GBI Special Report: Leveraging Frameworks, Navigating Risks
During Green Buildings Initiative’s Better Buildings Seminar, a panel examined the design and construction of a data center in Reno, Nev. PowerHouse Data Centers and partners HKS Architecture and Bala Consulting Engineers sought to grasp the distinctive environmental risks of…
New Jersey’s Industrial Sales Lead Nation
New Jersey’s industrial sector continued to experience robust demand in the first quarter of this year, driven by the strong demographics of the surrounding area and bustling activity at nearby ports. The metro’s investment volume lead the country, with $832…
Crow Holdings Signs 250 KSF Tenant at Inland Empire Project
Crow Holdings Development has signed a 250,369-square-foot, long-term industrial lease in Ontario, Calif., with CTK USA, the U.S. subsidiary of Korea-based logistics/fulfillment provider CTK. Newmark represented the tenant. CTK USA has leased more than 250,000 square feet at Crow Holdings’…
Mani Brothers Secures $125M for LA Office Asset
The 16-story office property at 9000 W. Sunset Blvd. is the tallest building on the Sunset Strip. Image courtesy of CommercialEdge Mani Brothers has secured a $125 million refinancing loan for a West Hollywood, Calif., office building located at 9000…
Memphis Industrial Development Outshines Most US Markets
With roughly 12.5 million square feet of industrial space underway, representing 4.2 percent of total stock, Memphis’s construction activity in early 2025 was among the highest among major U.S. markets. Fueled by landmark developments like Ford’s BlueOval City, the metro…
Atlanta’s Office Sector Slows Down
Atlanta’s office sector ended the first quarter with a mixed bag for fundamentals. However, the market surpassed some of its Sun Belt peers, according to the latest CommercialEdge data. Meanwhile, conversions to multifamily are becoming increasingly popular as a potential…
OpenPath Acquires East Texas Industrial Property
The industrial property at 2938 Brown Road has 72 loading docks and 300 parking spaces. Image courtesy of OpenPath Industrial Partners OpenPath Industrial Partners, a division of impact investment firm OpenPath Investments, has expanded its portfolio with the acquisition of…
Blue Owl JV Lands $7.1B for Data Center Project
Crusoe uses modular data centers for cloud computing. Image courtesy of Crusoe A joint venture of Blue Owl Capital, Crusoe and Primary Digital Infrastructure has obtained $7.1 billion in construction financing for the second phase of its 1.2-gigawatt AI data…
Blackstone Unit Sells Los Angeles Asset for $65M
MSI’s new property also features a private yard comprising 60 trailer and 56 auto parking spaces. Image courtesy of CBRE Blackstone’s Link Logistics has sold a 200,000-square-foot industrial asset in City of Industry, Calif., for $65.2 million. MSI Computers Corp….
WeWork Opens Miami Location – Commercial Property Executive
WeWork’s pet-friendly flex office at Southeast Financial Center features several communal work areas. Image courtesy of WeWork WeWork has opened a 45,000-square-foot coworking space at Pontegadea’s 1.2 million-square-foot Southeast Financial Center in Miami. This is the company’s first new location…
Goodyear to Sell Part of Chemical Business for $650M
This 640,000-square-foot property located in Akron, Ohio, serves as Goodyear’s headquarters. Image courtesy of Goodyear Goodyear will sell the majority of its chemical business to Gemspring Capital for $650 million. The transaction is set to close by late 2025, subject…
Innovo Tops Out Multistory Industrial Project
Review Avenue Complex rises six stories in the Borden Innovation District. Image courtesy of Innovo Property Group Innovo Property Group has topped out its newest multistory urban industrial facility, Review Avenue Complex in Queens’ Borden Innovation District. The firm is…
3.1 MSF Data Center Project Moves Forward Near Phoenix
EdgeCore’s Mesa campus will encompass 3.1 million square feet at full build-out. Image courtesy of EdgeCore Digital Infrastructure EdgeCore Digital Infrastructure has purchased an approximately 44-acre lot in Mesa, Ariz., for the expansion of its data center campus. The additional…
MetLife Sells Boston Life Science Asset
The four-story Burlington BioCenter was converted to lab and research space in 2019. Image courtesy of CommercialEdge Northeastern University has acquired Burlington BioCenter, a 109,000-square-foot Class A life science office and laboratory property in Burlington, Mass., near Boston. MetLife Real…
PEBB Enterprises JV Sells Southern Florida Retail Center
PEBB Enterprises and Banyan Development sold their first retail project within the master-planned Tradition community in Port St. Lucie, Fla. 4Y Plaza LLC bought The Shoppes at the Heart of Tradition in a $32 million deal. The Shoppes at the…
Exploring ESG in Data Centers
Last Thursday, in Chicago’s historic Fulton Market district, Green Buildings Initiative hosted The Better Buildings Seminar: Data Centers. The crowd-pleasing mid-morning session, titled ESG in Data Centers: Opportunities, Challenges and Workforce Development, brought together a panel of experts to address…
HP Investors, Realm Buy San Diego Office
1450 Frazee, now Axis 1450, features floorplates ranging from 2,000 to 20,000 square feet. Image courtesy of HP Investors In an off-market deal, HP Investors and Realm L.P. have acquired 1450 Frazee, a 145,000-square-foot office building in San Diego. DRA…
HOMAGE Leases Columbus Facility – Commercial Property Executive
Metro Columbus’ industrial vacancy dropped quarter-over-quarter to 8.7 percent as of March. Image courtesy of Newmark HOMAGE has agreed to fully occupy a 207,740-square-foot industrial property in Columbus, Ohio. Newmark represented the owner, Weston, in the lease proceedings, while CBRE…
2025 Midyear Outlook: Recalibrating Your Strategy
What does the second half of the year hold for CRE? Where will you find opportunity? And what are the greatest risks? Our panel of experts will break down the trends and issues that will impact your strategy and help…
Blue Owl Closes $7B Data Center Fund
Blue Owl sees a generational market opportunity in data centers, said Co-President & Global Head of Real Assets Marc Zahr. Image courtesy of Blue Owl Capital Blue Owl Capital has closed its most recent digital infrastructure fund, Blue Owl Digital…
Libitzky Pays $29M for Phoenix-Area Industrial Asset
Libitzky Property Cos.’ newly acquired building is within the Phelan Pecos Center industrial park. Image courtesy of Cushman & Wakefield Libitzky Property Cos. has purchased a 141,117-square-foot industrial building in Mesa, Ariz., from Phelan Development. The asset traded for $29.4…
Provident Launches Houston Industrial Park
Provident Industrial is launching construction on a planned four-building industrial park totaling 740,404 square feet in the North Houston submarket, just east of George Bush Intercontinental Airport (IAH). The site’s acquisition closed on March 27. The Eastex 59 industrial park…
EDENS Buys Miami Retail Center for $51M
MacArthur Park is another retail property in EDENS’ portfolio. Image courtesy of CBRE Investment Management EDENS has expanded its South Florida holdings with the acquisition of Weston Road Shopping Center, a 108,623-square-foot, open-air shopping center in Davie, Fla. The property…
Coinbase Eyes 150 KSF San Francisco HQ
The 313,952-square-foot Mission Rock Building B features 23,719 square feet of retail space. Image courtesy of CommercialEdge Crypto giant Coinbase is negotiating a headquarters lease for 150,000 square feet at Mission Rock Building B, the San Francisco Chronicle reported. Tishman…
Lombardi Properties JV Sells Fort Myers Shopping Center
Grand Bay Plaza, a grocery-anchored shopping center in Fort Myers, Fla. Image courtesy of JLL Capital Markets. JLL Capital Markets facilitated the sale of Grand Bay Plaza at 19100 S. Tamiami Trail in Fort Myers, Fla. The firm facilitated the…
GID Inks 150 KSF Atlanta Lease at High Street
Upon completion, High Street will include Class A office space, two hotels, shopping, dining, fitness and entertainment destinations, as well as 3,000 luxury residential units. Image courtesy of GID In the largest office leasing agreement in Atlanta so far this…
CIM Group Sells Dallas Mixed-Use Center
Offices at Turtle Creek Village. Image of CommercialEdge CIM Group has sold Turtle Creek Village, a mixed-use development in the Turtle Creek neighborhood of Dallas. CIM did not disclose the buyer, but media reports indicate that the asset was acquired…
The Uncommon Story of a Pandemic Era-Born Mixed-Use Project
UnCommons, the 40-acre mixed-use campus developed by Matter Real Estate Group in Southwest Las Vegas, might be considered a pandemic success story—and for good reason. Although it broke ground in August 2020 at the height of global uncertainty, the project…
Zenith JV Delivers Tampa Bay Property
Industrial outdoor storage development at the Sunshine Industrial Park in Clearwater, Fla. Image courtesy of Zenith IOS. Zenith IOS and J.P. Morgan Asset Management have announced the completion of their latest industrial outdoor development in Clearwater, Fla. Last August, the…
Kessler Rehabilitation Leases 125 KSF in Jersey City
Completed in 2002, Harborside 6 is part of a 3.2 million-square-foot campus. Image courtesy of Harborside 6 Kessler Rehabilitation Center has leased 125,000 square feet on the ninth and 10th floors of Harborside 6 in Jersey City, N.J. American Equity Partners…
Top HQ Relocation Trends – Commercial Property Executive
Business climate and access to the consumer base were the top reasons for U.S. companies across many industries to relocate their headquarters in 2024 as part of their corporate strategy, according to CBRE’s Americas Consulting latest research. The group based…
Bradford Allen Buys West Palm Beach Tower
Bradford Allen Investment Advisors has acquired One Clearlake, an 18-story, 221,661-square-foot Class A office tower in downtown West Palm Beach, Fla. Bradford Allen Investment Advisors has acquired the One Clearlake office tower at 250 S. Australian Ave. in West Palm…
Savills Relocates DC Office – Commercial Property Executive
Savills new office location in D.C. will be at 600 13th St. NW. Image courtesy of CommercialEdge. Savills is relocating its Washington, D.C., office to 600 13th St. NW, with the signing of a 20,116-square-foot lease. The building’s owner is…
Slow Start for Charlotte’s Office Market in Q1
The Charlotte, N.C., office sector had a slow first quarter of the year, with only a single building delivered, according to CommercialEdge data. The metro’s total investment volume in the first three months of 2025 also lagged behind almost all…
Blackstone Sells New Jersey Industrial Portfolio for $208M
Bain Capital also teamed up with Staley Point Capital for an industrial acquisition. The partnership paid $20 million for this 78,000-square-foot asset in metro San Diego last year. Image courtesy of Bain Capital A joint venture between Bain Capital and…
Walmart Buys 1 MSF Distribution Center in Salt Lake City
Walmart Inc. has acquired a more than 1 million-square-foot Class A distribution center on nearly 60 acres in Salt Lake City after leasing the facility for more than three years for its Walmart Fulfillment Services division. The building is used…
Casey Family Eyes 79 KSF Seattle HQ
The 42-story office building at 800 5th Ave. went through multiple cosmetic renovations, including lobby upgrades and common area improvements. Image by Aaron Leitz, courtesy of CBRE In what is considered the largest new lease in downtown Seattle this year,…
Invesco REIT Closes $1.2B CLO
Invesco Commercial Real Estate Finance Trust, a REIT that specializes in owning and trading loans secured primarily by North American real estate, has closed its first commercial real estate collateralized loan obligation, called INCREF 2025-FL1. Charlie Rose, president & lead…
Industrial Report: E-Commerce Drives Industrial Demand Growth
Despite short-term uncertainty caused by shifting tariffs, e-commerce continues to be a powerful force, shaping industrial real estate demand, the latest CommercialEdge office report shows. Online sales accounted for 19 percent of core retail and are projected to continue gaining…
Industrious, Brightline to Launch On-The-Go Workspaces
The workspaces at the train stations will be able to accommodate team meetings, as well as individual work. All images courtesy of Industrious Brightline will provide a bookable train car for business commuters Industrious and Brightline will begin their collaboration…
Bain Capital JV Plans Biomanufacturing Conversion
45 Crosby Drive in Bedford Mass. Image courtesy of CommercialEdge. A joint venture between Bain Capital’s Real Estate team and Botanic Properties has acquired 45 Crosby Drive, an industrial asset in Bedford, Mass. Plans call for the property’s redevelopment into…
Primary Workspace, the Louisiana School Turned Coworking Hub
Tucked away on the walkable streets of Gretna, La., across the Mississippi River from New Orleans, a century-old schoolhouse was recently brought back to life. The 20,000-square-foot building that once echoed with children’s footsteps, now hums with the creative energy of…
Interest Rates Stay Untouched – Commercial Property Executive
Federal Reserve chair Jerome Powell discusses the central bank’s latest decision on interest rates at a May 7 press briefing, Screenshot by Greg Isaacson for CPE The Federal Reserve has decided to maintain its key federal funds rate unchanged at…
STRO Lands Refi for New Jersey Industrial Facility
The shallow bay Wyckoff facility at 500 W. Main St. is on a 13-acre lot, in a prime infill location with multiple highways nearby. Image courtesy of JLL The STRO Cos. has secured a $14.5 million refinancing loan for a…
Morning Calm Sells Mixed-Use Asset for $46M
Exterior photo of echo, a mixed-use office building in West Palm Beach, Fla. Photo courtesy of JLL. Morning Calm Management has sold echo, a mixed-use property in West Palm Beach, Fla., to an undisclosed buyer for $45.7 million. JLL Capital…
Sagard Secures $258M Refi for National Industrial Portfolio
Out of the total $257.7 million financing package, Sagard earmarked $23 million for this 188,300-square-foot, two-building park in Centennial, Colo. Image courtesy of CommercialEdge Sagard Real Estate has secured a financing package totaling $257.7 million from Wells Fargo, according to…
CRE’s New Money Movers – Commercial Property Executive
Private wealth has become a remarkable source of capital on the global commercial real estate scene, with more than $600 billion put into U.S. assets through direct deals from 2013 to 2024, according to a new report from JLL. That…
Kimberly-Clark Eyes 1 MSF Ohio Factory
When complete, Kimberly-Clark’s manufacturing facility will total more than 1 million square feet. Image courtesy of Kimberly-Clark Kimberly-Clark Corp. intends to invest $2 billion in two major facilities in the U.S. over the next five years, including a new advanced…
Metropolis Capital, AMA Financial Merge Into New Entity
Capital markets firms Metropolis Capital Advisors and AMA Financial merged their boutique companies to form a national commercial mortgage brokerage specializing in structured finance and equity options across the full spectrum of commercial real estate classes. Clifford Mendelson (left) and…
The Malin to Open 1st D.C. Location
The Malin’s Washington, D.C., location will feature 20,400 square feet of office space across two floors. Image courtesy of TF Cornerstone Inc. The Malin has set its sights on its first Washington, D.C., location, scheduled to open in the fall…
Thompson Thrift Breaks Ground on $225M Phoenix-Area Project
Thompson Thrift broke ground late last month on The Gilmore, a 35-acre mixed-use development in the Phoenix suburb of Gilbert, Ariz. A rendering of The Residences at Gilmore, the mixed-use project’s multifamily component. Image courtesy of Thompson Thrift The Gilmore…
Dossche Holdings Sells 2 in Atlanta for $117M
Dossche Holdings developed buildings II & IV at the Greenpoint Industrial Park for light manufacturing and warehouse use. Image courtesy of JLL Capital Markets Dossche Holdings has sold two industrial buildings totaling nearly 1.2 million square feet in Dalton, Ga.,…
Related Ross JV Buys West Palm Beach Asset for $40M
1100 Banyan in West Palm Beach, Fla. Image courtesy of JLL In a $40 million deal, The E.W. Scripps Co. has sold an office and TV studio property in West Palm Beach, Fla. The buyer was a joint venture between…
Life Science Development’s Guarded Prognosis
Illustration by Filo/iStockphoto.com As of early spring, thousands of jobs had been eliminated at several major health agencies. How much these cuts will affect drug development, and ultimately the demand for space, remains to be seen. Perhaps more consequential in the…
The May Digital Issue of CPE Is Now Available!
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…
PCCP JV Launches Metro Minneapolis Project Expansion
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…
CPE Executive Council: What are the Biggest Regulatory Hurdles in Developing New Properties
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…
BGO, Anchor Buy New Jersey Medical Facility
The medical office building at 1 Seymour St. includes a five-story parking garage. Image courtesy of BGO A joint venture between BGO and Anchor Health Properties has acquired Seymour Plaza, a 40,785-square-foot medical outpatient facility in Montclair, N.J. Ironstate Development…
Trammell Crow Lands Life Science Tenant in Chicago
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…
PSAI Realty Lands $51M for Bay Area Facility
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…
Atlanta Property Group Enters South Carolina Market
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…
High Real Estate Buys Philly Retail Center
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…
Sentiment Takes Deep Hit Amid Policy Turbulence: CREFC
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…
Office Report: Urban Office Distress Deepens
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….
Nuveen Sells Boston High-Rise for $227M
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…
Mortgage Delinquency Rates Increased in Q4 2024
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…
Prologis, Broadstone to Develop $78M Build-to-Suit Project
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…
2025 REIT Dividend Yields – Commercial Property Executive
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,…
Top 5 NYC Retail Building Sales—March 2025
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…
Skanska Delivers First HQ of Its Kind
Skanska has completed the U.S.’s first mass timber broadcast facility. In fact, Cincinnati Public Radio’s new headquarters, which had a price tag of $32 million, is also the city’s first such building. Skanska worked together with Emersion Design, Neyer Properties,…
San Francisco Office Market Begins 2025 on a High Note
In the first two months of 2025, San Francisco continued to post the highest office vacancy rate in the nation. Meanwhile, other fundamentals showed significant improvement, when compared to the same period last year, according to the latest CommercialEdge data….
Virginia Industrial Park Changes Hands for $38M
The four-building Four Mile Industrial Park is Spotsylvania County’s largest industrial park. Image courtesy of Cushman & Wakefield | Thalhimer Cushman & Wakefield | Thalhimer brokered the sale of Four Mile Industrial Park, Spotsylvania County, Va.’s largest industrial park. The…
Korean Lenders Foreclose on RFR Office Building
285 Madison Ave. in Midtown Manhattan. Image courtesy of Ocean West Capital Partners RFR Realty has handed ownership of 285 Madison Ave. in Midtown Manhattan to its mezzanine lender, a consortium of some of South Korea’s largest insurance companies advised…
Houston Office Sector Off to a Slow Start
Houston’s office sector remained stable in 2024, with the metro being the only U.S. market to have more than 1 million square feet in construction starts, per CommercialEdge data. However, the beginning of this year has been slow, with no…
LendingClub Buys SF Building for New HQ
88 Kearny St. in San Francisco has been purchased for $74.5 million. Photo courtesy of LendingClub Corp. Financial services company LendingClub Corp. has inked a deal to acquire the 233,887-square-foot 88 Kearny St. in downtown San Francisco for $74.5 million….
Most Popular Return-to-Office Policies Surprise Experts
More firms are setting stricter in-office expectations, including minimum in-office requirements, with larger companies leading the shift. As of early this year, nationwide office traffic remained at 59 percent of pre-pandemic levels, but that could change if corporate pressure intensifies,…
Law Firm Expands Manhattan Footprint
The 24-story building underwent a full-scale renovation and façade restoration in 2016. Image courtesy of Newmark Meirowitz & Wasserberg LLP has renewed and expanded its Manhattan footprint to 24,014 square feet at the 255,000-square-foot 1040 Avenue of the Americas. Newmark…
Phoenix Office Market Shows Sluggish Activity
Rendering of Gilbert Spectrum’s Building 3, that will include 119,222 square feet of office space upon completion. Image courtesy of SunCap Property Group Phoenix’s office construction activity continued to remain slow, with developers starting construction on only three projects, according…
Energy Firm Leases 40 KSF in Salt Lake City
The LEED Gold-certified building initially served as a retail destination but was converted into office space in 1980. Image courtesy of CommercialEdge HF Sinclair has signed a 40,367-square-foot, long-term lease at The 324, an office building in Salt Lake City….
AI Firm Grows Footprint at Empire State Building
Empire State Building is originally built in 1931 and rises 102 stories. Image courtesy of Empire State Realty Trust Workday, an artificial intelligence work platform, has signed a lease renewal and expansion with Empire State Realty Trust to expand its…
Nashville Mixed-Use Commands $50M – Commercial Property Executive
Edgehill Village, a nearly 60,000-square-foot mixed-use property located near Music Row in Nashville, has changed hands for $50 million. Edgehill Village on Nashville’s Music Row, recently acquired by Asana Partners. Image courtesy of JLL The seller, Asana Partners, was represented…
Walmart Debuts Florida Distribution Center
Walmart has opened a major new distribution center in Jacksonville, Fla., that will serve the retailer as a hub for the Southeast. Located at 1511 Zoo Parkway, the 1 million-square-foot facility will handle items for 18 Sam’s Club locations in…
Finmarc Management Lands Renewal at NoVa Building
2411 Dulles Corner Park in Herndon, Va. Image courtesy of Finmarc Management Virginia software company DLT Solutions has extended its lease at a Class A office building in Herndon Va. Finmarc Management Inc. is the property’s owner. The renewal marks…
Industrious to Open Flex Office Space in Beverly Hills
The three-story building on Rodeo Drive features 71,812 square feet of office space. Image courtesy of CommercialEdge Industrious is planning to open a 16,000-square-foot coworking location in Beverly Hills, at Douglas Emmett Inc.’s 150 South Rodeo Drive, the Commercial Observer…
4 Insights on Responding to the Era of Uncertainty
George Mitsanas The first thing I encouraged my team and clients to remember after the initial shock of the tariffs were announced? Hold fast. A new norm will eventually emerge, and we will plan to be ready for it when…
CIP Real Estate Pays $54M for Jacksonville Asset
CIP Real Estate has acquired Imeson Commerce Center, a recently completed 422,136-square-foot Class A distribution center in Jacksonville, Fla. JLL Capital Markets advised the sellers, North Signal Capital and Fox Capital Partners. The transaction’s dollar value was $53.8 million. Imeson…
Cardinal Equities Signs Beverly Hills Tenant
The three-story building at 8200 Wilshire Blvd. has floor-to-ceiling windows. Image courtesy of NAI Capital Commercial The Marshell Group has signed an 18,380-square-foot lease at 8200 Wilshire Blvd. in Beverly Hills, Calif. The deal furthers the wellness group’s Southern California…
ViaWest Sells Phoenix Office-to-Industrial Redevelopment
Sight Logistics Park rose on the site of Insight Enterprises’ former headquarters. Image courtesy of JLL ViaWest Group has sold Sight Logistics Park, a Class A industrial park spanning 357,103 square feet across two buildings in Tempe, Ariz. JLL brokered…
How Top Freddie Mac Small Balance Loan Lenders Add Value
Arbor and Freddie Mac understood the crucial role of affordable and market-rate rental housing and the fragmented nature of its financing when we partnered to create the Small Balance Loan (SBL) program in 2014. Arbor is proud to have helped…
CRE Leader on Parkinson’s Awareness, Support
“The CRE community has many means of helping, including extensive networks and resources that can significantly impact Parkinson’s awareness and research,” said McIlroy. Image courtesy of Terranova Corp. Raising awareness for Parkinson’s disease is a critical mission, especially for leaders…
Austin’s Office Market Ranked Second for Development
Office development in Austin retained strong momentum at the beginning of this year, which highlighted the metro’s resilience. The market ranked second nationwide in terms of new office space underway, behind Boston, CommercialEdge data shows. Other fundamentals lagged, however, as…
Report: Amazon Plans $15B Warehouse Expansion
Amazon may be looking to ramp up its U.S. logistics real estate holdings again in a big way. The e-commerce company is reportedly seeking proposals from capital partners to fund up to $15 billion for warehouse and distribution sites in…
$2B Data Center Project Moves Forward in Fort Worth
The Fort Worth city council has voted to provide tax incentives for a Spanish developer planning a five-building, two-phase data center project on 107 acres near Hicks Field Road in the northern part of the city. The developer is Madrid-based…
Lucid Drives Off With Phoenix Facilities in Auction Win
The former office headquarters and product development center of Nikola Corp. sold in a bankruptcy auction. Image courtesy of CommercialEdge EV manufacturer Lucid Group has won the bankruptcy auction for several assets spanning more than 884,000 square feet of industrial…
UCLA Health Renews Medical Office Lease
The three-story medical office building is within 15 miles of downtown Los Angeles. Image courtesy of JLL UCLA Health has renewed its 22,224-square-foot medical office lease at 2825 Santa Monica Blvd. in Santa Monica, Calif. JLL and Anchor Health Properties…
Blackstone Snaps Up 6 MSF Industrial Portfolio for $718M
In January, Blackstone sold a 21-building industrial portfolio totaling 2.1 million square feet across five major markets, including the facility at 1300 Wigwam Parkway in Henderson, Nev. Image courtesy of Dalfen Industrial In a $718 million deal, Core-plus funds affiliated…
NYU REIT Symposium Special Report: 6 Takeaways
REIT executives reacted to tariffs and other questions. (L to R): Seth Weintrob of Morgan Stanley, Owen Thomas of Boston Properties, Ron Havner of Public Storage, Leslie Hale of RLJ Lodging Trust and Mark Parrell of Equity Residential. As uncertainty…
Lightstone Buys North Carolina Industrial Portfolio
Views of the industrial space that Lightstone acquired in North Carolina from LM Real Estate Partners. Image courtesy of JLL Capital Markets Lightstone has acquired a five-building, 652,647-square-foot industrial portfolio in Charlotte, N.C., and Raleigh-Durham, N.C. The seller was LM Real…
Turnbridge Turns to SoCal for Industrial Investment
Eton Industrial Park’s buildings debuted in the 1970s. Image courtesy of Turnbridge Equities Turnbridge Equities has purchased Eton Industrial Park, a 205,000-square-foot campus in the Los Angeles neighborhood of Canoga Park, Calif., for $28 million. Siegel & Associates previously owned…
McCraney Gets $26M for Tampa Industrial Project
Phase I will consist of three facilities ranging from 80,745 square feet to 130,865 square feet. Image courtesy of JLL McCraney Property Co. has secured $25.8 million in construction funds for the development of Park 52 Logistics North’s Phase I,…
Phoenix Warehouse Slated for IOS Repositioning
Unbound Development plans to implement capital improvements at the vacant warehouse. Image courtesy of Cushman & Wakefield Unbound Development has acquired a vacant 100,000-square-foot industrial building in Chandler, Ariz., from Rogers Corp. The Class B asset changed hands for $14.1…
Head Capital Sells Suburban Dallas Retail Center
Independence Square in Dallas. Image courtesy of JLL Head Capital Partners has sold Independence Square, a 140,218-square-foot shopping center in Plano, Texas, to Fidelity Investments. JLL Capital Markets arranged the transaction. Built back in 1977, the property at 3100 Independence…
Himmel + Meringoff Recaps, Refis NYC Office Building
Delaware Life provided a $93 million first mortgage for the 521 West 57th St. mixed-use building in Manhattan. Image courtesy of CommercialEdge Himmel + Meringoff Properties has wrapped up a two-sided deal with its 300,000-square-foot mixed-use building at 525 W….
Creation JV to Develop 451 KSF Project in Fort Worth
Upon completion, MC820 Logistics will benefit from a newly improved city right-of-way passage. Rendering courtesy of Creation Equity Creation Equity, in a joint venture with a real estate fund advised by Crow Holdings Capital, will build MC820 Logistics, a three-facility…
St. Louis Power Center Changes Hands
Office Depot is one of the tenants at Cave Springs Shopping Center. Image courtesy of Marcus & Millichap Hutensky Capital Partners has sold Cave Springs Shopping Center, a 176,804-square-foot power center in St. Peters, Mo., for $22.1 million. The property traded in…
These Markets Top the List for Office Fit-Out Costs
Build-out costs for office space are the most expensive in New York City, with other U.S. markets also relatively expensive compared to many other parts of the world, according to JLL’s global office fit-out costs report. Other pricey U.S. office…
PGIM Closes $2B Global Fund
PGIM is also developing the Equinix SV12x data center in San Jose, Calif., in partnership with Equinix. Image courtesy of Equinix Inc. PGIM Real Estate has reached the $2 billion target of capital for its Global Data Center Fund. The…
MetLife Sells Houston Office Asset
A partnership led by Braun Enterprises has acquired 3040 Post Oak Blvd., a 426,000-square-foot Class A office building in Houston’s Galleria submarket. The seller was MetLife Real Estate Investment, according to CommercialEdge data. The 3040 Post Oak Blvd. office building…
Ares Lines Up $99M Portfolio Refi
Arden Logistics Parks has refinanced five multi-tenant industrial parks in three states with a total of 11 buildings spanning more than 765,000 square feet with a $99.1 million floating-rate loan provided by an Ares Management Real Estate fund. 1300 N….
ATLAS JV Eyes Phoenix Industrial Project
ATLAS Exchange’s facilities will range between 40,000 and 100,000 square feet. Rendering courtesy of ATLAS Capital Partners ATLAS Capital Partners and Hawkins Development Co. are set to build a four-facility industrial campus in Mesa, Ariz. Construction is slated to kick…
Transwestern Investment Group Buys Phoenix MOB for $36M
Copper Point is at 3530 S. Val Vista Drive in Gilbert, Ariz. Image courtesy of Transwestern Investment Group Transwestern Investment Group has acquired Copper Point, a 93,262-square-foot medical outpatient facility in Gilbert, Ariz. The firm paid $36 million for the…
The April Digital Issue of CPE Is Now Available!
The April 2025 Issue of CPE From the Editor Feature. Image by Mike Cairns/Infinite Impact & Aerial Image Solutions, courtesy of Stonemont Financial Group Finance. Image by AlonzoDesign/iStockphoto.com CPE Award Winner. Rendering courtesy of Hoffman & Associates Economist’s View. Image…
Industrial’s Uneven Playing Field – Commercial Property Executive
Britton Burdette and Bobby Norwood It’s a good day in industrial. In a turbulent, volatile market, the stock in trade has emerged as the biggest, safest rock in the quietest part of the harbor. Transactability in the space has been…
Catalyst IOS Sells, Recaps $164M Portfolio
In separate transactions, Catalyst Investment Partners has sold and recapitalized two IOS portfolios totaling 18 properties with a state pension fund. The assets, located in seven supply-constrained markets across the East Coast, were valued at $163.5 million. Catalyst Investment Partners’…
Foot Locker Relocates Global HQ
Good-bye Big Apple, hello Sunshine City. Footwear and apparel retailer Foot Locker Inc. has signed a long-term lease for 110,998 square feet at 570 Carillon Parkway in St. Petersburg, Fla., which will be its new global headquarters. The Feil Organization…
Global Holdings Signs HQ Deal in Manhattan
Geller & Co., a financial services and strategic advisory firm, is relocating its headquarters to 99 Park Ave. in Midtown Manhattan. The firm signed a 45,290-square-foot lease with Global Holdings, the owner of the 26-story office tower. Geller & Co….
OrthoIndy Lands $45M for Indianapolis MOB
OrthoIndy South came online in 2010 less than 13 miles from downtown Indianapolis. Image courtesy of CommercialEdge OrthoIndy has obtained $45 million for the refinancing of OrthoIndy South, a 77,600-square-foot medical office building in Greenwood, Ind., according to CommercialEdge information….
2025 Commercial REIT Dividend Yields
Values shown are average by property type. As of March 14, 2025. Source: S&P Global Market Intelligence As of March 14, publicly traded U.S. equity REITs posted a one-year average dividend yield of 3.91 percent. The office REIT sector recorded…
Cerberus JV Lands Financing for 2.3 MSF IOS Portfolio
The portfolio is spread across seven metropolitan areas. Image courtesy of Clarion Partners Outour Storage Investments and affiliates of Cerberus Capital Management have secured a first mortgage loan for a 2.3 million-square-foot portfolio of eight industrial outdoor storage facilities spread…
Related Cos. Launches Data Center Development Arm
Related Cos. has launched Related Digital, a data center construction and investment platform with a near-term $45 billion development pipeline. Related Digital will specialize in digital infrastructure for artificial intelligence and cloud hyperscale technology companies. Related Cos. launches Related Digital, a…
Fox to Exit 330 KSF at Manhattan Trophy Tower
1211 Sixth Ave. in Midtown Manhattan. Image courtesy of CommercialEdge The next few months could be challenging for the owners of Midtown Manhattan trophy tower 1211 Sixth Ave.—Ivanhoé Cambridge, the global real estate group of Canadian pension fund CDPQ, and…
CPE Executive Council: Best Practices to Advertise and Market Open CRE Positions
Word of mouth? Job sites? Career fairs? What are some of the best ways to market open positions in the commercial real estate industry to make sure you attract the most qualified people? This month, the CPE Executive Council shares…
Placer.ai Office Index—February 2025 Recap
Month-over-month office foot traffic decline percentages. Source: Placer.ai While headlines trumpeting an imminent return to traditional office life fueled by corporate mandates have become increasingly common in recent months, ground-level data reveals a more complex reality. Office building foot traffic indicates that…
SkyREM Lands Long-Term Lease Renewal in Atlanta
Kittrich LLC has signed a long-term lease renewal with SkyREM at 5070 Phillip Lee Drive, a 400,800-square-foot in-fill industrial property in Atlanta’s Fulton submarket. Kittrich LLC has signed a long-term lease renewal with SkyREM at 5070 Phillip Lee Drive in…
Wakefern Food to Open 4th Staten Island ShopRite
The retail space where ShopRite is scheduled to open was formerly occupied by a SuperFresh supermarket. Image courtesy of Levin Management Corp. Wakefern Food Corp. has signed a 62,000-square-foot anchor lease at Savo Brothers’ Evergreen Plaza shopping center in Staten…
United Airlines Kicks Off $177M Project in Houston
United Airlines has broken ground on a 140,000-square-foot ground service equipment maintenance facility at George Bush Intercontinental Airport in Houston, and opened a new Technical Operations Training Center at the airport. United Airlines breaks ground on new $177 million ground…
Sealy & Co. Snaps Up Kansas City Asset
The property features 32-foot clear heights, 111 dock doors and ample parking. Image courtesy of CommercialEdge Sealy & Co. has purchased Inland Port IV, a 575,154-square-foot industrial building within Logistics Park Kansas City, a master-planned campus in Edgerton, Kan. Newmark…
CoreNet Global’s CEO on Navigating DEI Strategy
The commercial real estate industry values and celebrates how people and purpose make work happen, according to Wiley. Image courtesy of CoreNet Global The White House executive order that eliminates diversity, equity and inclusion programs within the Federal government has…
Granite Properties Signs Tenant at DFW Campus
The 19-story tower is the tallest building at the 90-acre Granite Park campus. Image courtesy of Granite Properties Simpson Strong-Tie Inc. has signed a 38,372-square-foot lease at Granite Park Six in Plano, Texas. CBRE assisted the tenant in the negotiations,…
Stonemont Sells Tampa-Area Facility – Commercial Property Executive
Building 400 has 36-foot clear heights, four grade-level doors and 95 dock-high doors. Image courtesy of Stonemont Financial Group Stonemont Financial Group has sold Lakeland Commerce Center’s Building 400, a 348,740-square-foot industrial facility in the Tampa, Fla., submarket of Lakeland….
Logistics Property Co. to Build Warehouse Next to Chicago O’Hare
Rendering of 2700 York Road, which will include two drive-in doors and 124 parking spots. Image courtesy of Logistics Property Co. Logistics Property Co. has purchased a nearly 6-acre site in Elk Grove Village, Ill., with plans to start construction…
Pacshore Partners Sells Orange County Office Asset
SoCo Harbor consists of four two-story office buildings that underwent cosmetic renovations in 2018. Image courtesy of CommercialEdge Pacshore Partners has sold SoCo Harbor, a 151,739-square-foot, four-building office campus in Santa Ana, Calif., for $20.8 million, according to CommercialEdge information….
Goodman Group Breaks Ground on LA Data Center Project
Goodman LAX01 Vernon will comprise 250,000 square feet across three stories. Image courtesy of Goodman Group Goodman Group has started construction on LAX01 Vernon, a 49.5 megawatt data center project in Vernon, Calif. The facility will rise three stories and…
What CRE Investors Want to Buy in 2025
Seven in 10 U.S. investors said they intend to buy more commercial real estate this year than they did in 2024, according to a new survey from CBRE. Nearly three in 10 said they would buy roughly the same amount,…
Tishman Speyer Secures 150 KSF Brooklyn Tenant
Tishman Speyer constructed The Wheeler on top of a historic Art Deco building. Image courtesy of Tishman Speyer Tishman Speyer has signed a 150,000-square-foot lease deal at The Wheeler, an 844,378-square-foot office tower in Brooklyn, N.Y. Brooklyn Prospect Charter School…
Newcastle Partners Plans Inland Empire Project
Newcastle Partners, a San Francisco-based real estate investment and development company, has secured $27.5 million in construction financing to build a 408,997-square-foot Class A speculative industrial warehouse and distribution facility in Hesperia, Calif. Mesa Linda Logistics Center is slated for…
Columbus Industrial Asset Trades for $32M
MSC Industrial Supply owned and occupied the facility prior to Würth’s acquisition. Image courtesy of CommercialEdge Würth Industry North America has acquired a 472,000-square-foot industrial asset in Columbus, Ohio, with the potential for a future expansion of 500,000 square feet….
Trammell Crow to Develop 1 MSF Maryland Project
Trammell Crow Co. will develop a 1 million-square-foot industrial project in Hagerstown, Md. The build-to-suit facility will serve as the new primary East Coast distribution center for Lifetime Brands, the Maryland Department of Commerce announced. Earlier this year, a joint…
Silverstein Properties Inks Lease in Midtown Manhattan
The 1 million-square-foot Americas Tower is LEED Silver certified. Image courtesy of Silverstein Properties Global specialty insurance organization H.W. Kaufman Group has signed a 11,012-square-foot lease at Silverstein Properties’ 1177 Avenue of the Americas in Midtown Manhattan. The tenant will…
Fed Stays Put on Interest Rates, But Uncertainty Looms
Fed Chair Jerome Powell speaks at the March 19 press conference. Screenshot by Gabriel Frank The Federal Reserve Open Markets Committee elected to keep interest rates the same at the conclusion of its March meeting, at a target range of…
Data Centers Boom for Debt and Equity Investors
Carl Beardsley The North American data center market is experiencing a period of extraordinary growth and tightening supply, creating both challenges and opportunities for investors. According to JLL’s Year-End 2024 North America Data Center Report, vacancy rates have plummeted to…
American Integrity Insurance Signs 75 KSF HQ Lease
The 11-story Bayport Plaza is connected to the adjacent building serving as a 444-room hotel. Image courtesy of Stream Realty Partners Florida-based property insurance company American Integrity Insurance has signed a 75,000-square-foot lease at GEM Realty Capital and IP Capital…
Wayfair to Open 150 KSF Atlanta Store
The future Wayfair store is scheduled to open in 2026. Image courtesy of Wayfair Inc. Boston-based Wayfair Inc. has signed a 150,000-square-foot lease at The District at Howell Mill, a 306,109-square-foot shopping center in Atlanta. Retail Planning Corp. arranged the…
Corporate Real Estate Compensation Keeps Rising
Left to right: Chris Papa of Jackson Lucas and Doug Miller of Swift Bunny. Images courtesy of Jackson Lucas and Swift Bunny Corporate real estate professionals have again seen increases in their compensation, according to a CoreNet Global survey conducted…
Carr Workplaces Reopens Manhattan Location
The renovated space features a natural color palette combining earth tones, wood, black and brass. Image courtesy of Carr Workplaces Carr Workplaces has reopened its coworking location at 745 Fifth Ave. in Manhattan. CSO Architects designed the newly renovated flexible…
Avison Young Launches Investment Sales Platform
James Nelson, Head of U.S. Investment Sales, Avison Young. Image courtesy of Avison Young Avison Young has established a U.S. Investment Sales platform, which will focus on assets in key U.S. markets across the multifamily, office, retail and development sectors,…
Altman Properties JV Lands Financing for Tampa Development
The industrial development will be on a 22.5-acre lot, close to Interstate 4. Image courtesy of Altman Logistics Properties A joint venture of Altman Logistics Properties and FRP Development Corp. has obtained $16 million in construction financing for the development…
Tamares Lands $505M Loan Extension on Manhattan Tower
Tamares Group has secured a four-year extension on the $505 million debt at its 1500 Broadway office tower in Manhattan’s Times Square. The deal closed as the London-based company is preparing to say goodbye to longtime tenant “Good Morning America”…
Hines, Ivanhoé Sign Houston Office Tenant
Texas Tower came online in 2021 and features a conference center, coworking area and multiple outdoor terraces. Image courtesy of CommercialEdge Global law firm Skadden, Arps, Slate, Meagher & Flom LLP has signed a long-term, 52,000-square-foot lease at Texas Tower,…
VanTrust JV Kicks Off Denver Industrial Project
Falcon Commerce Center will come online in two phases and will have rear-load and cross-dock configurations. Image courtesy of JLL A joint venture of VanTrust, CP Real Estate Capital and NAI Highland Commercial has started construction on Falcon Commerce Center,…
Potential Federal Building Sale Adds Uncertainty to Office Sector
The U.S. Department of Justice building was one of the assets on the General Services Administration’s initial list of property dispositions. Image by blvdone/stock.adobe.com The General Services Administration, which is the largest landlord in the country (at an estimated 360…
Meniscus Group Picks Up Atlanta Facility
Completed in 2001, the industrial building features 24-foot clear heights, eight drive-in doors and an ample truck court.. Image courtesy of JLL Meniscus Group has acquired a 102,856-square-foot industrial property in Temple, Ga. JLL negotiated on behalf of the seller,…
PNK Group Wraps Up 1.2 MSF Building Near Atlanta
Park Valley View is an industrial project that PNK Group is developing in Jessup, Pa. Image courtesy of PNK Group PNK Group has delivered PNK Lambert A, a 1.2 million-square-foot industrial building part of the PNK Park Southern Gateway campus…
Sterling Bay Secures $88M for Denver-Area Mixed-Use
At full build out, the 389-acre campus will include biomanufacturing space, R&D, industrial, office and retail space and more than 20 miles of trails. Image courtesy of Sterling Bay Sterling Bay has secured $88 million in bonds in partnership with…
AST Opens New Jersey Outpatient Building
The RWJUH Ambulatory Medical Pavilion is adjacent to the Robert Wood Johnson University Hospital campus. Image courtesy of AST AST has officially opened Robert Wood Johnson University Hospital Ambulatory Medical Pavilion, a 229,000-square-foot medical outpatient building in New Brunswick, N.J….
Savills Expands in Puerto Rico With New Partnership
Savills North America announced an association agreement with Caribbean Real Estate Services, a leading Puerto Rico-based tenant advisory firm. Janet Woods, North America President, Savills. Image courtesy of Savills The association with CRES strengthens Savills’ network in the Americas and…
How Is Class B Industrial Adapting to Modern Demand?
Despite often being overshadowed by the modern facilities built during the development surge of the past few years, Class B industrial assets continue to attract a diverse range of businesses. Built in 1972, B&D Holdings’ 21 Parker Drive in Avon,…
Office Owners Scale Back Concessions
Office lease incentives dropped last year for the first time since CBRE began tracking this metric in 2019. The firm’s latest report also shows that Class A+/A office building rents and those in Class B and C continue to go…
Leon Industrial Enters Charlotte With $12M Purchase
The facility is close to Interstate 77 and includes two exist ramps, with a third one under construction. Image courtesy of Avison Young Leon Industrial, a Leon Capital Group subsidiary, has paid $11.5 million for a 120,000-square-foot industrial property in…
Fort Street JV Picks Up Office Duo in Salt Lake City
Lehi Spectrum consists of a first five-story building at 1650 W. Digital Drive that serves as Podium’s headquarters, and a second office building at 1550 W. Digital Drive. Image courtesy of CommercialEdge Fort Street Partners, in joint venture with Cumming…
AM Property JV Lands $133M for Stamford Trophy Asset
The joint venture of A.M. Property Group and Northeast Capital Group has obtained $133 million for the refinancing of The Link, a Class A trophy office complex in downtown Stamford, Conn. Deutsche Bank and Urban Standard provided the financing in…
Penzance Pays $55M for Northern Virginia Portfolio
Penzance has acquired Gateway & Linden, a six-building industrial portfolio totaling 212,086 square feet in Manassas, Va. A partnership owned by Davin Holdings and The Davis Cos. sold the properties for $55 million. Gateway & Linden, a six-building industrial portfolio…
Lincoln Equities Inks New York Industrial Lease
Lincoln Logistics Rockland includes 36-foot clear heights, ample column spacing and a built-to-suit office component. Image courtesy of Lincoln Equities Group Lincoln Equities Group has signed a 109,450-square-foot long-term lease at its Lincoln Logistics Rockland, an industrial facility in Valley…
Blackstone Closes $8B Real Estate Debt Fund
Blackstone President & COO Jonathan Gray. Last month the company took Retail Opportunity Investment Corp. private. Photo courtesy of Blackstone Blackstone has closed an $8 billion real estate debt fund, the firm said on Friday. The vehicle is only the…
Basis, Lion Creek Form CRE Investment Partnership
Basis Investment Group and Lion Creek Real Estate Capital have formed a partnership called BIG Lion. Under the terms of the deal, Lion Creek will originate commercial real estate debt and equity investments for Basis, which will then perform due…
NYU Schack Special Report: Energy Efficiency Still Key
Brookfield’s Michael Daschle speaking at NYU Schack’s Annual Conference on Sustainable Real Estate. Also pictured (L to R): National Grid’s Donald Chahbazpour, NYSERDA’s Michael Reed and Hines’ Benjamin Rodney. Photo by Therese Fitzgerald Despite advances in sustainable technologies and renewables,…
This Market Tops the Nation for Data Center Absorption
For the first time, Northern Virginia is not the preeminent location for data center absorption, according to a new report from CBRE. Atlanta is the new leader in the amount of space leased compared to the amount vacated, achieving 705.8…
From Data Center YIMBY to NIMBY?
Aerial view of data centers in Ashburn, Va. Photo by Gerville/iStock Over the last decade, state and local governments have welcomed data centers with open arms by creating massive subsidies and tax incentives for them. According to NAIOP, 36 states…
Brasa Capital Closes 3rd Fund With $582M in Commitments
Jeff Furber recently assumed the role of chairman at Brasa Capital Management. Furber was previously CEO at AEW Capital Management. Image courtesy of Brasa Capital Management Brasa Capital Management has closed its third and largest real estate fund, Brasa Real…
Highwoods to Acquire Raleigh Office Tower
Advance Auto Parts Tower rises 20 stories in Raleigh’s North Hills submarket. Image courtesy of CommercialEdge Highwoods Properties Inc. has agreed to acquire Advance Auto Parts Tower, a 20-story, Class A+ office asset in Raleigh, N.C. The Triangle Business Journal…
Why MOBs Remain a Strong Bet for Investors
Medical outpatient buildings are poised for double-digit growth, according to JLL’s latest research. A surge in outpatient demand, spurred by an aging population with even greater health-care services needs and increasing disease prevalence, puts outpatient volumes in the U.S. on…
Golub & Co. Inks HQ Lease in Minneapolis
RSM Plaza includes two 20-story buildings and was last upgraded in 2018. Image courtesy of Transwestern Real Estate Services Golub & Co. has signed a 12,277-square-foot lease at RSM Plaza, a 415,824-square-foot office complex in Minneapolis’ central business district. Transwestern…
Ridgecut Road to Break Ground on New York Industrial Project
When complete, I-84 Orange County Logistics Center will feature 36-foot clear ceiling heights, 31 dock doors and two drive-in doors. Image courtesy of Ridgecut Road Ridgecut Road, a real estate investment firm focused on the Northeast market, will soon break…
Top 10 Markets for Office Deliveries in 2024
Completions in the office sector in 2024 totaled 43.2 million square feet, the lowest annual total since 2013. The reduction in construction activity comes as a result of slow leasing, tougher to secure construction financing, increased interest rates and shifts…
Hines Sells Dallas Mixed-Use Asset
Inwood Design Center’s 14 buildings debuted between 1961 and 1978. Image courtesy of M2G Ventures M2G Ventures has purchased Inwood Design Center, a 14-building, 740,000-square-foot, mixed-use asset in Dallas including retail, showroom and light industrial space. Hines previously owned the…
Brixton Capital Buys San Francisco Shopping Center for $68M
Washington Square will undergo another transformation, its new owner planning to revitalize the entire property. Image courtesy of Brixton Capital Brixton Capital has purchased Washington Square, a 215,506-square-foot shopping center in Petaluma, Calif., for $67.5 million. Paragon Commercial Group sold…
How Rebuilding from LA’s Wildfires Is Impacting CRE
To start with some of the big numbers, the early January fires in the Los Angeles region—the most damaging ones in U.S. history—caused at least an estimated $250 billion, only roughly $30 billion to $45 billion of which will be…
2025 Special Servicing Rates – Commercial Property Executive
Source: Trepp The Trepp CMBS Special Servicing Rate pulled back 2 basis points to 9.87 percent in January 2025. This was the first decline in the monthly rate since December 2023. The main driver of the rate’s decrease was the…
Office Report: Office Prices Slide as Discounts Surge
Office sale prices continued to decline in 2024, according to the latest CommercialEdge report, reflecting ongoing uncertainty in the sector amid entrenched remote and hybrid work trends. Suburban submarket office prices fell 15 percent in 2024, reflecting a notable, yet…
The March Digital Issue of CPE Is Now Available!
The March Issue of CPE Is Now Available! Jessica Fiur, Editor-in-Chief Feature. Image by Ron Blunt Photography Office. Image courtesy of Glenstar Brokerage. Image by Wavebreakmedia/iStockphoto.com Economist’s View. Image by MotionIsland/iStockphoto.com Transactions. Image courtesy of Tishman Speyer READ THE MAGAZINE…
Shorenstein JV Pays $96M for Boston R&D Campus
The buildings at The XChange include R&D-focused features and multiple amenities. Image courtesy of CommercialEdge Shorenstein Investment Advisers has teamed up with Tritower Financial Group to acquire The Xchange, a 480,000-square-foot office and R&D complex in Bedford, Mass., $96 million….
LBA Pays $39M for Phoenix Industrial Asset
Echo Park 303’s Building A includes 56 dock-high doors and two grade-level doors. Image courtesy of Cushman & Wakefield LBA Logistics has purchased a 220,240-square-foot, fully occupied Class A industrial facility in Glendale, Ariz. The property changed hands for $39…
MDH Partners Enters Las Vegas With $94M Buy
MDH Partners has acquired a portfolio of two industrial properties in Las Vegas. The acquisition represents the Atlanta-based company’s first move into the Nevada market. Link Logistics sold the assets for $94 million, according to CommercialEdge. Sunrise Industrial Park One…
CPE Executive Council: Proptech Innovations to Get Excited About
Proptech is constantly improving. But with so many options, how do you know what is worth the investment? The CPE Executive Council shares what they’re most excited about. Janine Jovanovic Improving AI The increase in data-driven decision making powered by…
InLight, Ares Management JV Lands $82M for Industrial Project
Affinius Capital LLC has originated an $82.3 million loan to finance the development of Eastport Logistics Park, a master-planned four-building, 890,000-square-foot Class A industrial development in Jacksonville, Fla. Eastport Logistics Park in Jacksonville will initially include four buildings totaling 890,000…
Prologis Taps Colliers to Lease Miami-Area Business Park
Prologis has assigned to Colliers South Florida the leasing of its Prologis Miami International Tradeport, a 10-building, 1.7 million-square-foot master-planned Class A business park in the Medley submarket of Miami-Dade. Miami International Tradeport comprises 10 Class A buildings in Medley,…
Brookfield Scores Big Lease at Milwaukee Mall
The SCHEELS store in Wauwatosa will be the company’s 36th location nationwide. Image courtesy of SCHEELS SCHEELS has signed a 210,000-square-foot lease at Brookfield Properties’ Mayfair Mall, a 1.2 million-square-foot property in Wauwatosa, Wis. The vacant space will undergo a…
L&L Holding Signs Lease Extensions in Manhattan
600 Third Ave. is a 42-story Midtown East office tower. Image courtesy of L&L Holding Co. Aaronson Rappaport Feinstein & Deutsch LLP has decided to have its headquarters remain at the Grand Central district tower through at least 2042, having…
Red Mountain Group Buys Pittsburgh-Area Shopping Center
Red Mountain Group Inc. has purchased Century Square, a 415,613-square-foot shopping center in West Mifflin. This marks the company’s first acquisition in western Pennsylvania. A private owner sold the asset, according to CommercialEdge information. Century Square occupies roughly 64 acres some…
PMB Tops Out $580M Inland Empire Campus
Riverside University Health System and health-care real estate developer PMB have topped off their $580 million, 450,000-square-foot project in Mead Valley, Calif., that will integrate behavioral health treatment with medical care and social services. The public-private partnership broke ground on…
CBRE IM Panel Talks Next Generation of CRE Investing
Josh Stoffregen-Foye, CBRE Investment Management’s global head of media relations moderates the discussion between Wei Luo, Bernie McNamara, Robert Shaw, Lucy Fletcher and Liz Troni. Photo courtesy of CBRE Investment Management Demographics, deglobalization, digitization and decarbonization—four trends described by panelists…
TPG Angelo Gordon JV Pays $108M for MOB Portfolio
TPG Angelo Gordon also formed a joint venture with Cypress West to purchase MOB assets. Last month, the duo bought the Tennessee property pictured above. Image courtesy of TPG Angelo Gordon and Cypress West A joint venture between Altera Fund…
Echo Real Estate Buys Denver Medical Campus at Steep Discount
Originally built as a school in 1942, Rampart Medical Campus comprises two three-story buildings. Image courtesy of Echo Real Estate Capital Echo Real Estate Capital Inc. has acquired Rampart Medical Campus, a two-building, 71,000-square-foot property in Denver. Healthcare Realty Trust…
Brennan JV to Build Industrial Project Near US-Mexico Border
Laredo Pinnacle Development II will feature ample trailer storage, allowing for fast and efficient deliveries and shipments. Image courtesy of Standard Real Estate Investment Partners and Brennan Investment Group Standard Real Estate Investment Partners has joined forces with Brennan Investment…
First National Bank Opens $300M HQ
First National Bank has marked the opening of its new headquarters building in the Lower Hill District of downtown Pittsburgh, the 469,000-square-foot FNB Financial Center. The tower rises 26 stories on about 7 acres on the former site of the Civic…
Capital Ideas: So What If the Fed’s Not Independent?
Therese Fitzgerald During the very last session of last week’s MBA-CREF conference, an audience member asked a question that got a big reaction from the panelists: How important is it for the Federal Reserve and its chairman, Jerome Powell, to…
Net Lease Investment Volume Surges
Dominated by the industrial and logistics sector, net lease investment volume increased by 19 percent quarter-over-quarter and 57 percent year-over-year in the fourth quarter of 2024, reaching $13.7 billion, according to a new report from CBRE. That quarter helped to…
Barings Strikes Deal to Buy Artemis Real Estate Partners
Deborah Harmon, founder of Artemis Real Estate Partners. Image courtesy of Artemis Barings LLC has agreed to acquire Artemis Real Estate Partners, the companies announced on Wednesday morning. The sale is expected to close during the first quarter. According to…
NYC Projects Worth Over $1B Get Green Light
New York’s city council has voted to approve the Science Park and Research Campus Kips Bay and Innovation East life science projects, as announced by the New York City Economic Development Corp. The Science Park and Research Campus (SPARC) Kips…
21 Alpha Group JV Lands Refi for Los Angeles Retail Center
The five-building Crenshaw Plaza occupies a 5-acre site. Image courtesy of JLL The principals of 21 Alpha Group and Intelligent Design Real Estate have obtained $32 million in senior financing through Forbright Bank for Crenshaw Plaza, a 146,901-square-foot grocery-anchored retail…