Tower, the second-tallest Boston office building, debuted in 1965. Image courtesy of CommercialEdge BXP has inked a 413,000-square-foot office lease renewal with Ropes & Gray at the Prudential Tower, a 1.2 million-square-foot building in Boston. The law firm will occupy the space through 2041. Ropes & Gray moved into the upper floors of the […]

Workbox-Dupont Circle will occupy Suite 200 at the property. Image courtesy of Workbox Workbox is entering the Washington, D.C., market with a 29,000-square-foot coworking space at 1333 New Hampshire Ave. NW in Dupont Circle. The new location is scheduled to open in February of 2025.  The office building is a 360,000-square-foot property that The Meridian […]

Rendering of 33 Commerce Center, taking shape on an 18-acre lot in Marysville, Ohio. Image courtesy of The Opus Group The Opus Group has started construction on 33 Commerce Center, a 250,829-square-foot speculative industrial project in Marysville, Ohio. Completion is scheduled for August 2025. The development team includes AST Engineering as structural engineer and Lee […]

IDV Speedway is a recently completed industrial building in the North Las Vegas submarket. Image courtesy of JLL Investment & Development Ventures has sold IDV Speedway, a 349,875-square-foot industrial building in Las Vegas. AEW Capital Management paid $54.3 million for the Class A property, according to Clark County public records. JLL worked on behalf of […]

The industrial sector in Dallas saw a considerable increase in investment volume during the first 10 months of this year, taking the lead nationally, CommercialEdge data shows. Going against the current, the metro registered a $1.1 billion growth compared to the same time frame in 2023, reaching an overall figure of $3.8 billion. Stonepeak has […]

Rendering of NuScale’s VOYGR small modular reactor facility. Image courtesy of NuScale In 2023, data centers across the globe consumed 7.4 gigawatts of power, a 55 percent increase over 2022 usage, reported Cushman & Wakefield. And by 2026, AI electricity consumption could be 10 times higher, exceeding 1,000 terawatts globally—equivalent to Japan, predicted the International Energy Agency. This […]

Fed Chair Jerome Powell speaks at the Dec. 18 Press Conference. Screenshot by Gabriel Frank At final meeting of the year, the Federal Reserve Open Markets Committee slashed interest rates by another 25 basis points on Wednesday, a move identical to its meeting last month. Heading into 2025, the current federal funds rate target range […]

KPR Centers has acquired Eagle Plaza, a 230,000-square-foot grocery-anchored neighborhood shopping center in the Philadelphia area, from First National Realty Partners for $41.7 million. Eagle Plaza in Voorhees Township, N.J. Image courtesy of KPR Centers The property at 700 Haddonfield-Berlin Road in New Jersey’s Voorhees Township was built in 1976 and features nearly 40 retailers […]

AI has a lot of uses. As it gets more sophisticated, it has permeated many areas of the industry. However, AI of course should not replace the human touch. For commercial real estate professionals, what should you use AI for, and how much should you be using it? The CPE Executive Council shares their insights. […]

Boston’s office sector remained in the spotlight, leading nationally in terms of development pipeline and completions. However, with more properties coming online, the market’s vacancy rate saw a 650-basis-point increase year-over-year, clocking in at 16.8 percent, CommercialEdge data shows. The figure is still well below the 19.4 percent national average. Tishman Speyer and Harvard University […]

Eastpark 70, a six-building, 1.1 million-square-foot industrial campus, debuted between 2016 and 2022. Image courtesy of JLL Consolidated Investment Group has secured a five-year, fixed-rate note amounting to $17.5 million for two Class A industrial assets in Aurora, Colo., totaling 235,987 square feet. JLL arranged the loan. Dubbed Building 5 and 6, the properties are […]

Our writers have put together a series of outlook stories that provide a glimpse into what’s ahead for the main commercial real estate sectors in the year ahead. Here are the top predictions and trends for 2025 that you should closely monitor in the year ahead. Click on the links below to read experts’ forecasts: […]

In the largest dollar investment for the commonwealth this year, Toyota Kentucky will build a new $922 million advanced paint facility at its Georgetown, Ky., campus that is designed to improve operational efficiencies, reduce environmental impacts and enhance the quality of vehicle finishes. Toyota Kentucky is planning a new $922 million advanced paint facility at […]

Our writers have put together a series of outlook stories that provide a glimpse into what’s ahead for the main commercial real estate sectors in the year ahead. Here are the top predictions and trends for 2025 that you should closely monitor in the year ahead. Click on the links below to read experts’ forecasts: […]

Plaza 600 underwent renovation in 2023 which focused on the lobby area and amenity spaces. Image courtesy of BentallGreenOak BentallGreenOak and Urban Renaissance Group LLC have secured a refinancing loan for Plaza 600, a 209,256-square-foot office building in downtown Seattle. The ownership secured a committed capital of over $10 million and will reposition the property. […]

Regus has leased the entire 429 Lenox building in Miami Beach, Fla. Image courtesy of Colliers Regus has fully leased 429 Lenox, a 45,789-square-foot Class A flex office building in Miami Beach, Fla. The lease covers more than 10 years, Commercial Observer reports.  Colliers Vice Chair Stephen Rutchik and Vice President Ana Paula worked on […]

Developed in 1987, the 1.2 million-square-foot high-rise became Norwest Corp.’s headquarters. Image courtesy of Onward Investors A joint venture of Cross Ocean Partners, Neuberger Berman Special Situations client funds and Onward Investors has acquired Wells Fargo Center, the third-tallest building in Minneapolis. Starwood Capital Group previously owned the 57-story, 1.2 million-square-foot high-rise, according to CommercialEdge. […]

Prologis Inc. has sold a data center development in Chicago to Australian alternative asset manager HMC Capital. Chris Curtis, Global Head of Data Centers, Prologis. Image courtesy of Prologis In partnership with Skybox Datacenters, Prologis is converting one of its warehouses into a high-capacity, turnkey data center with a marketed capacity of 32 MW. The […]

Constellation Post Oak features several points of ingress and egress. Image courtesy of Constellation Real Estate Partners A joint venture between Constellation Real Estate Partners and a real estate fund advised by Crow Holdings Capital has signed US ELogistics Service Corp. as a tenant at Constellation Post Oak, a 424,011-square-foot industrial park in Houston. The […]

Valley View Business Center consists of a one-story industrial facility that came online in 2009. Image courtesy of Cushman & Wakefield Longpoint Partners has acquired Valley View Business Center, a 414,871-square-foot industrial building in Irving, Texas, within the Las Colinas submarket of Dallas-Fort Worth. Cushman & Wakefield worked on behalf of the seller, Brookfield Asset […]

The Hills Village Center occupies a 13-acre site within The Hills townhouse community. Image courtesy of JLL Longpoint Partners has acquired The Hills Village Center, a 110,453-square-foot retail center in Bedminster, N.J. The shopping center will be managed under the firm’s Lena Centers brand. Longpoint paid nearly $50 million for the asset, according to Commercial […]

Workbox has leased the entire 31st floor at One PPG Place. Image courtesy of Workbox Workbox has leased more than 23,000 square feet of office space at One PPG Place Tower in Pittsburgh. Scheduled to open in January 2025, the new coworking location will cover the building’s entire 31st floor. Highwoods Properties has owned the […]

The industrial property is at 3059 Premiere Parkway in Duluth, Ga., and dates back to 1998. Image courtesy of JLL Foxfield has acquired a 169,252-square-foot industrial building in Duluth, Ga., within Atlanta’s Northeast submarket. The property changed hands for $19 million from seller Barco, according to CommercialEdge. The same source shows that the new ownership […]

Proficiency Capital LLC has received $32.2 million in acquisition financing for McGee Business Center in Chino and Pomona, Calif., in the Inland Empire West submarket. JLL Capital Markets sourced the three-year, floating-rate loan through a bank. McGee Business Center in Chino and Pomona, Calif., in the Inland Empire West submarket. Image courtesy of JLL Capital […]

The life sciences construction pipeline remains resilient, with 54.7 million square feet of new space initiated between 2019 and October 2024, CommercialEdge data shows. Established life science markets continue to thrive, despite economic uncertainty. Image by Peter Lyons, courtesy of BioMed Realty Key life science clusters continue to thrive, even amid general economic challenges, because […]

The 1250 H Street office property is known as Herald Square building. Image courtesy of CommercialEdge Banyan Street Capital has acquired 1250 H St., a 196,490-square-foot office asset from Equity Commonwealth. The sale price was $27.5 million, public records show. Kairos Investment Management Co. originated a $28.5 million acquisition loan for the transaction. Also known […]

Nevada Business Park came online last year and consists of three buildings totaling 319,500 square feet. Image courtesy of INDUS Realty Trust INDUS Realty Trust has purchased a majority interest in a 4.3 million-square-foot industrial portfolio, comprising 21 buildings in Charlotte, N.C., and Charleston, S.C. Childress Klein owns The Carolinas Portfolio, now valued at $575 […]

Chad McWhinney, co-founder, chairman & CEO of McWhinney. Image courtesy of McWhinney Prism Places and McWhinney are teaming up to create two separate mixed-use commercial districts totaling about 676,000 square feet across 213 acres in growing master-planned communities developed by McWhinney in the Denver suburbs. The retail and commercial space will be built in Broomfield […]

Noting that occupiers are seeking best-in-class, highly amenitized office space close to mass transit, Hines said it has inked a 41,000-square-foot lease with global law firm Jones Day for South Station Tower, the 51-story mixed-use skyscraper it is building along the waterfront in downtown Boston. Hines’ South Station office tower in Boston. Image courtesy of […]

Construction on Lilly’s new manufacturing facility in Pleasant Prairie, Wis., is slated to start next year. Image courtesy of Eli Lilly and Co. With a $3 billion investment, Eli Lilly and Co. will expand its manufacturing operations at a facility purchased earlier this year in Pleasant Prairie, Wis. Construction on a new manufacturing building is […]

The 1201 Pacific office building has a LEED Gold certification. Image courtesy of Gantry Unico Properties has secured a $35 million refinancing loan for 1201 Pacific, a 305,000-square-foot Class A office tower in Tacoma, Wash. Gantry’s insurance-arm Genworth Life Insurance Co. provided the 10-year, fixed-rate, non-recourse note, which replaces the previous 10-year loan that expired […]

The pandemic has profoundly changed how people engage with the workplace, fueling the rise of remote and hybrid work and redefining the role of flexible office spaces, according to the latest CommercialEdge national office market report. Cities such as Los Angeles top the list for the highest number of coworking spaces. Image by Larry Gibson/iStockphoto.com […]

The December Digital Issue of CPE Is Now Available! From the Editor Featured. Exterior photo courtesy of Brad Nicol Photography, interior photo courtesy of Mabry Campbell. Ranking. Image by JARAMA/iStockphoto.com Deals. Image courtesy of Davis Data Centers. Image courtesy of DC BLOX Economist’s View. Image by Ildar Abulkhanov/iStockphoto.com Transactions. Image courtesy of JLL Capital Market […]

Suzann D. Silverman Remember the fast-paced race to finalize multiple transactions by the end of the year? It made December a busy month, sometimes right down to the last day as dealmakers strove to close the books on the old year’s volume before taking on the new one. We’re not back there yet, but it […]

Daniel Herrold In recent years, consumer behavior has undergone a significant transformation, driven largely by the digital age’s advances. The shift toward online shopping, fueled by the desire for convenience and instant accessibility, has placed new demands on the retail real estate industry. As consumer expectations evolve, so too must the strategies employed by retailers […]

The office building at 99 Park Ave. rises 26 stories in Manhattan. Image courtesy of CommercialEdge Metropolitan Commercial Bank has renewed and expanded its office space at 99 Park Ave., a 600,000-square-foot Manhattan office tower. The company will bring its footprint at the Global Holdings-owned property to some 81,979 square feet. The anchor tenant signed […]

You can also read our other Top Development Firms rankings. * As of June 30, 2024 Key: O=Office; I=Industrial; R=Retail; H=Hospitality; He=Health care; X=Other Though we make every effort to include all major commercial developers, several notable firms (among them SL Green, Bridge Industrial and Prologis) did not participate this year. To be included in […]

Lovett Industrial is expanding its portfolio in the Dallas-Fort Worth area with the development of 121 Logistics Park, a two-building Class A logistics park with 339,280 square feet of space spanning 27 acres in Coppell and Lewisville, Texas. 121 Logistics Park is scheduled for completion in the third quarter of 2025. Image by Meinhardt & […]

Thor Equities Group has secured a $37 million construction loan from ACRES Capital for the 63,000-square-foot Wynwood Walk neighborhood retail center in Miami. Wynwood Walk is at 230 N.W. 29th St. in Miami. Image courtesy of CommercialEdge The funding reportedly will enable the ongoing leasing of the property, whose tenants already include Puttery, Velvet Taco, […]

Rendering of the upcoming industrial development at 1653 Ashton Park Drive in Colonial Heights, Va. Image courtesy of PNK Group PNK Group plans to develop an 846,260-square-foot industrial facility in Colonial Heights, Va. The developer will invest nearly $80 million in the project, set to rise on a 86.6-acre site acquired last month. The land […]

The property part of a 2.1 million-square-foot industrial campus. Image courtesy of Avison Young SL Industrial Partners, an affiliate of The Silverman Group, has sold a 402,390-square-foot, fully occupied industrial facility in Concord, N.C. The buyer is Stonelake Capital Partners, which paid $51 million for the asset, Cabarrus County public records show. The deal marks […]

What should you consider when you’re evaluating potential investment opportunities in commercial real estate? The CPE Executive Council shares what they look for. David Schupmann Look at Costs When evaluating potential investment opportunities, it’s important to factor in any potential costs that could arise over its lifespan. For example, facade updates, parking lot, the property’s […]

Source: PropertyShark, a Yardi Systems Company Sale Price: $159.4 million Extell Development Co. bought the 198,347-square-foot office building in Manhattan’s Lenox Hill neighborhood from Williams Equities, at a sale price of $803.8 per square foot. The acquisition was financed with a $150 million consolidated mortgage provided by Tyko Capital. Dating back to 1951 and rising […]

Roughly 28 miles from VenturePark65’s site, Venture One and DRA Advisors acquired a fully leased 718,709-square-foot industrial asset. The deal closed in September. Image courtesy of Venture One Real Estate and DRA Advisors Venture One Real Estate has closed on VenturePark65, an industrial build-to-suit project encompassing 2 million square feet in Crown Point, Ind. Lee […]

Since Wilks Development acquired the property, Equify Financial, LLC has signed a lease. Image courtesy of CommercialEdge Wilks Development has acquired One Ridgmar Centre, a 177,199-square-foot Class A office building in Fort Worth, Texas. The previous owner was Holt Lunsford Commercial, which purchased the property in 2017 from Newmark, CommercialEdge shows. The buyer plans to […]

The Hartford building was awarded LEED Gold recertification for existing buildings in April. Image courtesy of CommercialEdge Carr Workplaces, a provider of short-term coworking and flex space, has signed a 26,331-square-foot lease with Comstock Holding Cos. in Arlington, Va. The new location is slated to open within The Hartford office building in the spring of 2025. […]

The industrial facility is within Jedburg Logistics Center, a two-building industrial campus in Summerville, S.C. Image courtesy of JLL Clarion Partners has acquired Jedburg Logistics Park Building 2, a 158,340-square-foot Class A distribution facility in Summerville, S.C., within the Charleston, S.C. market. The company paid approximately $25.3 million for the asset, according to CommercialEdge data. […]

Source: CommercialEdge In November, CommercialEdge data provides a snapshot of the nation’s coworking landscape, highlighting the top 10 markets driving the growth of shared office space. These key locations showcased notable variations in footprints, reflecting the evolving demand for flexible work environments across the U.S. Manhattan led the way, with 11.2 million square feet coworking […]

San Diego’s office sector continued to perform well for completions and projects underway, according to CommercialEdge data. In terms of pipeline, two of the largest developments under construction in the metro are life sciences projects, as interest in this asset type continues to be one of the main drivers for the local economy. The Rise […]

Manhattan West’s office buildings came online between 1913 and 2023. Image courtesy of JLL Brookfield Properties has tapped JLL as the exclusive leasing agent for Manhattan West’s office component, which spans 6 million square feet. Chairman & President Peter Riguardi, Vice Chairs Paul Glickman and Matt Astrachan, Executive Managing Director Christine Colley and Senior Vice […]

PUMA has opened a 25,000-square-foot store at BLVD, a 400,000-square-foot retail center coming online in Las Vegas. The retailer’s second flagship venue in the U.S. was also the first frontstore to open at the mixed-use development. PUMA’s flagship store at BLVD has a Las Vegas-inspired design. Image courtesy of PUMA Originally scheduled for delivery in August […]

The Malin’s new coworking venue at 895 Broadway in Manhattan. Image courtesy of The Malin The Malin is planning to open a 32,700-square-foot coworking space in Manhattan’s Flatiron District in the spring of 2025. The new coworking venue will be within the Equinox building at 895 Broadway, occupying the fourth and fifth floors. The five-story […]

Galvanize Real Estate has acquired 150 Milford Road, a 608,000-square-foot industrial property along the I-95 corridor in East Windsor Township in central New Jersey. Galvanize Real Estate has acquired 150 Milford Road, a 608,000-square-foot industrial asset in Central New Jersey. Image courtesy Galvanize Real Estate The seller was AXA Real Estate, which acquired the property […]

The 1.7 million-square-foot One Vanderbilt came online in 2020 and features about 187,000 square feet of retail space. Image courtesy of Mori Building Co. SL Green Realty Corp. has sold an 11 percent ownership interest in One Vanderbilt, its 1.7 million-square-foot skyscraper in Manhattan. Mori Building Co. acquired the stake in a deal that valued […]

Capital Commercial Investments Inc., of Austin, Texas, has acquired Energy Crossing II, a 327,404-square-foot office building in Houston’s Energy Corridor. JLL Capital Markets led the sales effort for the property. The Energy Crossing II office building is situated in Houston’s Energy Corridor. Image by Jud Haggard Photography, courtesy of JLL Capital Markets Invesco Real Estate […]

The 13-acre Shoppes at English Village comprises three buildings. Image courtesy of CBRE Nuveen Real Estate has purchased The Shoppes at English Village, a 103,325-square-foot retail center in North Wales, Pa. MetLife Investment Management sold the asset in a transaction brokered by CBRE. MetLife had acquired the retail center back in 2017 from Stanbery Development […]

The office mid-rise originally came online in 1910 and went through a $20 million renovation program in 2017. Image courtesy of CommercialEdge TF Cornerstone has signed a 21,000-square-foot, 10-year extension and renewal with Criteo at 387 Park Ave. S. in Manhattan’s Flatiron District. Cushman & Wakefield worked on behalf of the landlord. The commerce media […]

Aerial view of TECfusions’ data center campus, an adaptive reuse initiative that will include 220 megawatts of future capacity. Image courtesy of TECfusions TECfusions has obtained some $300 million for the development and expansion of its data center in Clarksville, Va. The 15-year loan will fund the development’s Phase I buildout, as well as the […]

Equity acquired the one-story 3501 MedCenter in 2020. Image courtesy of CommercialEdge Newmark Healthcare Capital Markets has arranged $12.5 million in refinancing for 3501 MedCenter, a 146,000-square-foot medical office building in Amarillo, Texas. Regional lender East West Bank provided the note to the borrower, Equity, according to CommercialEdge information. The firm had purchased the asset […]

799 Ninth St. came online in 2001 and went through cosmetic renovation in 2014. Image courtesy of CommercialEdge International law firm Nixon Peabody LLP has renewed its lease at 799 Ninth St. NW in Washington, D.C., extending its 43,000-square-foot commitment. Brookfield Properties owns the 10-story, 204,028-square-foot Class A building in the city’s downtown. JLL represented […]

Amazon is one of the tenants at CBRE Investment Management’s former building near Phoenix Sky Harbor Airport. Image courtesy of Cushman & Wakefield Indus Realty Trust has acquired Phoenix Airport Logistics, a 393,484-square-feet warehouse/distribution center in Phoenix’s airport submarket. CBRE Investment Management sold the asset for $72.4 million, according to public records. The building was […]

Pauli Kerr Despite economic uncertainties and shifts in market fundamentals, the Dallas-Fort Worth industrial sector continues to demonstrate growth and resilience, offering diverse prospects for those seeking to capitalize on its long-term growth trajectory and strategic advantages. This analysis explores the current state of the DFW industrial market, examining key performance indicators, investment trends and […]

J. Kieran Jennings Investing should be straightforward—and so should managing investments. Yet real estate, often labeled a “passive” investment, is anything but. Real estate investment done right may not be thrilling, but it requires active management, particularly in controlling one of the largest ongoing expenses, property taxes. In recent years, the real estate industry has […]

An Albertsons store anchors Vista Commons. Image courtesy of CommercialEdge AEW Capital Management has purchased Vista Commons, a 98,716-square-foot retail center in Las Vegas. MIG Real Estate sold the asset for $56.1 million, according to CommercialEdge information. JLL represented the seller. MIG had acquired the retail center in January 2011 for $24.3 million from GGP, […]

StreetLevel Investments has broken ground on Village at Gateway, a 120-acre mixed-use project in Forney, Texas. The developer plans to transform the site into a shopping, dining and recreation destination that will come online in two phases. Phase 1 of Village at Gateway will comprise around 500,000 square feet of retail space. Image courtesy of […]

Come join us for a special event where you can meet the individuals behind MHN and CPE! Our editorial team will be at 10 Grand Central in NYC on December 6th from 10 a.m. to 12 p.m. to chat with you, answer your questions and hear your feedback. Refreshments will be served. This is a great opportunity […]

The future retail center is part of The Park’s $500 million redevelopment. All images courtesy of The Connell Co. The Connell Co. has broken ground on a 60,000-square-foot retail center in Berkeley Heights, N.J. The property is part of the developer’s master-planned neighborhood, The Park.   The new development will be within The District, the […]

Who holds the most responsibility when it comes to making sure a building is sustainable? Greenbuild panel on raising awareness of embodied carbon across CRE teams. Image by Jessica Fiur While this might start as the duty of the owner, it actually should be a team effort. At the Greenbuild conference in Philadelphia, Anthony Bernheim, […]

Despite some slowing metrics, the Dallas office sector holds steady. Sales in the metro in the past months increased, with the investment volume nearing $1.1 billion through the first three quarters of 2024, according to CommercialEdge data. Enverra Real Estate Partners and Gulf Coast Western purchased Parkway Office Center North and South, a 230,000-square-foot office […]