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Los Angeles Office Market Still Pricy

9000 Wilshire Blvd. changed hands in January. Image courtesy of CommercialEdge In the first five months of 2024, Los Angeles’ office market continued to struggle with new supply, while the metro’s under-construction pipeline was still on a downward trend, according…

VanTrust to Build Sephora’s New Midwest Distribution Center

Sephora’s Midwest distribution center takes up the entirety of Avon Landings Commerce Park’s second phase. Image courtesy of VanTrust Real Estate VanTrust Real Estate will develop a 746,672-square-foot build-to-suit facility for Sephora in Avon, Ind. The 61-acre property will serve…

Related Cos.’ Ross Steps Down, Launches New Firm

Stephen Ross, the founder & chairman of the Related Cos. LP., is stepping down after spending 52 years leading one of the largest commercial real estate development firms in the country. Stephen Ross cuts the ribbon at the 50 Hudson…

Tishman Speyer Debuts Debt Platform

Tishman Speyer has formed a platform to originate commercial real estate loans tied to institutional-quality U.S. residential, industrial, life science, office and other mixed-use projects and portfolios in the country’s largest metros. In his newly created role of managing director…

Bixby JV Sells Inland Empire Industrial Facility

The one-story building at 19949 Kendall Drive. Image courtesy of CommercialEdge Overton Moore Properties has purchased 19949 Kendall Drive, a 104,500-square-foot industrial property in San Bernardino, Calif. A joint venture between Bixby Land Co. and a global investment manager sold…

Geis JV Completes Fort Myers Industrial Campus

The four-building campus is 70 already percent leased. Image courtesy of The Geis Development A joint venture between Geis Cos. subsidiary The Geis Development and Westminster Capital has delivered Meridian Business Park, a four-building, 208,000-square-foot distribution center in Fort Myers,…

Vertical Cold Storage to Buy 109 KSF Alabama Facility

Dothan Warehouse expanded the USDA-certified facility in 2023. Image courtesy of Vertical Cold Storage Vertical Cold Storage will acquire its 10th cold storage facility, in Dothan, Ala. Sponsored by Platform Ventures, the company entered into an acquisition agreement that is…

Adler Pays $38M for Denver Light Industrial Facility

Adler Real Estate Partners has purchased Valley Business Center, a 204,981-square-foot light industrial property in Denver. BKM Capital Partners sold the asset for $37.7 million, according to CommercialEdge data. Tenants at Valley Business Center have an average lease term of…

Cypress West JV Buys San Diego MOB

The four-story medical office building underwent cosmetic renovations. Image courtesy of JLL Capital Markets Cypress West Partners, in a joint venture with TPG Angelo Gordon, has acquired Chula Vista Medical Arts II, a nearly 37,000-square-foot medical office building in Chula…

Lovett Industrial to Build 298 KSF Inland Empire Facility

Schaefer Logistics Center will come online by the end of next year. Image courtesy of Lovett Industrial Lovett Industrial has obtained entitlements for the development of Schaefer Logistics Center, a 298,000-square-foot industrial facility in Chino, Calif., within the Inland Empire…