Category: Real Estate

EQT Exeter will rebrand the 641,906-square-foot facility as I-10 Gateway. Image courtesy of Cushman & Wakefield EQT Exeter has acquired a 641,906-square-foot industrial facility in Buckeye, Ariz., for $60.1 million. It will rebrand the asset as I-10 Gateway. Developer BET Investments sold the vacant property. The divisible building represents the first phase of Buckeye I-10 […]

Perkins + Will designed the 368,258-square-foot Science Square Labs. Image courtesy of Trammell Crow Co. Trammell Crow Co., in partnership with Georgia Advanced Technology Ventures, an affiliate of the Georgia Institute of Technology, has completed the first phase of Science Square, a life science district in Atlanta. The 18-acre project is adjacent to Georgia Tech’s […]

Echo Park 303 is a 40-acre, two-building industrial campus within the Loop 303 corridor. Image courtesy of LGE Design Build Echo Real Estate Capital has completed Echo Park 303, a 676,176-square-foot, two-building industrial park in Glendale, Ariz. JLL is in charge of leasing. LGE Design Build served as general contractor. Last year, Echo obtained a […]

Tom Whitesell, head of Kennedy Wilson’s debt investment platform. Construction financing carries a higher risk profile than most other loan categories. But even in today’s uncertain climate, some lenders are not only keeping a hand in this category but embracing it. One example is Kennedy Wilson. In a blockbuster $4.1 billion deal last year, the […]

Rittiman Crossroads will feature 32-foot clear heights, 36 trailer stalls and four drive-in doors upon completion. Image courtesy of Byline Bank A joint venture of TradeLane Properties Fund III and Phelan Development Co. has obtained $14 million in construction financing for Rittiman Crossroads, a 257,000-square-foot project in San Antonio. Byline Bank’s Commercial Real Estate Group […]

860 Broadway used to be one of Andy Warhol’s studios. Image courtesy of CommercialEdge Flexible office space provider Industrious has signed a lease extension and expansion for its space at 860 Broadway in Manhattan, bringing its footprint at the property to 27,630 square feet across two floors. The firm previously occupied 13,815 square feet at […]

The improvement strategy at One Glover includes multiple interior and exterior upgrades. All images courtesy of Marx Realty The six-story office building was originally completed in 1961 One Glover now features a dedicated tenant lounge Marx Realty has completed the renovation of One Glover, a 110,960-square-foot office building in Washington, D.C., within the Georgetown submarket. […]

Lew Sichelman The repo man is finding more work in the commercial real estate industry, two recent reports show. Commercial foreclosures rose 6 percent in March of this year and were up 117 percent from March of 2023, according to ATTOM data. Similarly, the Mortgage Bankers Association released data showing that while 97 percent of […]

Greystar has completed Gateway Grand Phase I, a 1 million-square-foot industrial development in Mesa, Ariz. Situated in a Foreign Trade Zone, the two-building project marks the company’s first industrial delivery in the state. It also represents Greystar’s effort to gain a foothold in Greater Phoenix, the nation’s most active market for industrial construction. The Gateway […]

The Coca-Cola Co. and its fairlife dairy products subsidiary have broken ground on a 745,000-square-foot production facility near Rochester, N.Y. The plant reportedly will be the largest dairy production facility in the Northeast and represents a total investment of $650 million. Governor Hochul and the Coca-Cola Co. celebrate the groundbreaking of a 745,000-square-foot fairlife production […]

Marta Schantz, Co-Executive Director of ULI’s Randall Lewis Center for Sustainability in Real Estate. Today is the 55th Earth Day! How will you be marking the occasion? Welcome back to Sustainability Street, our podcast on the intersection of commercial real estate and the world we live in. For this special Earth Day episode, I interviewed […]

Stonepeak, a New York-based alternative investment firm, has acquired a three-building, 1.7 million-square-foot rail-served logistics portfolio in the Chicago market from CenterPoint Properties. Stonepeak has acquired a three-building portfolio in Elwood, Ill., at the largest inland port in North America. Image courtesy of Stonepeak The sale price for the fully leased portfolio was $125 million, […]

FUSE Workspace will open a new flex office and coworking location in Austin, at 2105 E. Martin Luther King Jr. Blvd. The 33,000-square-foot development is currently in the early stages of finish-out construction, with opening planned for September. DKC Construction Group serves at the general contractor for the build-out, while L.M. Holder III is designing […]

Building 2 of Rickenbacker Exchange at Commercial Point, which is fully leased to HanesBrands. Image courtesy of Colliers VanTrust Real Estate has sold Building 2 of Rickenbacker Exchange at Commercial Point, a 1.2 million-square-foot speculative industrial building in Commercial Point, Ohio. According to REBusinessOnline, W.P. Carey paid $94.1 million for the facility, in a transaction […]

Windsor Commerce Park is Lincoln Property Co.’s first development in Nevada. All images courtesy of Lincoln Property Co. Windsor Commerce Park. will total 1.6 million square feet of Class A industrial space The industrial campus will include eight buildings, all currently underway Lincoln Property Co. has signed two preleasing deals totaling 561,742 square feet at […]

Railinc will move more than 300 employees and contractors to 11000 Weston Parkway in early 2025. Image courtesy of JLL Railinc has signed a leasing agreement for 56,371 square feet of office space at 11000 Weston Parkway, a Class A office campus in Cary, N.C., owned by Highwoods Properties. JLL represented Railinc in the transaction. […]

Two separate buyers acquired the other two buildings at the 1.3 million-square-foot industrial campus. Image courtesy of Cushman & Wakefield A joint venture of Gardner Batt, BCG Holdings and a fund advised by Crow Holdings Capital has sold an industrial property totaling 179,400 square feet in Salt Lake City, within the metro’s Northwest Quadrant industrial […]

Levit Green’s Phase I totals 290,000 square feet. Image courtesy of Hines Hines and its partners 2ML Real Estate Interests and Harrison Street have signed a 7,400-square-foot lease at Levit Green, a mixed-use life science district in Houston. The tenant is PranaX, a biotechnology company scheduled to move into a turn-key lab space within the […]

Riverside Tech Park comprises 14 buildings across 70 acres. Image by CPI Productions, courtesy of Precision for Medicine LLC Precision for Medicine LLC has signed renewal and expansion leases totaling more than 116,000 square feet at Riverside Tech Park in Frederick, Md. St. John Properties Inc. owns the 70-acre business and R&D campus. The clinical […]

280 Park Ave., which had a $1.075 billion loan maturity extended by two years. Image courtesy of CommercialEdge SL Green Realty Corp. and Vornado Realty Trust have secured a two-year extension for the $1.1 billion securitized mortgage on 280 Park Ave. in Midtown Manhattan, the investors said on Wednesday morning. Originally due to mature this […]

The Gramercy Park Building rises 20 stories in Manhattan’s Flatiron District. Image courtesy of CommercialEdge The Feil Organization has signed a 10-year renewal for 12,617 square feet at The Gramercy Park Building, a 226,000-square-foot office property in Manhattan’s Flatiron District. The tenant is PEI Architects, which will continue to use the building’s entire 19th floor. […]

Rendering of the Bioforge Marshall plant, which is currently under construction. Image courtesy of Solugen Climate technology company Solugen has commenced construction on its 500,000-square-foot Bioforge Marshall project, a biomanufacturing facility in Marshall, Minn. The company is developing the bio-based chemicals plant in partnership with Archer Daniels Midland Co., also known as ADM, a global […]

Westwood Center rises 22 stories in West Los Angeles. Image courtesy of CommercialEdge Flexible office provider Industrious has opened a new location at Westwood Center in Westwood, Calif. The company inked a leasing agreement with landlord Douglas Emmett for 20,752 square feet of coworking space in West Los Angeles. The location will host 234 desks […]

The campus came online in two phases, between 1995 and 2001. Image courtesy of CommercialEdge IRA Capital has acquired a 237,000-square-foot life science and R&D campus in Columbus, Ohio. According to CommercialEdge data, The Inland Real Estate Group of Cos. sold the asset for $21.5 million. The property, which came online in two phases between […]

San Felipe Plaza is currently undergoing an extensive renovation program. Image courtesy of CommercialEdge Sovereign Partners has tapped Partners Real Estate as exclusive leasing agent for San Felipe Plaza, a 980,472-square-foot Class A office tower in Houston’s Galleria submarket. Senior Vice Presidents Vince Strake, Lesley Rice and Andy Parrish will handle all leases at the […]

NorthBridge Partners has closed its largest fund to date, raising nearly $950 million which will be used to acquire or develop small to midsize infill logistics assets in coastal U.S. markets. Rob Kohn is a partner at Park Madison Partners, which served as the exclusive placement agent for NB Partners Fund IV. Image courtesy of […]

Hudson’s Site rises 681 feet in downtown Detroit. Image courtesy of Bedrock Bedrock has topped out The Tower of the Hudson’s Site mixed-use development in Detroit. Rising 681 feet, or 48 stories as reported by D Business, The Tower is the tallest construction in the metro over the past 50 years and will be the […]

Jun Ho Pok of IGIS Neovalue Asset Management, Kevin Davenport of Swire Properties and Megumi Brod of The Rockefeller Group talk about the future of central business districts. Photo by Gabriel Frank Top-of-mind for both panelists and attendees on the third day of the Urban Land Institute’s spring meeting were questions surrounding the changing nature […]

The tower at 1133 Ave. of the Americas rises 45 stories in Manhattan’s Plaza District. Image by Vanni Archive Architectural Photography, courtesy of The Durst Organization The Durst Organization has inked a lease expansion to 22,916 square feet at 1133 Avenue of the Americas, the 1.1 million-square-foot Class A office tower in Manhattan’s Plaza District. […]

Boynton Logistics Center features a total of 34 dock-high loading doors, 12 truck wells and four drive-in doors. Image courtesy of Cushman & Wakefield Venture One Real Estate has acquired Boynton Logistics Center, a 197,608-square-foot industrial campus in Boynton Beach, Fla., from Elion Partners. Cushman & Wakefield brokered the transaction. The brokerage firm will also […]

Marketplace at Six Corners comprises two buildings on some 10 acres. Image courtesy of Mid-America Real Estate Corp. DRA Advisors has sold Marketplace at Six Corners, a 116,941-square-foot grocery-anchored urban shopping center in Chicago. NewMark Merrill acquired the asset for $22.4 million and financed the purchase with a $14.9 million loan from United Omaha Life […]

425 Park Ave. Image courtesy of Alan Schindler In one of the largest deals of its kind this year, L&L Holding Co. has secured $911 million to refinance 425 Park Ave., its 47-story Manhattan office tower. Sumitomo Mitsui Trust Bank was the lender for the property. The five-year floating-rate financing will retire a 2021 loan […]

The Austin office market started the year off with solid investments, in what was a change of pace from 2023’s final two quarters. The metro’s sales volume so far places it among the highest performing office markets in the U.S. according to CommercialEdge data. Uptown ATX, totaling 381,739 square feet, came online in January. Image […]

ULI’s Spring Meeting is being held in New York. Image by Fotios Tsarouhis The Urban Land Institute’s latest economic forecast, released Tuesday at the organization’s annual Spring Meeting, reflects the real estate sector’s relief at averting a major slowdown this year. However, capital markets constraints continue to be a source of worry. For the short […]

TSMC’s advanced manufacturing complex under construction in Phoenix. Image courtesy of TSMC Phoenix, already a top industrial and advanced manufacturing hub in the U.S., can expect to attract even more investments across all commercial real estate sectors now that Taiwan Semiconductor Manufacturing Co. plans to add a third fab for a total investment of more […]

Building 4A is the most recently delivered property within the 1,150-acre industrial park. Image courtesy of Stonemont Financial Group Stonemont Financial Group has signed a 733,200-square-foot lease at Georgia International Trade Center’s Building 4A, in Port Wentworth, Ga. Armstrong Logistics Inc. will fully occupy the facility, expanding its East Coast presence. NAI Global negotiated on […]

GFP Real Estate LLC has closed on a $54 million loan from Apple Bank to refinance 594 Broadway, a 12-story, 250,000-square-foot office tower in Manhattan’s SoHo neighborhood. Interior at 594 Broadway in NYC. Image courtesy of GFP Real Estate LLC The new 10-year, floating-rate permanent loan matures in 2034 and replaces a 2013 loan, held […]

The 10-acre Tristar Business Park will feature two industrial building totaling 173,680 square feet. Image courtesy of Colliers A joint venture between MBK Industrial Properties and Hopewell Development has broken ground on Tristar Business Park, a two-building industrial campus in Irving, Texas. Colliers will be in charge of leasing at the 173,680-square-foot project. The developer […]

The Phoenix office market maintained its position as one of the nation’s leaders in investment, with its active sales activity placing it second across similar Sun Belt cities, CommercialEdge data shows. In line with last year’s drop in construction activity, Phoenix had only one office property delivered in the first two months of 2024, while […]

Peachtree Ridge is a 159,962-square-foot office building currently 64 percent leased. Image courtesy of Transwestern OA Development has signed a 101,891-square-foot lease renewal at Peachtree Ridge, an approximately 160,000-square-foot office property in Norcross, Ga. The tenant is architecture, engineering and construction management company Pond, that has been a tenant at the location since 2005 and […]

Mercado at Scottsdale Ranch comprises six buildings spread across 9 acres. Image courtesy of Newmark Mercado at Scottsdale Ranch, a 118,751-square-foot shopping center in Scottsdale, Ariz., has changed hands for $26.5 million. The property was 94.8 percent leased at the time of sale. Ziff Real Estate Partners purchased the asset from Whitestone REIT, according to […]

Denton Exchange 35 will rise at the conflux of interstates 35 East and 35 West. Image courtesy of Stream Realty Partners EastGroup Properties has broken ground on Denton Exchange 35, a two-building, Class A 244,000-square-foot industrial development in Denton, Texas. Alliance Architects, GMcivil and Rosenberger Construction are part of the team delivering the project. Stream […]

Brookfield Properties has broken ground on Camelback 303 Logistics Center, a 616,100-square-foot industrial development in Goodyear, Ariz. Each building at Camelback 303 Logistics Center will sit on more than 50 acres of land, providing ample space for outdoor storage. Image courtesy of Stevens-Leinweber Construction Camelback 303 Logistics Center will comprise two buildings that will provide […]

The SEC finalized its long-awaited Climate Disclosure Rules on March 6. On April 4, the agency agreed to hold off on implementation due to litigation. Image by krblokhin/iStockphoto.com Climate regulation is sweeping the nation, and commercial real estate is often the focal point of environmentalists, legislators, and regulators. Welcome back to Sustainability Street, our podcast […]

Belleville Logistics, which will total 204,407 square feet upon completion. Image courtesy of PCCP LLC Lincoln Equities Group has closed on a $53.5 million senior construction loan for Belleville Logistics, a two-building last-mile logistics campus in Belleville, N.J, roughly 8 miles to the northeast of New York City. PCCP LLC, Lincoln’s longtime financial partner for […]

The April Digital Issue of CPE Is Now Available! From the Editor Feature. Image courtesy of Lawrence Group Trend. Image by Andrii Yalanskyi/iStockphoto.com Industrial. The need for power is becoming increasingly more crucial as industrial tenants more broadly embrace automation within factories. Image courtesy of The RMR Group CDO Stack. Image by mikkelwilliam/iStockphoto.com Editor’s Note. […]

777 W. Putnam Ave. recently underwent a capital improvement program. Image courtesy of Newmark Flexible office provider Stark Office Suites has extended and expanded its lease at 777 W. Putnam to 23,538 square feet of coworking space in Greenwich, Conn. The landlord, Shelbourne Global Solutions, was represented by Newmark in the transaction. The tenant expanded […]

Lincoln Property Co. has obtained a $65 million loan for the refinancing of Wateridge, a 585,580-square-foot office and retail campus in West Los Angeles. JLL Capital Markets secured the five-year, fixed-rate financing through Deutsche Bank. The Wateridge campus features more than 2,000 parking spaces. Image courtesy of CommercialEdge Lincoln Property purchased the six-building campus back […]

Presidential adviser James Carville once said that if reincarnation existed, he didn’t want to come back as the president or a .400 baseball hitter but as the bond market, because “you can intimidate everybody.” For the past four months, the U.S. Treasury market seems to have vindicated that view. After Labor Day last year, U.S. […]

WeWork is on track to complete restructuring and exit Chapter 11 bankruptcy protection by May 31, the company said today. The company is close to completing a strategy that focuses on a combination of amended leases, lease rejections and new management agreements. Since launching its initiative last fall, WeWork has reached solutions for about 90 […]

Amazon has signed a 1 million-square-foot, full-building lease in metro Phoenix, according to the Phoenix Business Journal. The company closed the 10-year deal at the Paloma Vista Logistics Center in Buckeye, Ariz. Amazon has also leased another building in the metro so far this year: Building B at The Cubes at Glendale in Phoenix’ West […]

Over the past decades, the retail investment sector has undergone significant evolution, driven by economic downturns, technological advancements, e-commerce growth and shifts in consumer behavior. With change constantly disrupting the retail landscape, investors have become more flexible and have learned how to adapt their strategies in order to effectively navigate both new opportunities and challenges. […]

Construction Resources is opening a design center at the repurposed Westside Paper in Atlanta in 2025. Image courtesy of Westbridge Construction Resources is opening a design center at the repurposed Westside Paper in Atlanta in 2025. Image courtesy of Westbridge Construction Resources is opening a design center at the repurposed Westside Paper in Atlanta in […]

The lobby at Tacoma Centre, a 200,000-square-foot office tower in Tacoma, Wash. Many of the building’s meeting and amenity spaces are designed to make the work experience as relaxing as possible. Image courtesy of Kidder Matthews A big part of the post-pandemic shift in office use is that workers often expect their spaces to provide […]

Source: PropertyShark, a Yardi Systems Inc. company Sale Price: $80,000,000 Madison Realty Capital acquired the Flushing Landmark Building, a 100,500-square-foot, three-story office building in downtown Flushing. The seller is an entity related to Victoria Realty Group’s Jeffrey Wu, which initiated a bankruptcy proceeding in 2020 that included two other companies related to properties in Manhattan, […]

Brennan Investment Group was recently involved in the acquisition of a 1.3 million-square-foot portfolio, as part of its expansion in Western U.S. metros. The Montbello Industrial Park in Denver, pictured above, is part of that portfolio. Image courtesy of Cushman & Wakefield Brennan Investment Group was recently involved in the acquisition of a 1.3 million-square-foot […]

The Irwindale, Calif., facility that Rexford Industrial acquired last October for $120 million. Image courtesy of CommercialEdge The Irwindale, Calif., facility that Rexford Industrial acquired last October for $120 million. Image courtesy of CommercialEdge The Irwindale, Calif., facility that Rexford Industrial acquired last October for $120 million. Image courtesy of CommercialEdge Rexford Industrial Realty has […]

Source: PropertyShark, a Yardi Systems Inc. company Source: PropertyShark, a Yardi Systems Inc. company Source: PropertyShark, a Yardi Systems Inc. company Sale Price: $11,400,000 Lane Capital Partners sold the 23,400-square-foot, three-story retail property in Brooklyn’s neighborhood of Greenwood Heights to a private investor. Built in 1930 and most recently renovated in 2014, the retail building […]

Cooper Street Plaza in Arlington, Texas, a retail center that Silver Star Properties REIT sold in 2023. Image courtesy of Silver Star Properties REIT Cooper Street Plaza in Arlington, Texas, a retail center that Silver Star Properties REIT sold in 2023. Image courtesy of Silver Star Properties REIT Cooper Street Plaza in Arlington, Texas, a […]

Frayer Enterprises has sold Airport Square, a 187,252-square-foot shopping center in Toledo, Ohio. A private investor from Las Vegas acquired the asset for $11.9 million. Airport Square came online in 1986, comprising four buildings spread on some 23 acres. Image courtesy of SRS Real Estate Partners. Airport Square came online in 1986, comprising four buildings […]

14501 N. Freeway includes 70,000 square feet of industrial space. Image courtesy of CommercialEdge 14501 N. Freeway includes 70,000 square feet of industrial space. Image courtesy of CommercialEdge 14501 N. Freeway includes 70,000 square feet of industrial space. Image courtesy of CommercialEdge Coffee roaster, wholesaler and distributor Farmer Brothers has signed a 54-month leasing agreement […]

With conversions a growing trend today, transforming an old office building into a modern life science space that can cater to the increasing demand for environments that support scientific research, seems like a great solution to reposition obsolete office structures. In Cambridge, Mass., an established life science cluster and innovation hub, one project stands out […]

Driven by nearly $49 billion in funding for new technologies like generative AI over the past three years, the San Francisco Bay Area maintains its rank as the top city across the globe for both innovation and talent, according to JLL’s latest Innovative Geographies report. The research study states those investments were more than New […]

Sunbelt Investment Holdings Inc. has broken ground on Buckeye Commons, a 410,000-square-foot retail center in Buckeye, Ariz. Buckeye Commons will rise south of Verrado, an 8,800-acre master-planned community. Image courtesy of Phoenix Commercial Advisors Buckeye Commons will rise south of Verrado, an 8,800-acre master-planned community. Image courtesy of Phoenix Commercial Advisors Buckeye Commons will rise […]

The 449,642-square-foot manufacturing facility is fully leased to a solar roofing manufacturer. Image courtesy of EQT Exeter The 449,642-square-foot manufacturing facility is fully leased to a solar roofing manufacturer. Image courtesy of EQT Exeter The 449,642-square-foot manufacturing facility is fully leased to a solar roofing manufacturer. Image courtesy of EQT Exeter EQT Exeter Real Estate […]

The building features 16,105-square-foot average floorplates, a fitness center and some 10,500 square feet of retail space. Image courtesy of CommercialEdge The building features 16,105-square-foot average floorplates, a fitness center and some 10,500 square feet of retail space. Image courtesy of CommercialEdge The building features 16,105-square-foot average floorplates, a fitness center and some 10,500 square […]

Wildwood Center went through multiple upgrades over the last decade. Image courtesy of Vision Properties Wildwood Center went through multiple upgrades over the last decade. Image courtesy of Vision Properties Wildwood Center went through multiple upgrades over the last decade. Image courtesy of Vision Properties Vision Properties has refinanced Wildwood Center, a 692,707-square-foot office building […]

The six-story, 248,000-square foot Bravo Building will come online in mid-2025. Image courtesy of Shorenstein Properties LLC The six-story, 248,000-square foot Bravo Building will come online in mid-2025. Image courtesy of Shorenstein Properties LLC The six-story, 248,000-square foot Bravo Building will come online in mid-2025. Image courtesy of Shorenstein Properties LLC The Teacher Retirement System […]

The newly acquired Marketplace at Seminole Towne Center, anchored by a diverse array of tenants. Image courtesy of CTO Realty Growth The newly acquired Marketplace at Seminole Towne Center, anchored by a diverse array of tenants. Image courtesy of CTO Realty Growth The newly acquired Marketplace at Seminole Towne Center, anchored by a diverse array […]

For those in CRE, does sustainability play a major role in doing business today? The CPE Executive Council shares their thoughts. Mark Rose Accelerating Investments Carbon neutrality, renewable energy and climate change will continue to be a focal point for the future. Add water and food to this equation and sustainability is fundamental to our […]

J. Wickham Zimmerman Water features are an integral part of many commercial properties, including retail centers, corporate campuses, and mixed-use destinations—where they add everything from ambiance to entertainment and can provide a soothing place of respite or an exciting attraction for visitors. But with rising operating costs coupled with sustainability expectations, are water features still […]

Oak Forest Commons features a vacant space formerly occupied by Food 4 Less. Image courtesy of Mid-America Real Estate Corp. Oak Forest Commons features a vacant space formerly occupied by Food 4 Less. Image courtesy of Mid-America Real Estate Corp. Oak Forest Commons features a vacant space formerly occupied by Food 4 Less. Image courtesy […]

Amazon has leased Building B at The Cubes at Glendale in Phoenix’ West Valley. Image courtesy of Cushman & Wakefield Amazon has leased Building B at The Cubes at Glendale in Phoenix’ West Valley. Image courtesy of Cushman & Wakefield Amazon has leased Building B at The Cubes at Glendale in Phoenix’ West Valley. Image […]

The new owner plans to implement deferred maintenance programs throughout the entire portfolio. Image courtesy of CenterSquare Investment Management and Pagewood Real Estate The new owner plans to implement deferred maintenance programs throughout the entire portfolio. Image courtesy of CenterSquare Investment Management and Pagewood Real Estate The new owner plans to implement deferred maintenance programs […]

Intel plans to invest more than $100 billion in its U.S. chip manufacturing capabilities. Image courtesy of Intel Corp. Intel plans to invest more than $100 billion in its U.S. chip manufacturing capabilities. Image courtesy of Intel Corp. Intel plans to invest more than $100 billion in its U.S. chip manufacturing capabilities. Image courtesy of […]

Today’s Federal Reserve Bank interest rate decision comes with little surprise: Benchmark rates are set to remain at a range of 5.25 to 5.5 percent. That’s where they have been since July 2023. Federal Reserve Chair Jerome Powell speaks at the March 20 press conference. Screenshot by Jordana Rothberg The decision to prolong the pause […]

Sunridge Industrial Park came online in a forested area. Image courtesy of LGE Design Build Sunridge Industrial Park came online in a forested area. Image courtesy of LGE Design Build Sunridge Industrial Park came online in a forested area. Image courtesy of LGE Design Build Stonemont Financial Group has finished construction of Sunridge Industrial Park, […]

SCHOTT expects to create around 400 permanent jobs once the Wilson manufacturing facility comes online. Image courtesy of SCHOTT Pharma SCHOTT expects to create around 400 permanent jobs once the Wilson manufacturing facility comes online. Image courtesy of SCHOTT Pharma SCHOTT expects to create around 400 permanent jobs once the Wilson manufacturing facility comes online. […]

Paramount Group has secured a 74,000-square-foot lease at 1301 Avenue of the Americas in Midtown Manhattan. Citizens Bank will occupy space in the Class A office building. Owner Paramount Group refinanced 1301 Avenue of the Americas in 2021 with a $500 million loan. Image courtesy of CommercialEdge Owner Paramount Group refinanced 1301 Avenue of the […]

Williams Equities uses a hierarchy of needs for evaluating older buildings on behalf of their clients, according to Managing Principal Michal Cohen. Image by Commercial Property Executive Sometimes, age does matter. At least, some tenants think so. When it comes to a broker’s job of getting an older property leased, everyone has a slightly different […]

Completed in 2023, the Garden City, Texas, campus provides hosting agreements for blockchain mining clients, such as Marathon, under third-party arrangements. Image courtesy of Applied Digital Applied Digital Corp. has agreed to sell a recently completed 200 MW cryptocurrency mining facility located in Garden City, Texas, to Marathon Digital Holdings, one of its customers, for […]

KPR Centers has purchased a 1.5 million-square-foot retail portfolio in Florida and the Midwest for $180 million. Kimco Realty Corp. was the eight assets’ previous owner, according to CommercialEdge data. Nagawaukee Center came online in 1994. Image courtesy of KPR Centers Nagawaukee Center came online in 1994. Image courtesy of KPR Centers Nagawaukee Center came […]

Rendering of the Medley project in Johns Creek, Ga. Image courtesy of Toro Development Co. Toro Development Co. is moving forward with Medley, its mixed-use project to take shape in Johns Creek, Ga. The firm paid $44 million for the 43-acre development parcel that includes a four-story office building, a demolished office site and parking […]

Upon completion, RITHM could encompass more than 7 million square feet of mixed-use space. Image courtesy of JLL and RD Management Upon completion, RITHM could encompass more than 7 million square feet of mixed-use space. Image courtesy of JLL and RD Management Upon completion, RITHM could encompass more than 7 million square feet of mixed-use […]

Radom Capital has received a $76 million loan for the refinancing of Montrose Collective, a 169,514-square-foot shopping center in Houston, according to CommercialEdge data. Montrose Collective is within one of Houston’s most desirable neighborhoods. Image courtesy of JLL Montrose Collective is within one of Houston’s most desirable neighborhoods. Image courtesy of JLL Montrose Collective is […]

The 13 facilities came online between 1987 and 1996 and measure 298,324 square feet. Image courtesy of Gantry The 13 facilities came online between 1987 and 1996 and measure 298,324 square feet. Image courtesy of Gantry The 13 facilities came online between 1987 and 1996 and measure 298,324 square feet. Image courtesy of Gantry Libitzky […]

“The trend of retailers analyzing their store footprint and closing underperforming locations is quite common and is likely to continue in the near term,” Brandon Isner, CBRE’s Head of Retail Research for the Americas, told Commercial Property Executive. Image courtesy of CBRE “The trend of retailers analyzing their store footprint and closing underperforming locations is […]

The facility at 1000 Coopertown Road is some 14 miles from the Port of Philadelphia. Image courtesy of RLS Logistics The facility at 1000 Coopertown Road is some 14 miles from the Port of Philadelphia. Image courtesy of RLS Logistics The facility at 1000 Coopertown Road is some 14 miles from the Port of Philadelphia. […]

The first two phases of Imeson Landing Business Park currently total 265,800 square feet of space. The second stage consists of the buildings on the bottom-right. Photo courtesy of Merritt Properties Merritt Properties has completed construction of the second phase of the Imeson Landing Business Park, comprising a pair of flex/light industrial facilities totaling 128,400 […]

The office campus will feature two 425,000-square-foot buildings. Image courtesy of Corgan The office campus will feature two 425,000-square-foot buildings. Image courtesy of Corgan The office campus will feature two 425,000-square-foot buildings. Image courtesy of Corgan KDC has topped out Wells Fargo’s $455 million Project Falcon, an office campus in Irving, Texas, a Dallas suburb. […]

The facility features 223 dock loading doors and four drive-in doors. Image courtesy of MDH Partners The facility features 223 dock loading doors and four drive-in doors. Image courtesy of MDH Partners The facility features 223 dock loading doors and four drive-in doors. Image courtesy of MDH Partners A solar panel manufacturer signed an 843,000-square-foot […]

The medical office building at 227 Centerville Road came online in 1998. Image courtesy of CommercialEdge The medical office building at 227 Centerville Road came online in 1998. Image courtesy of CommercialEdge The medical office building at 227 Centerville Road came online in 1998. Image courtesy of CommercialEdge Sendero Capital and TPG Angelo Gordon are […]

Most survey respondents believe that cap rates have peaked. Infographic courtesy of CBRE Most survey respondents believe that cap rates have peaked. Infographic courtesy of CBRE Most survey respondents believe that cap rates have peaked. Infographic courtesy of CBRE Cap rates are nearing their peak levels, foreshadowing the approach of more stable conditions in the […]

One of the medical office buildings in Franklin, Wis., acquired through the fund. Image courtesy of CommercialEdge One of the medical office buildings in Franklin, Wis., acquired through the fund. Image courtesy of CommercialEdge One of the medical office buildings in Franklin, Wis., acquired through the fund. Image courtesy of CommercialEdge Illinois-based AXSYS Capital has […]

Women have long been integral to real estate, though recognizing their achievements has yet to catch up with their efforts. Systemic disparities can persist, and they’re all-too-familiar to women in commercial real estate. This year again, in celebration of Women’s History Month, Commercial Property Executive asked female real estate professionals to share their experiences—both good […]

The industrial property at 4800 Dahlia St. was last upgraded in 2021. Image courtesy of CommercialEdge The industrial property at 4800 Dahlia St. was last upgraded in 2021. Image courtesy of CommercialEdge The industrial property at 4800 Dahlia St. was last upgraded in 2021. Image courtesy of CommercialEdge New York-based Watchung Capital has sold a […]

2PICW LLC has purchased Willow Oak Plaza, a 163,090-square-foot shopping center in Waynesboro, Va. Big V Property Group sold the asset after six years of ownership, according to public records. Willow Oak Plaza occupies some 13 acres. Image courtesy of Colliers Willow Oak Plaza occupies some 13 acres. Image courtesy of Colliers Willow Oak Plaza […]

2515 McKinney was previously known as Chateau Plaza. Image courtesy of CommercialEdge 2515 McKinney was previously known as Chateau Plaza. Image courtesy of CommercialEdge 2515 McKinney was previously known as Chateau Plaza. Image courtesy of CommercialEdge J.P. Morgan Global Alternatives, together with Stream Realty Partners, completed a multimillion-dollar improvement plan for 2515 McKinney, an office […]

PMAT has sold Downers Park Plaza, a 124,005-square-foot shopping center in Downers Grove, Ill. Broder & Sachse Real Estate purchased the asset. Downers Park Plaza came online in 1979. Image courtesy of Mid-America Real Estate Corp Downers Park Plaza came online in 1979. Image courtesy of Mid-America Real Estate Corp Downers Park Plaza came online […]

The Class A property at 2632 E. Chambers St. is within the Sky Harbor submarket. Image courtesy of Cushman & Wakefield MDC Realty Advisors has purchased a 114,907-square-foot industrial asset within Phoenix’s Sky Harbor submarket, for $24.3 million. Tenant American Refrigerator Supplies Inc. sold the property and signed a leaseback agreement. The one-story facility is […]

The Aviation Business Park now also includes a flex/R&D building. Image courtesy of St. John Properties The Aviation Business Park now also includes a flex/R&D building. Image courtesy of St. John Properties The Aviation Business Park now also includes a flex/R&D building. Image courtesy of St. John Properties St. John Properties has signed two leases […]

The front entrance to an ALDI Location. Image courtesy of ALDI ALDI is planning a massive nationwide expansion that will add 800 stores to its footprint over the next five years. The $9 billion plan announced on Thursday calls for new locations in the Northeast, Midwest and West. ALDI plans to add a combined 330 […]

Image by Nuthawut Somsuk/iStockphoto.com In this monthly series, Commercial Property Executive sits down with experts from commercial real estate service companies of all shapes and sizes, and gets their insights on what makes for the most effective property management strategies across the portfolio, tech stack and team building levels.     Office operations  New Formulas […]

“Whether rightsizing, growing or keeping space ‘as is,’ firms need to respond to their expiring leases or take advantage of current market conditions,” says Thomas Fulcher, Savills vice chairman, Mid-Atlantic region lead and director. Image courtesy of Savills “Whether rightsizing, growing or keeping space ‘as is,’ firms need to respond to their expiring leases or […]

Dalfen Industrial has signed a 101,000-square-foot lease at its Turnpike Logistics Center in West Palm Beach, Fla., with National Millwork. The arrangement represents the largest industrial lease signed in Palm Beach County year-to-date, according to CBRE. Turnpike Logistics Center came online in 2020. Image courtesy of CBRE Turnpike Logistics Center came online in 2020. Image […]

Rendering of Kilroy Realty’s 3 million-square-foot project . Image courtesy of Kilroy Realty Rendering of Kilroy Realty’s 3 million-square-foot project . Image courtesy of Kilroy Realty Rendering of Kilroy Realty’s 3 million-square-foot project . Image courtesy of Kilroy Realty The global tech hub started the year off slowly, continuing on an already decelerating path. As […]

The company’s headquarters at 5151 Allendale Lane was last expanded in 2017. Image courtesy of Carroll County Department of Economic Development The company’s headquarters at 5151 Allendale Lane was last expanded in 2017. Image courtesy of Carroll County Department of Economic Development The company’s headquarters at 5151 Allendale Lane was last expanded in 2017. Image […]

Las Olas Centre I was completed in 1997 and is LEED Gold certified. Image courtesy of Stream Realty Partners Las Olas Centre I was completed in 1997 and is LEED Gold certified. Image courtesy of Stream Realty Partners Las Olas Centre I was completed in 1997 and is LEED Gold certified. Image courtesy of Stream […]

Menlo Equities upgraded the amenity package at 4807 Stonecroft Blvd. Image courtesy of Stream Realty Partners Menlo Equities upgraded the amenity package at 4807 Stonecroft Blvd. Image courtesy of Stream Realty Partners Menlo Equities upgraded the amenity package at 4807 Stonecroft Blvd. Image courtesy of Stream Realty Partners Menlo Equities has signed a full-building, long-term […]

Josh Stoffregen-Foye, global head of media relations for CBRE Investment Management moderates a discussion between Richard Barkham, Shane Taylor, Larissa Belova, Mary Lang and Steve Dowd. Photo by Hudson Pitts, courtesy of CBRE Investment Management Josh Stoffregen-Foye, global head of media relations for CBRE Investment Management moderates a discussion between Richard Barkham, Shane Taylor, Larissa […]

North River Leerink, a joint venture between North River Co., and Leerink Development, has landed a 76,000-square-foot lease at 100 Chestnut, a life science building in the Brickbottom District of Somerville, Mass. The lease brings the 200,000-square-foot asset to a 90 percent occupancy rate. 100 Chestnut in the Brickbottom District in Somerville, Mass. Image courtesy […]

Diamond Hill Distribution features activatable rail spurs and rail doors. Image courtesy of Lovett Industrial Diamond Hill Distribution features activatable rail spurs and rail doors. Image courtesy of Lovett Industrial Diamond Hill Distribution features activatable rail spurs and rail doors. Image courtesy of Lovett Industrial A partnership between Lovett Industrial and an affiliate of Heitman […]

The 35,000-square-foot medical office building is less than 16 miles from downtown Richmond. Image courtesy of Montecito Medical The 35,000-square-foot medical office building is less than 16 miles from downtown Richmond. Image courtesy of Montecito Medical The 35,000-square-foot medical office building is less than 16 miles from downtown Richmond. Image courtesy of Montecito Medical Montecito […]

Breana Wheeler Welcome back to Sustainability Street, our podcast on the intersection of commercial real estate and the world we live. For this episode, I invited Breanna Wheeler, director of Operations for BREEAM USA, back on the program to discuss the certification organization’s impressive growth. She also previewed BREEAM’s much-anticipated Version 7, which will reflect […]

Mahesh Ramanujam, CEO, Global Network for Zero. Image courtesy of Global Network for Zero That 2023 was a tremendous year for climate pledges and actions—particularly from the carbon-intensive commercial buildings sector—is not in question. From the long-awaited launch of the 27-member Buildings Breakthrough at COP28, to the release of the White House Climate Resilience Framework, […]

Barker Cypress Distribution Center came online in 2022. Image courtesy of Colliers Barker Cypress Distribution Center came online in 2022. Image courtesy of Colliers Barker Cypress Distribution Center came online in 2022. Image courtesy of Colliers Molto Properties has signed a 142,100-square-foot long-term lease at Barker Cypress Distribution Center, in Cypress, Texas, within the West […]

Jessica Fiur, Editor-in-Chief Jessica Fiur, Editor-in-Chief Jessica Fiur, Editor-in-Chief I’m going to admit something here. Please don’t judge. I love the Netflix show Love Is Blind. You’re judging me, aren’t you? But anyway, this is a reality show where contestants talk and “fall in love” without seeing the other person, before getting engaged, moving in […]

StarPoint Properties will soon deliver Point Central Business Park, a 157,473-square-foot speculative industrial development in Denver. Point Central Business Park is designed to meet LEED certification. Image courtesy of Cushman & Wakefield Point Central Business Park is designed to meet LEED certification. Image courtesy of Cushman & Wakefield Point Central Business Park is designed to […]

Kristin Mueller of JLL believes in a flexible approach to attracting retail customers, one that combines physical locations with the digital elements of e-commerce. Image courtesy of JLL Kristin Mueller of JLL believes in a flexible approach to attracting retail customers, one that combines physical locations with the digital elements of e-commerce. Image courtesy of […]

The overwhelmingly positive sentiments around commercial real estate investment from Seyfarth’s latest survey. Chart courtesy of Seyfarth Shaw LLP The overwhelmingly positive sentiments around commercial real estate investment from Seyfarth’s latest survey. Chart courtesy of Seyfarth Shaw LLP The overwhelmingly positive sentiments around commercial real estate investment from Seyfarth’s latest survey. Chart courtesy of Seyfarth […]

Industrial tenants seeking small- to mid-size space in good locations have been having a hard time finding the right facilities. Recognizing this need, Stonemont Financial Group broke ground late last year on 429 Business Center—an industrial campus in Orlando that is set to encompass 259,000 square feet across seven buildings, which will be able to […]

Commerce Square is in the heart of the I-70 East submarket, which accounts for more than 40 percent of the metro Denver industrial inventory. Image courtesy of JLL Capital Markets Commerce Square is in the heart of the I-70 East submarket, which accounts for more than 40 percent of the metro Denver industrial inventory. Image […]

The Rise will include nearly 2 million square feet of office space. Image courtesy of Sand Hill Property Co. The Rise will include nearly 2 million square feet of office space. Image courtesy of Sand Hill Property Co. The Rise will include nearly 2 million square feet of office space. Image courtesy of Sand Hill […]

Koll Cotton Center features 78,400 square feet of office space and more than 150,000 square feet of industrial space. Image courtesy of Cushman & Wakefield Koll Cotton Center features 78,400 square feet of office space and more than 150,000 square feet of industrial space. Image courtesy of Cushman & Wakefield Koll Cotton Center features 78,400 […]

The 812,425-square-foot facility features 82 dock-high loading doors and two drive-in doors. Image courtesy of JLL The 812,425-square-foot facility features 82 dock-high loading doors and two drive-in doors. Image courtesy of JLL The 812,425-square-foot facility features 82 dock-high loading doors and two drive-in doors. Image courtesy of JLL A joint venture between Lightstone and an […]

Boyle Investment Co. has acquired The McEwen Building in Franklin, Tenn. Image courtesy of Boyle Investment Co. Boyle Investment Co. has acquired The McEwen Building in Franklin, Tenn. Image courtesy of Boyle Investment Co. Boyle Investment Co. has acquired The McEwen Building in Franklin, Tenn. Image courtesy of Boyle Investment Co. Boyle Investment Co. is […]

AXIAL Crosspoint consists of three industrial facilities totaling 558,000 square feet. Image courtesy of Crescent Communities AXIAL Crosspoint consists of three industrial facilities totaling 558,000 square feet. Image courtesy of Crescent Communities AXIAL Crosspoint consists of three industrial facilities totaling 558,000 square feet. Image courtesy of Crescent Communities Crescent Communities has completed AXIAL Crosspoint, a […]

The finished Harbor Logistics Center, which will be built at the site of a former office campus. Image courtesy of Kearny Real Estate Co. Kearny Real Estate Co. has begun the demolition of Elevate @ Harbor, a two-building, 197,370-square-foot office campus at 3100 and 3130 S. Harbor Blvd. in Santa Ana, Calif. At the site, […]

Quartermaster Plaza came online in 2004 on some 44 acres. Image courtesy of JLL Capital Markets Quartermaster Plaza came online in 2004 on some 44 acres. Image courtesy of JLL Capital Markets Quartermaster Plaza came online in 2004 on some 44 acres. Image courtesy of JLL Capital Markets The partnership between DRA Advisors and KPR […]

One Grand Central Places went through an $85 million capex program in 2008. Image courtesy of Empire State Realty Trust One Grand Central Places went through an $85 million capex program in 2008. Image courtesy of Empire State Realty Trust One Grand Central Places went through an $85 million capex program in 2008. Image courtesy […]

Baker Jarrell Property taxes are an ongoing headache for many commercial real estate owners, especially when their properties generate inadequate income. Assessors compound these frustrations when they value underperforming real estate as if it were operating on par with the market. By understanding the source of the poor performance, however, owners can build a compelling […]

Over the last two years, interest rates headed in one direction: up. Back in January 2022, the Federal Funds Effective Rate was 0.08 percent. Fast-forward to year-end 2023, and the rate was 5.33 percent. The question is less about the “what” and more about the “why” and the “how.” Specifically, why are rates rising, and […]

Hans Nordby Volatility in financial markets, interest rate uncertainty and persistently high inflation dampened investor appetite for real estate in 2023, delaying a long-anticipated recovery in the sector. Investment volumes were down vs. long-term averages and pricing became difficult to gauge. Lessees tightened their belts as corporate margins were squeezed, and consumer spending was reined […]

Rendering of the improved two-building office campus, currently undergoing a $75 million redevelopment strategy. Image courtesy of Hines Rendering of the improved two-building office campus, currently undergoing a $75 million redevelopment strategy. Image courtesy of Hines Rendering of the improved two-building office campus, currently undergoing a $75 million redevelopment strategy. Image courtesy of Hines Ivanhoé […]

The ongoing reshoring of U.S. manufacturing jobs will continue to drive industrial real estate development, according to a new report from the NAIOP Research Foundation, in partnership with Newmark. The U.S. has less than 5 billion existing square feet of statistically tracked manufacturing inventory, and market expansion could equate to more than 10 percent of […]

8726 U.S. Highway 42, located in Florence. The multi-specialty office is the largest in the portfolio. Image courtesy of CBRE 8726 U.S. Highway 42, located in Florence. The multi-specialty office is the largest in the portfolio. Image courtesy of CBRE 8726 U.S. Highway 42, located in Florence. The multi-specialty office is the largest in the […]

The 1000 Imeson Park Blvd. facility is across the street from one of RoadOne’s existing operations in Jacksonville, Fla. Image courtesy of North Signal Capital The 1000 Imeson Park Blvd. facility is across the street from one of RoadOne’s existing operations in Jacksonville, Fla. Image courtesy of North Signal Capital The 1000 Imeson Park Blvd. facility is […]

Potential bidders are eyeing WeWork and its footprint, which includes this 44,313-square-foot space at 250 East 200 South in Salt Lake City. Image courtesy of WeWork A home rental platform is the latest suitor to emerge in pursuit of WeWork. Rentberry said on Friday that it will unveil a proposal this week to acquire the […]

One of the facilities that were part of Realterm’s $1.2 billion recapitalization of a national 61-asset IOS portfolio. Image courtesy of Realterm One of the facilities that were part of Realterm’s $1.2 billion recapitalization of a national 61-asset IOS portfolio. Image courtesy of Realterm One of the facilities that were part of Realterm’s $1.2 billion […]

The office buildings at 1000 and 1100 Dexter Ave. sold for $213 per square foot. Image courtesy of Sabal Investment Holdings The office buildings at 1000 and 1100 Dexter Ave. sold for $213 per square foot. Image courtesy of Sabal Investment Holdings The office buildings at 1000 and 1100 Dexter Ave. sold for $213 per […]

CentrePort 2 is a 2017-completed, Class A warehouse. Image courtesy of JLL CentrePort 2 is a 2017-completed, Class A warehouse. Image courtesy of JLL CentrePort 2 is a 2017-completed, Class A warehouse. Image courtesy of JLL GLP Capital Partners has sold two Texas warehouses: The 430,852-square-foot CentrePort 2 in Fort Worth and the 411,460-square-foot Northwest […]

Public has been anchoring Palm Plaza since the property’s completion. Image courtesy of Colliers Public has been anchoring Palm Plaza since the property’s completion. Image courtesy of Colliers Public has been anchoring Palm Plaza since the property’s completion. Image courtesy of Colliers Forge Real Estate Partners V, a private equity fund jointly sponsored by Forge […]

Located close to downtown, Edged Atlanta features 168 MW of critical capacity. Image courtesy of Edged Energy Edged Energy, an Endeavour subsidiary focusing on carbon-neutral data center development, has launched in the U.S. with four data centers totaling more than 300 MW of critical capacity. Designed for high-density AI workloads, all four facilities will feature […]

Bob Knakal, former Chairman of New York investment sales at JLL. Image courtesy of Cushman & Wakefield Bob Knakal, former Chairman of New York investment sales at JLL. Image courtesy of Cushman & Wakefield Bob Knakal, former Chairman of New York investment sales at JLL. Image courtesy of Cushman & Wakefield JLL has let go […]

Baylor Irving MOB III is less than 13 miles from downtown Dallas. Image courtesy of CBRE U.S. Healthcare Capital Markets Baylor Irving MOB III is less than 13 miles from downtown Dallas. Image courtesy of CBRE U.S. Healthcare Capital Markets Baylor Irving MOB III is less than 13 miles from downtown Dallas. Image courtesy of […]

The industrial sector—which has been on a hot streak for several years—experienced a significant cooling-off in 2023. As we look ahead to 2024, CommercialEdge anticipates a period of stabilization and normalization in the sector. Rising interest rates may limit transactions, but stable capital costs could boost investments in 2024. Image by tifonimages/iStockphoto In 2024, rent […]

Spanish Ridge Industrial Park is in the Southwest Las Vegas submarket. Image courtesy of CapRock Partners Spanish Ridge Industrial Park is in the Southwest Las Vegas submarket. Image courtesy of CapRock Partners Spanish Ridge Industrial Park is in the Southwest Las Vegas submarket. Image courtesy of CapRock Partners A joint venture between CapRock Partners and […]

Completed in 2002, Brookside Shops is anchored by Trader Joe’s. Image courtesy of Institutional Property Advisors Completed in 2002, Brookside Shops is anchored by Trader Joe’s. Image courtesy of Institutional Property Advisors Completed in 2002, Brookside Shops is anchored by Trader Joe’s. Image courtesy of Institutional Property Advisors Crosspoint has purchased Brookside Shops, a 75,529-square-foot […]

The company entered the IOS sector, that is continuing to gain popularity. Image by Marcin Jozwiak via pixabay.com The company entered the IOS sector, that is continuing to gain popularity. Image by Marcin Jozwiak via pixabay.com The company entered the IOS sector, that is continuing to gain popularity. Image by Marcin Jozwiak via pixabay.com Green […]

Williams Square comprises four buildings totaling some 1.4 million square feet. Image courtesy of Cushman & Wakefield Williams Square comprises four buildings totaling some 1.4 million square feet. Image courtesy of Cushman & Wakefield Williams Square comprises four buildings totaling some 1.4 million square feet. Image courtesy of Cushman & Wakefield The Big 12 Conference […]

Out—executive offices and meeting rooms. In—open floorplans and lounge space. Those are among the takeaways in WeWork’s first Global Office Trends report. The traditional office concept has fundamentally and irreversibly changed, WeWork found in its first global office trends report. Image courtesy of WeWork The traditional office concept has fundamentally and irreversibly changed, WeWork found […]

First Interstate Properties has sold Shoreway Commerce Park, a 445,682-square-foot industrial campus in Cleveland. Caspian Group acquired the asset for $9 million, public records show. Shoreway Commerce Park used to house a truck manufacturer before its bankruptcy. Image courtesy of CommercialEdge Shoreway Commerce Park used to house a truck manufacturer before its bankruptcy. Image courtesy […]

25 Market Street is on the former site of a 90-year-old Marcal Paper warehouse. Image courtesy of Crow Holdings 25 Market Street is on the former site of a 90-year-old Marcal Paper warehouse. Image courtesy of Crow Holdings 25 Market Street is on the former site of a 90-year-old Marcal Paper warehouse. Image courtesy of […]

5 Times Square rises 37 stories in Midtown Manhattan. Image courtesy of CommercialEdge 5 Times Square rises 37 stories in Midtown Manhattan. Image courtesy of CommercialEdge 5 Times Square rises 37 stories in Midtown Manhattan. Image courtesy of CommercialEdge Convene has partnered with owner RXR Realty to open a new meeting and conference center at […]

Camille Renshaw has closed upward of $30 billion in deals, but she got her start in commercial real estate after a previous life as a technology entrepreneur. She became an owner when she sold a successful startup and invested some of the proceeds in commercial real estate assets. At first her goal was to become […]

The tenant is relocating its headquarters at Valley Grove III’s top floor. Image by Grace Oldroyd, courtesy of St. John Properties The tenant is relocating its headquarters at Valley Grove III’s top floor. Image by Grace Oldroyd, courtesy of St. John Properties The tenant is relocating its headquarters at Valley Grove III’s top floor. Image […]

ESRT bought the asset in the same deal that involved the Empire State Building, in 2013. Image courtesy of Empire State Realty Trust ESRT bought the asset in the same deal that involved the Empire State Building, in 2013. Image courtesy of Empire State Realty Trust ESRT bought the asset in the same deal that […]

The 144,414-square-foot facility includes 19 dock-high loading doors and two drive-in doors. Image courtesy of Seefried Properties The 144,414-square-foot facility includes 19 dock-high loading doors and two drive-in doors. Image courtesy of Seefried Properties The 144,414-square-foot facility includes 19 dock-high loading doors and two drive-in doors. Image courtesy of Seefried Properties Seefried Properties has sold […]

Therese Fitzgerald The day after Fed Chair Jerome Powell appeared on 60 minutes to repeat his message that FOMC committee members are not ready to lower interest rates, the Dow fell 300 points. In commercial real estate, however, confidence was boosted by the Fed’s most recent announcement, particularly for those who may be waiting on […]

Developers, owners and project sponsors are bracing for an economic downturn, and many of them are already pulling back from new development or stopping projects mid-stream because of rising rates or lack of available capital. MHN reports many apartment projects anticipated to begin in 2023 have either been paused until 2024 or entirely canceled. However, […]

Jackson Hsieh has been appointed president & CEO of The Macerich Co. Image courtesy of RealShare Net Lease Jackson Hsieh has been appointed president & CEO of The Macerich Co. Image courtesy of RealShare Net Lease Jackson Hsieh has been appointed president & CEO of The Macerich Co. Image courtesy of RealShare Net Lease Jackson […]

Barsan Global Logistics is the sole tenant at Port 146. Image courtesy of Triten Real Estate Partners Barsan Global Logistics is the sole tenant at Port 146. Image courtesy of Triten Real Estate Partners Barsan Global Logistics is the sole tenant at Port 146. Image courtesy of Triten Real Estate Partners Triten Real Estate Partners […]

The Cascade Building encompasses 13 dock loading doors and two drive-in doors. Image courtesy of Kidder Mathews The Cascade Building encompasses 13 dock loading doors and two drive-in doors. Image courtesy of Kidder Mathews The Cascade Building encompasses 13 dock loading doors and two drive-in doors. Image courtesy of Kidder Mathews Cleaning supplies and equipment […]

The three-story office building came online in 2008. Image courtesy of Mapletree The three-story office building came online in 2008. Image courtesy of Mapletree The three-story office building came online in 2008. Image courtesy of Mapletree Mercalis, a life sciences and pharmaceutical commercialization service provider, has renewed its full-building lease at 2250 Perimeter Park Drive, […]

Lowes Foods is one of the anchor tenants at Oakbrook Station. Image courtesy of JLL Capital Markets Lowes Foods is one of the anchor tenants at Oakbrook Station. Image courtesy of JLL Capital Markets Lowes Foods is one of the anchor tenants at Oakbrook Station. Image courtesy of JLL Capital Markets LBX Investments has sold […]

Great Hills Plaza is currently undergoing a full-building capital renovation. All images courtesy of Transwestern Real Estate Services Park Centre features floorplates averaging 33,700 square feet. The four-building Westech 360 came online in 1986. Pacific Oak Capital Advisors has tapped Transwestern Real Estate Services to lease a three-property office portfolio in Austin, Texas, measuring 521,401 […]

The property at 201 Freedom Drive in Roanoke, Texas, is one of Grainger’s facilities. Image courtesy of CommercialEdge The property at 201 Freedom Drive in Roanoke, Texas, is one of Grainger’s facilities. Image courtesy of CommercialEdge The property at 201 Freedom Drive in Roanoke, Texas, is one of Grainger’s facilities. Image courtesy of CommercialEdge Grainger […]

After a decade of planning and approvals, Related Cos. is seeking to change the mix of uses at Related Santa Clara. Image courtesy of the City of Santa Clara, Calif. After a decade of planning and approvals, Related Cos. is seeking to change the mix of uses at Related Santa Clara. Image courtesy of the […]

News about Artificial Intelligence has become inescapable over the last year thanks to ChatGPT and a wave of similar applications. Now, commercial real estate owners and investors are finding unique ways to integrate AI into their assets to drive property success. Jason Baldwin. Image courtesy of Outside the Lines Inc. One area where AI has […]

CenterPoint’s property has access to rail, which was an essential criteria for the new tenant. Image courtesy of NAI Hiffman CenterPoint’s property has access to rail, which was an essential criteria for the new tenant. Image courtesy of NAI Hiffman CenterPoint’s property has access to rail, which was an essential criteria for the new tenant. […]

The February Digital Issue of CPE Is Now Available! From the Editor Feature: Alternative Financing Is CRE’s Lifeline. Image by erhui1979/iStockphoto.com Industrial: Next Industrial Hotspot? Head South, Then Some. Image courtesy of W.P. Carey Medical Office Real Estate Trends to Watch in 2024. Image courtesy of Anchor Health Properties Ranking: 2024 Top Commercial Mortgage Banking […]

The light industrial portfolio is situated within Atlanta’s Northlake Chamblee submarket. Image courtesy of JLL The light industrial portfolio is situated within Atlanta’s Northlake Chamblee submarket. Image courtesy of JLL The light industrial portfolio is situated within Atlanta’s Northlake Chamblee submarket. Image courtesy of JLL Berkeley Partners has sold a 141,481-square-foot, three-building industrial portfolio for […]

With the start of 2024, I’ve had a chance to reflect on conversations with real estate leaders over the last year and in particular, over the last few weeks. For the last couple of years Deloitte has hosted real estate leaders’ forums, during which I’ve had an opportunity to discuss market trends and challenges with […]

Brothers International Holding Corp. has obtained a $20.5 million loan for the refinancing of Almaden Safeway Center, a 143,452-square-foot grocery-anchored shopping center in San Jose, Calif. Almaden Safeway Center comprises two buildings on 12 acres. Image courtesy of JLL Capital Markets Almaden Safeway Center comprises two buildings on 12 acres. Image courtesy of JLL Capital […]

Anchor Health Properties acquired Woodland Medical Plaza in 2018. Image courtesy of Anchor Health Properties Anchor Health Properties acquired Woodland Medical Plaza in 2018. Image courtesy of Anchor Health Properties Anchor Health Properties acquired Woodland Medical Plaza in 2018. Image courtesy of Anchor Health Properties EvergreenHealth has renewed and expanded its lease at the Woodlands […]

IGP 95/Logistics Park is the first major industrial development to be built in the area. Image courtesy of Miller Construction Co. IGP 95/Logistics Park is the first major industrial development to be built in the area. Image courtesy of Miller Construction Co. IGP 95/Logistics Park is the first major industrial development to be built in […]

Industrious at 3rd & Congress opened at 301 Congress Ave., PGIM’s 22-story Class A office building in Austin, Texas. Image courtesy of Industrious Industrious at 3rd & Congress opened at 301 Congress Ave., PGIM’s 22-story Class A office building in Austin, Texas. Image courtesy of Industrious Industrious at 3rd & Congress opened at 301 Congress […]

While many of us have already given up on our personal New Years resolutions (resolving to go to the gym for two hours before work every day was lofty and unattainable. Plus the smoothie bar wasn’t open that early, so what’s even the point?), now is still a good time to think about our professional […]

Rendering of an 848 Brickell balcony. Image courtesy of Sterling Bay Rendering of an 848 Brickell balcony. Image courtesy of Sterling Bay Rendering of an 848 Brickell balcony. Image courtesy of Sterling Bay Sterling Bay, a national real estate development firm known for building creative office and mixed-use projects, is teaming up with Key International […]

Terreno Realty Corp. has begun work on the $64 million redevelopment of 1855 W. 139th St., a 231,000-square-foot industrial property in Gardena, Calif. Plans call for the demolition and redevelopment of the two existing buildings. The 1855 W. 139th St. buildings also feature 20,000 square foot showroom. Image courtesy of CommercialEdge The 1855 W. 139th […]

Fisher Brothers renovated Park Avenue Plaza in 2015 and achieved LEED and WELL certifications. Image courtesy of CommercialEdge Fisher Brothers renovated Park Avenue Plaza in 2015 and achieved LEED and WELL certifications. Image courtesy of CommercialEdge Fisher Brothers renovated Park Avenue Plaza in 2015 and achieved LEED and WELL certifications. Image courtesy of CommercialEdge Fisher […]

Northpath Investments has purchased Metro Shops, a 160,623-square-foot retail center in Hyattsville, Md. Washington Metropolitan Area Transit Authority sold the asset for $26.3 million, according to CommercialEdge data. Completed in 2007, Metro Shops comprises four buildings spread on a 6.6-acre site. Image courtesy of JLL Capital Markets Completed in 2007, Metro Shops comprises four buildings […]

Uma Moriarity, Global ESG Lead, CenterSquareInvestment Management. For investors, an understanding of environmental, social and governance considerations has quickly gone from a nice-to-have to a must-have, according to Uma Moriarity, global ESG lead for CenterSquare Investment Management. And that will only intensify given mounting regulation and the increasing frequency of extreme weather events. Welcome Back […]

Empire State Building underwent a $650 million capital improvement program. Image courtesy of Empire State Realty Trust Empire State Building underwent a $650 million capital improvement program. Image courtesy of Empire State Realty Trust Empire State Building underwent a $650 million capital improvement program. Image courtesy of Empire State Realty Trust Empire State Realty Trust […]

Meta’s new data center in Jeffersonville, Ind., is scheduled to start operations in 2026. Image courtesy of Meta Platforms Meta Platforms is set to expand its data center footprint in the Midwest with the construction of an $800 million, 700,000-square-foot campus in Jeffersonville, Ind., officials said on Thursday. Construction will begin later this month, and […]

Junction Business Park in San Jose changed hands for $31 million. Image courtesy of Cushman & Wakefield Junction Business Park in San Jose changed hands for $31 million. Image courtesy of Cushman & Wakefield Junction Business Park in San Jose changed hands for $31 million. Image courtesy of Cushman & Wakefield Stockbridge Capital Group has […]

The real estate market will continue its tumultuous ride heading into 2024. Escalating business costs, weather-related catastrophes, high interest rates, nuclear verdicts and crime will persist, impacting profitability and burdening the industry. Reduced demand for office space will also have an impact as real estate owners and investors pivot, seeking new uses for commercial spaces. […]

A rendering of the future PowerHouse 95 Data Center. Image courtesy of PowerHouse Data Centers Less than one week after closing on property for its first Reno, Nev., site, PowerHouse Data Centers has completed the purchase of 145 acres along the I-95 corridor in Spotsylvania, Va., to develop an 800 MW data center campus. PowerHouse […]

We’re ready to honor your achievements! The 2024 CPE Influence Awards recognize the commercial real estate industry’s most noteworthy properties, projects and transactions. Does your office have amenities that attract new tenants? Are you the top broker at your firm? Were you able to successfully reposition a property? We want to celebrate your successes. We […]

Winthrop Center features 812,000 square feet of office space. Image courtesy of Millenium Partners Winthrop Center features 812,000 square feet of office space. Image courtesy of Millenium Partners Winthrop Center features 812,000 square feet of office space. Image courtesy of Millenium Partners Millenium Partners has inked a 39,000-square-foot leasing agreement at Winthrop Center, a 1.8 […]

Lisa Pendergast, Executive Director, CREFC. Image courtesy of CREFC Lisa Pendergast, Executive Director, CREFC. Image courtesy of CREFC Lisa Pendergast, Executive Director, CREFC. Image courtesy of CREFC The latest Board of Governors Sentiment Index from the CRE Finance Council indicates a notable shift in industry sentiment, while marking the largest quarterly increase since the survey’s […]

A Realty Income Corp. retail property in Minnesota. Image courtesy of CommercialEdge A Realty Income Corp. retail property in Minnesota. Image courtesy of CommercialEdge A Realty Income Corp. retail property in Minnesota. Image courtesy of CommercialEdge The merger between Realty Income Corp. and Spirit Realty Capital, a deal that was announced in late October, will […]

Alterra IOS, a leader in the industrial outdoor storage sector, has acquired 17 properties in a sale-leaseback deal with TruGreen, the nation’s largest lawn care company, with a total of 350,000 square feet of buildings across 44 acres in 15 U.S. markets. Alterra IOS has acquired 17 properties, including 594 Greenhill Drive in Round Rock, […]

Jeffrey DeBoer, Founding President & CEO of The Real Estate Roundtable, accepts the CPE Influence Awards’ inaugural lifetime achievement award and delivers the keynote address. Jeffrey DeBoer, Founding President & CEO of The Real Estate Roundtable, accepts the CPE Influence Awards’ inaugural lifetime achievement award and delivers the keynote address. Jeffrey DeBoer, Founding President & […]

The 330,000-square-foot 33 N. Dearborn St., together with the 540,000-square-foot One East Wacker, are currently undergoing capital improvements. Image courtesy of CommercialEdge The 330,000-square-foot 33 N. Dearborn St., together with the 540,000-square-foot One East Wacker, are currently undergoing capital improvements. Image courtesy of CommercialEdge The 330,000-square-foot 33 N. Dearborn St., together with the 540,000-square-foot One […]

Given its location, the Monroe Street portfolio got significant investor interest. Image courtesy of JLL Capital Markets Given its location, the Monroe Street portfolio got significant investor interest. Image courtesy of JLL Capital Markets Given its location, the Monroe Street portfolio got significant investor interest. Image courtesy of JLL Capital Markets Triple BAR Group has […]

The property was previously owner occupied. Image courtesy of CommercialEdge The property was previously owner occupied. Image courtesy of CommercialEdge The property was previously owner occupied. Image courtesy of CommercialEdge Brennan Investment Group has acquired a 263,000-square-foot industrial facility in Cincinnati, Ohio, from Intelligrated, a subsidiary of Honeywell International. The buyer paid $14.9 million for […]

Tesla will conduct regional distribution services at this Class A facility. Image courtesy of Greenville Area Development Corp. Tesla will conduct regional distribution services at this Class A facility. Image courtesy of Greenville Area Development Corp. Tesla will conduct regional distribution services at this Class A facility. Image courtesy of Greenville Area Development Corp. Tesla […]

Travelers Insurance has signed a lease with MacKenzie Cos. to occupy 65,214 square feet at 10 North Park in Hunt Valley, Md., near Baltimore. This fall, the firm will relocate from 111 Schilling Road, where it occupies 123,375 square feet, Commercial Observer reported. Cushman & Wakefield represented the tenant in the transaction, while MacKenzie Commercial […]