Category: Real Estate

Trinity Capital Advisors, of Charlotte and Raleigh, N.C., and San Diego, has partnered with Foundation Capital Ventures, of Encinitas, Calif., to establish Foundation, a new Trinity Capital portfolio company that is focused on real estate solutions that support the growth of the life science, technology and innovation sectors across the U.S. Foundation will be led […]

George Mitsanas One of the best markets for commercial mortgage bankers in modern history lasted for more than a decade and was followed by one of the most disruptive periods between Q3 2022 and Q4 2023. Right now, 2024 is looking like the beginning of a positive correction into a higher-rate environment and shifting fundamentals […]

The Seagis portfolio includes assets in New Jersey, New York City and South Florida. Image courtesy of JLL The Seagis portfolio includes assets in New Jersey, New York City and South Florida. Image courtesy of JLL The Seagis portfolio includes assets in New Jersey, New York City and South Florida. Image courtesy of JLL Seagis […]

One of the residential buildings that will be part of the 215-acre Wyld Oaks. Image courtesy of Evans Properties One of the residential buildings that will be part of the 215-acre Wyld Oaks. Image courtesy of Evans Properties One of the residential buildings that will be part of the 215-acre Wyld Oaks. Image courtesy of […]

Range Commercial Partners has been tapped to oversee the leasing efforts of Crosspointe Logistics Center. Image courtesy of Range Commercial Partners Range Commercial Partners has been tapped to oversee the leasing efforts of Crosspointe Logistics Center. Image courtesy of Range Commercial Partners Range Commercial Partners has been tapped to oversee the leasing efforts of Crosspointe […]

DRA Advisors and Rising Realty Partners have purchased an industrial portfolio totaling 531,308 square feet in Tracy and Stockton, Calif. JLL Capital Markets brokered the sale of the six-building collection, working on behalf of the seller and procuring the buyers. The six-building portfolio provides access to major air and seaports. Image courtesy of JLL Capital […]

Accounting and consulting firm Meisel, Tuteur & Lewis P.C. has signed a 22,000-square-foot long-term lease at 105 Eisenhower Parkway in Roseland, N.J. The owner is Vision Real Estate Partners, according to CommercialEdge data. JLL represented the tenant and Newmark worked for the ownership. 105 Eisenhower Parkway last traded in 2016 for $7 million. Image courtesy […]

Talavi Corporate Center underwent renovations in 2014. Image courtesy of Newmark. Talavi Corporate Center underwent renovations in 2014. Image courtesy of Newmark. Talavi Corporate Center underwent renovations in 2014. Image courtesy of Newmark. Texas-based investment firm Woodside has entered the Arizona market with the acquisition of Talavi Corporate Center, a 153,332-square-foot office and medical office […]

The core aspect of the IOS business is an imbalance between supply and demand, according to Matthew Pfeiffer, Managing Partner & CIO, Alterra Property Group. Image courtesy of Alterra Property Group LLC The core aspect of the IOS business is an imbalance between supply and demand, according to Matthew Pfeiffer, Managing Partner & CIO, Alterra […]

The redeveloped 600 Federal Street. Image courtesy of CBRE The redeveloped 600 Federal Street. Image courtesy of CBRE The redeveloped 600 Federal Street. Image courtesy of CBRE A joint venture between Celera Properties and True North Management Group has completed the first phase of the 250,000-square-foot Andover Technology Park. The redevelopment project involves the repurposing […]

Logo courtesy of LinkedIn Commercial Property Executive’s reader polls are now being posted bi-weekly on LinkedIn. We want to hear your thoughts on all things commercial real estate, from development, investment and property management to predictions around the economy, as well as asset and regional market performances. Click here to access our latest poll, and […]

The warehouse at 609 S. Kirk Road encompasses nearly 505,000 square feet. Image courtesy of Venture One The warehouse at 609 S. Kirk Road encompasses nearly 505,000 square feet. Image courtesy of Venture One The warehouse at 609 S. Kirk Road encompasses nearly 505,000 square feet. Image courtesy of Venture One VK Industrial VI LP, […]

Charleston Global Crossing is the only under-construction bulk building close to the Port of Charleston and Charleston’s CBD. Image courtesy of Robinson Weeks Partners Charleston Global Crossing is the only under-construction bulk building close to the Port of Charleston and Charleston’s CBD. Image courtesy of Robinson Weeks Partners Charleston Global Crossing is the only under-construction […]

Commercial Property Executive’s final reader poll of 2023 asked respondents to identify their biggest challenges going into the new year. At the tail end of a year that had both difficulties and opportunities for commercial real estate investment, development and operations, respondents had one chief challenge that stood above the rest: interest rates. In contrast […]

The 320,250-square-foot warehouse will rise in the Delaware Valley, between Philadelphia and New York City. Image courtesy of JLL The 320,250-square-foot warehouse will rise in the Delaware Valley, between Philadelphia and New York City. Image courtesy of JLL The 320,250-square-foot warehouse will rise in the Delaware Valley, between Philadelphia and New York City. Image courtesy […]

Heritage Industrial Center marks EQT Exeter’s second industrial project from Rockefeller Group in the past year. Image courtesy of Rockefeller Group Heritage Industrial Center marks EQT Exeter’s second industrial project from Rockefeller Group in the past year. Image courtesy of Rockefeller Group Heritage Industrial Center marks EQT Exeter’s second industrial project from Rockefeller Group in […]

Austin’s robust and growing economy, coupled with a thriving technology sector and business-friendly environment continue to fuel significant growth in the metro’s office development. According to CommercialEdge data, the active pipeline comprised approximately 5.7 million square feet of office space spread across 36 properties as of November 2023. Construction activity was focused in downtown Austin, where eight […]

Tampa Airport Logistics was fully leased at the time of the transaction. Image courtesy of Cushman & Wakefield Tampa Airport Logistics was fully leased at the time of the transaction. Image courtesy of Cushman & Wakefield Tampa Airport Logistics was fully leased at the time of the transaction. Image courtesy of Cushman & Wakefield PCCP […]

The January 2024 Digital Digest From the Editor 2024 Forecast: Is an Investment Comeback Ahead? Image by MicroStockHub/iStockphoto.com Trend: Attracting Tenants in Core Life Science Markets. Rendering courtesy of The RMR Group Trend: Why Coworking Is Catching On. Image courtesy of TPG Architecture. CDO Stack: Predictions for 2024. Image by Liudmilla Chernetska/iStockphoto.com 700 Milan Drive. […]

Jackson Health Village came online between 2014 and 2015. Image courtesy of JLL Capital Markets Jackson Health Village came online between 2014 and 2015. Image courtesy of JLL Capital Markets Jackson Health Village came online between 2014 and 2015. Image courtesy of JLL Capital Markets Horizon Equities has acquired Jackson Health Village, a 150,000-square-foot medical […]

Armada Hoffler Properties has signed a new office lease at Armada Hoffler Tower, the 362,500-square-foot Class A office building in Virginia Beach, Va., that also serves as its corporate headquarters. The new tenant is KPMG LLP, a U.S. audit, tax and advisory firm that will occupy 13,044 square feet, bringing the property’s occupancy to 98 […]

Blackhawk Medical Center is a three-building medical and office campus. Image courtesy of Big Sky Medical Blackhawk Medical Center is a three-building medical and office campus. Image courtesy of Big Sky Medical Blackhawk Medical Center is a three-building medical and office campus. Image courtesy of Big Sky Medical Big Sky Medical has entered the Phoenix […]

700 Milan Drive. Image by Evan Petty, Aerial Imaging courtesy of Westcore Properties READ THE DIGEST !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}(); !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}(); To have your transaction featured, submit details to Agota Felhazi at [email protected]. Read the January 2024 issue of CPE. The post […]

The Auburn facility is situated on the MultiCare Auburn Hospital Campus in Washington. Image courtesy of Newmark Anchor Health Properties, in a joint venture with Australian Retirement Trust, has acquired a three-property medical office portfolio in the Seattle and Charlotte, N.C., markets. The undisclosed previous owner sold the assets for $62 million. Newmark facilitated the […]

The Atrium at Broken Sound. Image courtesy of CommercialEdge data Meyers Accesso has acquired The Atrium at Broken Sound, an almost 100,000-square-foot, three-story Class A office property at 6111 Broken Sound Parkway N.W., in Boca Raton, Fla. The property is within The Park at Broken Sound, a 700-acre mixed-use development that offers walkable proximity to […]

Maturing office loans are concentrated in primary markets. Image by Sean Pavone/iStockphoto The office sector is poised for a surge in loan defaults as demand for office space declines, expenses rise and property values fall. CommercialEdge’s loan data analysis reveals that nearly $150 billion in office loans are set to mature by the end of […]

Palm Valley Pavilions West was built in 1994. Image courtesy of Vestar RA Centers has purchased Palm Valley Pavilions West, a 232,573-square-foot power retail center in Goodyear, Ariz. The new owner selected Vestar as the manager for the shopping center, which was 99 percent leased at the time of the sale. Cushman & Wakefield brokered […]

A Phoenix Investors affiliate has acquired the 785,000-square-foot industrial facility at 3231 Paul R Lowry Road in Memphis, Tenn. Image courtesy of Phoenix Investors An affiliate of Phoenix Investors has acquired a 785,000-square-foot industrial facility in Memphis, Tenn. Electrolux was the previous owner of the property at 3231 Paul R Lowry Road. Savills Senior Managing […]

Prominent ports reverted to pre-pandemic activity levels, influenced by subdued demand and changing consumer preferences. Image by Vanit Janthra/iStockphoto.com In 2023, the industrial sector underwent significant changes characterized by the normalization of port activity, a surge in North American manufacturing and the impact of interest rate hikes on transactions and development, according to the latest […]

Grand Union Supermarket at Freedom Plaza. Image courtesy of Octave Holdings and Investments Octave Holdings and Investments LLC has entered the New York retail market with the acquisition of Freedom Plaza, a 197,219-square-foot grocery-anchored shopping center in Rome, N.Y., from DRA Advisors. The price of the transaction was not disclosed. The purchase, made through Octave […]

The commercial spaces at DFW Corporate Park have been recently updated with modern fixtures and upgraded materials. Image courtesy of Gantry Gantry has secured a total of $23.4 million of senior financing and preferred equity to capitalize the acquisition of DFW Corporate Park, a 211,385-square-foot industrial park in Grand Prairie, Texas. GPR Ventures purchased the […]

Ryan Tower will come online by 2024’s third quarter. Image courtesy of Ryan Cos. The Dallas office market has been giving off mixed signals, as construction starts significantly increased year-over-year, clashing with the overall landscape. Investment activity did however experience a significant drop in the past 12 months, as prices also fell by 15.0 percent. […]

Richard Barkham, Global Chief Economist & Head of Global and Americas Research, CBRE. Image courtesy of CBRE CBRE expects an economic slowdown in the U.S. next year that will impact commercial real estate with bank lending remaining tight throughout 2024, investment volume decreasing 5 percent, cap rates expanding and property values declining. But the U.S. […]

Building 200 at 9909 Pritchard Blvd. is fully occupied by IPEX USA LLC. Image courtesy of CBRE Clarion Partners LLC has acquired a 300,240-square-foot, Class A industrial building in Jacksonville, Fla., on behalf of a separate account. CBRE arranged the transaction. The seller was CT Realty in a joint venture with Diamond Realty Investments. The […]

The building at 1640 Sepulveda Blvd. underwent renovations worth more than $11 million within the last decade. Image courtesy of Harbor Associates Harbor Associates LLC and F&F Capital Group purchased 1640 Sepulveda Blvd., a 164,683-square-foot office building in Los Angeles, for $44.7 million. Goldman Sachs Asset Management was the property’s seller, according to CommercialEdge data. […]

1660 Lincoln St. rises 31 stories in downtown Denver. Image courtesy of CommercialEdge New York-based flexible office provider Coalition Space will open a new coworking location spanning 16,000 square feet in downtown Denver. The firm signed an agreement with landlord Westport Capital Partners for the space at 1660 Lincoln St., slated to open in January […]

After recently undergoing an extensive adaptive reuse process, The Domino Sugar Factory building in Williamsburg is now part of a bustling zone on Brooklyn’s waterfront. The 150-year-old plant closed down in 2004, but three years later, the New York Landmark Preservation Commission designated three components of the property as a landmark site, a classification that […]

An ALDI store anchors Buena Park Place. Image courtesy of JLL Capital Markets SITE Centers Corp. has sold Buena Park Place, a 208,572-square-foot grocery-anchored shopping center in Buena Park, Calif. The Orange County asset was fully leased at the time of sale. JLL Capital Markets brokered the transaction. Managing Directors Bryan Ley, Gleb Lvovich and […]

1345 Avenue of the Americas went through a large-scale capital improvement project that involved the addition of an amenity floor. Image courtesy of CommercialEdge In the largest office lease of the year, Fisher Brothers and institutional investors advised by J.P. Morgan Global Alternatives have signed a 20-year, 765,000-square-foot agreement at 1345 Avenue of the Americas, […]

Figueroa at Wilshire is the ninth-tallest building in Los Angeles. Image courtesy of CommercialEdge Brookfield Properties has selected Avison Young as leasing agent for Figueroa at Wilshire, a 1.1 million-square-foot Class A+ office tower in Los Angeles’ Financial District. Principal John Eichler and Senior Vice President Tyler Stark will oversee leasing at the 52-story trophy […]

Electric vehicle manufacturer Rivian has selected Clayco to construct its $5 billion plant on an 1,800-acre site in Stanton Springs, Ga. Image courtesy of Rivian and Clayco Electric vehicle manufacturer Rivian has selected Clayco to construct its $5 billion, 16 million-square-foot plant on an 1,800-acre site in Stanton Springs, Ga., about 40 minutes outside Atlanta […]

9000 Wilshire Blvd. in Beverly Hills, Calif., marks the Skanska’s first project in the Los Angeles region. Image courtesy of Skanska Skanska has sold an office building in Beverly Hills, Calif., for approximately $71 million. A Europe-based company acquired the asset, 9000 Wilshire. Standing four stories tall, the office building is 50,148 square feet, according […]

The MetLife Building remains one of the 100 tallest buildings in the U.S. Image courtesy of Tishman Speyer Co-owners Tishman Speyer and Irvine Co. have signed an 11-year lease extension with MetLife at 200 Park Avenue, a 3.1 million-square-foot office building in New York City. MetLife will maintain its headquarters at its namesake Manhattan tower […]

Join the CPE team as we announce the winners of the 2023 Influence Awards, featuring a keynote from our Lifetime Achievement Award winner Jeffrey DeBoer, president & CEO of The Real Estate Roundtable. The event will take place on January 18th at 1 est. Register for the free event. Jeffrey DeBoer, president & CEO, The […]

BroadRange Logistics currently occupies more MDH-owned facilities in different states, such as Pennsylvania, Indiana and Georgia. Image courtesy of MDH Partners MDH Partners has signed a 350,899-square-foot lease at Ocala Logistics Center, an industrial building in Ocala, Fla. BroadRange Logistics will occupy the whole facility. Avison Young Principal and Managing Director Clay Witherspoon represented the […]

Berry Creek Business Park will comprise three industrial buildings. Image courtesy of Transwestern Investment Group A joint venture between Fidelis Industrial and Transwestern Investment Group—acting on behalf of a separately managed account—has acquired 56 acres in Georgetown, Texas, for the development of Berry Creek Business Park, an industrial campus that is expected to measure 520,571 […]

Geoff Bomba In the ongoing effort to maximize the use of materials in the built environment and minimize carbon impacts, the movement toward designing buildings for eventual reuse of parts and materials is gaining new impetus with advancements in technology and industry innovation. At Forell Elsesser, we are adding Deconstruction Drawings to our plans to […]

Ryan Mallory believes that in 2024, forward-thinking leaders will diversify their footprints into new, regional markets, aiming to circumvent supply chain constraints of primary metros. Image courtesy of Flexential Data centers have racked up another spectacular year. Despite a slowing economy and a business environment marked by uncertainty, the industry has seen strong fundamentals, with […]

5505 Waterford, currently anchored by Lennar. Image courtesy of CBRE Franklin Street Properties has completed the $68 million sale of 5505 Waterford at Blue Lagoon, a 213,182-square-foot Class A office building in Miami’s Airport South submarket. The property, the former headquarters of Burger King and current base of operations of Lennar, was sold to an […]

60 Sylvan Road on the Alexandria Center for Life Science – Waltham mega-campus. Image courtesy of Alexandria Real Estate Equities Inc. Alexandria Real Estate Equities Inc. has signed a long-term lease for the 165,940-rentable-square-foot building at 60 Sylvan Road on its Alexandria Center for Life Science – Waltham mega-campus in metro Boston. The future tenant […]

Source: Mortgage Bankers Association Commercial mortgage delinquencies increased in the third quarter of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report, released earlier this month. Not unexpectedly, delinquency rates on commercial mortgages increased for the third consecutive quarter. Every major capital source saw delinquency rates rise, driven by higher interest rates, […]

860 Broadway formerly served as Andy Warhol’s studio. Image courtesy of JLL Fintech firm Valon Technologies has signed a leasing agreement with owner Gordon Property Group for 13,815 square feet at 860 Broadway in Manhattan, at a price per square foot of $68. The tenant will occupy the entire fourth floor, relocating from a coworking […]

Fairfield Industrial Center’s Building One totals 205,223 square feet. Image courtesy of Trammell Crow Co. Trammell Crow Co., in joint venture partnership with Clarion Partners, has completed construction on the first phase of Fairfield Industrial Center in Fairfield, Calif. Building One is a 205,223-square-foot, Class A facility, currently available for lease. CBRE and Cushman & […]

Melbourne Shopping Center was 92.4 percent leased at the time of sale. Image courtesy of CommercialEdge Brookwood Financial Partners has purchased Melbourne Shopping Center, a 211,006-square-foot Publix-anchored retail center in Melbourne, Fla. SITE Centers was the previous owner, according to CommercialEdge data. JLL Capital Markets represented the seller, procured the buyer and arranged the acquisition […]

Building 41 is part of Countyline Corporate Park Phase IV. Image by Claudio Schwarz via Unsplash.com Terreno Realty Corp. has completed Countyline Corporate Park Phase IV’s Building 41, a 191,000-square-foot industrial facility in Hialeah, Fla. The property is already 100 percent leased to an international logistics company. Countyline Corporate Park Phase IV is a 121-acre […]