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CPE May 2025 Issues From the Editor Feature. Rendering of Industrious Lever House coworking space, which will be adjacent to CBRE’s new offices in New York City. Image provided by Moxie Communications Group Life Science. Illustration by Filo/iStockphoto.com Retail. Image courtesy of Whitestone REIT Economist’s View. Image by MassimoVernicesole/iStockphoto.com CDO Stack. Image by gremlin/iStockphoto.com Transactions. […]

Arbor Lakes Business Park in Maple Grove, Minn. Image courtesy of PCCP. PCCP LLC and Endeavor Development are launching the third phase of construction at Arbor Lakes Business Park, an industrial development in Maple Grove, Minn. The project will add 197,964 square feet to the prior phases, which total some 850,000 square feet across four […]

There are many challenges related to developing a new property, especially when it comes to navigating regulatory hurdles. This month the CPE Executive Council share some of the challenges they’re facing. Doug Ressler An In-Depth Look Developing new properties often involves navigating a complex landscape of regulatory hurdles. Local zoning laws can restrict the type […]

StepStone currently occupies almost 50,000 square feet at 277 Park Ave., in Manhattan. Image courtesy of CommercialEdge StepStone Real Estate has closed StepStone Real Estate Partners V, its fifth flagship fund dedicated to real estate secondaries. At $3.8 billion in primary commitments, it is the largest secondaries fund ever raised, according to the company. Including […]

The new headquarters of Grover Biopharma is at 400 N. Aberdeen St. Image courtesy of Trammell Crow Co. Grove Biopharma has signed a 17,000-square-foot lease for science-ready lab space in Chicago’s Fulton Market neighborhood. The 423,460-square-foot property, located at 400 N. Aberdeen St., is part of Trammell Crow Co.’s Fulton Labs. CBRE’s Dan Lyne represented […]

Completed in 1978, the one-story facility was most recently renovated in 2013. Image courtesy of CommercialEdge PSAI Realty Partners has landed a $51 million loan backed by a 138,410-square-foot facility in Sunnyvale, Calif., according to CommercialEdge information. City National Bank’s Los Angeles branch originated the 10-year financing. The Class B property occupies 8 acres at […]

Completed in 2004, the distribution center is roughly 13 miles from downtown Greenville. Image courtesy of Atlanta Property Group Atlanta Property Group has entered the Greenville, S.C., market with the acquisition of a Class A distribution center spanning 173,000 square feet in Greer, S.C. Fastener company Lindstrom previously owned the asset, CommercialEdge information shows. The […]

The Giant-anchored Suburbia Shopping Center was 85 percent leased at the time of the sale. Image courtesy of JLL An affiliate of High Real Estate Group has purchased Suburbia Shopping Center, a 154,219-square-foot retail property in Pottstown, Pa., from The Gambone Group. The property traded for $23.8 million, according to CommercialEdge data. To finance the […]

What a difference a quarter makes. Following a record high of 126.6 at the end of the fourth quarter, the CRE Finance Council’s Board of Governors Sentiment Index has plummeted to 87.9—a fall of 30.5 percent. This was the second-largest drop in the index’s history, and was surpassed only by the pandemic’s onset in the […]

Synergy’s new high-rise, 99 High Street in Boston, was completed in 1971 and had some $24 million in capital improvements invested over the past decade. Image courtesy of Synergy Synergy has acquired 99 High St., a 32-story Class A office tower in Boston’s Financial District, for $227 million from Nuveen. This is roughly $100 million […]

Source: S&P Global Market Intelligence As of April 7, publicly traded U.S. equity REITs posted a one-year average dividend yield of 3.91 percent. The office REIT sector recorded the highest one-year average dividend yield among this group, at 5.20 percent, outperforming the broader Dow Jones Equity All REIT index by 1.29 percentage points. The 10-Year […]

Source: Mortgage Bankers Association Commercial mortgage delinquencies increased in the fourth quarter of 2024, according to the Mortgage Bankers Association’s latest commercial delinquency report. Commercial mortgage delinquency rates increased in the fourth quarter of 2024, with the exception of life company loans, which showed a slight decrease. Even with certain market challenges such as low […]

Prologis invested $646 million in new industrial developments during this year’s first quarter. Image courtesy of Prologis Prologis and Broadstone Net Lease will develop a $78.2 million build-to-suit industrial project encompassing 422,000 square feet in Forsyth, Ga. Slated for delivery in the summer of 2026, the facility is set to be home to Fiat Chrysler […]

The wave of distress forecasted since the pandemic is now taking shape, particularly in large urban office properties facing weakened demand and expiring leases, the latest CommercialEdge report shows. In 2024, distressed office deals rose to 25 million square feet. Image by Terroa/iStockphoto.com Office attendance remains low, with Kastle’s Back to Work Barometer showing average […]

Source: PropertyShark, a Yardi Systems Company Sale Price: $27.5 million Nonprofit organization Christian Advocates Serving Evangelism has sold the 9,765-square-foot retail property in the borough’s Lenox Hill neighborhood. The buyer is Kassin Sabbagh Realty, known as KSR. The property previously traded in 2022, when French retailer Liaigre sold it for $16.5 million. Originally built in […]

Buchanan Capital’s new property is part of the larger, 1.5 million-square-foot Innovation Business Park in Hutto, Texas. Image courtesy of Buchanan Capital Partners Buchanan Capital Partners has acquired an industrial asset in Hutto, Texas, within the larger Austin metro area. Innovation Business Park 8, the firm’s latest foray into the Austin market, is a newly […]