Baker Hollow Logistics Center includes 32-foot clear heights and ample trailer and vehicle parking space. Image courtesy of JLL NorthPoint Development has bought Baker Hollow Logistics Center, a 165,625-square-foot industrial facility in Windsor, Conn., for $25.3 million. A joint venture of Condyne Capital Partners and an account managed by UBS…

SixSixty was built in 1984 and fully renovated in 2020. Image courtesy of JLL. A joint venture between Revitate’s opportunity zone platform, RevOZ Capital, and Argosy Real Estate Partners has received a $34.1 million construction-to-perm loan for SixSixty, a medical office building in Sacramento, Calif. JLL Capital Markets arranged the…

Summit Two features 25,000-square-foot floorplates across 18 stories. Image courtesy of JLL Spear Street Capital has secured a $72.3 million refinancing loan for Summit Two, a 413,020-square-foot, Class A office building in Atlanta, part of the Perimeter Summit Office Park. RBC Capital Markets issued the five-year note, in a deal…

Data courtesy of CPE survey, Commercial Property Executive compiled the 2025 list of the top 20 commercial real estate brokerage firms. Overall, these leading companies brokered sales amounting to $482 billion in the past year, marking a $32 billion increase year-over-year. The brokerage firms often have a worldwide presence with a wide…

At full build-out, Vantage’s OH1 will comprise three data centers totaling 1.5 million square feet. Image courtesy of Vantage Data Centers Vantage Data Centers has received $5 billion in financing to further its expansion in the sector. Some $2.25 billion will fund the development of the firm’s campus in New…

Ryan Severino Periods of economic uncertainty can unsettle even the most experienced commercial real estate investors. And we’ve faced no shortage of uncertainty in recent periods. A pandemic, inflation, interest rate increases and now the specter of tariffs and trade wars. It can be difficult to peer into the crystal…

Completed in 1972, the facility includes a two-level office component, measuring 11.7 percent of the total. Image courtesy of CommercialEdge DS Graphics has sold a 128,678-square-foot flex industrial asset in Lowell, Mass., for $22.1 million. The Finishing Trades Institute of the Northeast purchased the building. This marked the first time…

Nuveen has launched a 1031 real estate exchange platform that will offer property sellers the opportunity to convert proceeds from a sale into an ownership interest in an UPREIT. The maneuver thereby realizes the tax advantages of a 1031 exchange without the search for a compatible investment property. 333 W.…

Taking stock of the real estate capital markets is a tall order right now. At this volatile moment, it’s invaluable to hear insights from an executive who’s been there and done that through multiple market cycles. In part 1 of a special two-part episode, veteran CRE finance executive Toby Cobb…

Manhattan’s under-construction office pipeline consisted of 4.6 million square feet of competitive space across 12 properties at the end of April, according to CommercialEdge data. This represents 0.9 percent of its existing stock—slightly above the national average of 0.7 percent. The metro’s slow office construction activity follows last year’s trend,…

Meridian Cool Springs is a four-story Class A office building at 3000 Meridian Blvd, in Franklin, Tenn. Image courtesy of CommercialEdge The Nashville office market ended the first quarter of 2025 with mixed dynamics, according to the latest CommercialEdge data. For context, the metro’s under-construction pipeline was on par with…

Source: PropertyShark. a Yardi Systems Company Sale Price: $60 million The property at 95 N. 6th St. swapped in a $60 million portfolio deal that included the adjacent buildings at 97 and 107 N. 6th St. City Urban Realty sold the 12,927-square-foot trio to Acadia Realty Trust. The assets last…

Source: Northmarq, Real Capital Analytics The single-tenant net lease market faced headwinds in first quarter 2025, as transaction activity declined. Total sales volume for the period reached only $9.4 billion, marking a 30 percent contraction from fourth quarter 2024. With one of the weakest starts to a year in recent…

Rendering of Building 1 at 7 Hills Distribution Center. Rendering courtesy of Lingerfelt. A joint venture between Lingerfelt and The Davis Cos. has purchased 95 acres of land in Richmond, Va., for the development of 7 Hills Distribution Center, a four-building industrial property. Construction on the multi-phase project is set…

Source: S&P Global Market Intelligence As of May 2025, publicly traded U.S. equity REITs had an average 2025Q1 AFFO payout ratio estimate of 80.5 percent. Among these sectors, industrial REITs had the highest average AFFO payout ratio estimate for the first quarter of 2025, at 86.3 percent. The office sector…

According to the Electric Power Research Institute, data centers could consume as much as 9 percent of the U.S. total electricity generation by 2030, as revealed during one of the more engaging sessions at Green Buildings Initiative’s data center-focused Better Buildings Seminar. Data centers could consume as much as 9…

Office visits in April 2025 vs. April 2019. Source: Placer.ai With Google and Uber joining the ever-growing ranks of companies tightening remote work policies, employees across industries are being forced to spend more time in the office. But how much are office visit patterns really changing on the ground? Did the resurgence observed in…

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 the project, as well as their severity and probability. Legence…

Upon completion, Building 1 will be a rear-load facility with a 32-foot clear height and 27 dock-high doors expandable up to 64. Image courtesy of Hunt Midwest Hunt Midwest has started construction on the first two speculative buildings totaling 775,000 square feet at the 275-acre Simpsonville 64 Logistics Park in…

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’ 3100 Hamner Ave. development in Ontario, Calif. Image courtesy of…

Source: Mortgage Bankers Association Total commercial real estate mortgage borrowing and lending is estimated to have totaled $498 billion in 2024, a 16 percent increase from the $429 billion in 2023, and a 39 percent decrease from $816 billion in 2022. This is according to the Mortgage Bankers Association’s 2024…

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 is solidifying its status as a key logistics and manufacturing…

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 solution, and Atlanta is a leading example of this trend.…

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 center project in Abilene, Texas. Newmark arranged the financing for…

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 developing the project in partnership with The Urban Investment Group…

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. purchased the building in a CBRE-brokered deal. CTBC Bank issued…

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 in the city since 2019. Back then, WeWork committed to…

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 to regulatory approval and other customary conditions. The tire company…

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 2938 Brown Road, a 528,750-square-foot, fully leased distribution center in…

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 land more than doubles the buildable acreage the company owns…

Lanie Beck A growing phenomenon in brick-and-mortar retail is the store-within-a-store or shop-within-a-shop business model, where one retailer leases a section of its floor space to another retailer. Case in point: the ongoing strategic partnership between Target and Ulta Beauty since 2020, in which the latter operates “mini-shops” within select…

David Berglund The Minneapolis industrial real estate market is redefining what it means to be a secondary market, emerging as what I call a “primary secondary market.” This unique positioning is turning heads among institutional and private equity investors alike who are drawn to the Twin Cities’ rock-solid stability, robust…

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 Advisors sold the property for $20.3 million. Rebranded as Axis…

West Allis Towne Centre underwent a cosmetic renovation in 2011. Image courtesy of Octave Holdings and Investments Octave Holdings and Investments has paid $30.7 million for West Allis Towne Centre, a 325,309-square-foot power center in West Allis, Wis. KPR Centers sold the asset one year after having acquired it for…

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 spearheaded the negotiations on behalf of the tenant. The vintage…

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 you position your portfolio for success. Join CPE and Mark…

The cross-dock industrial building is at 3040 Shelby Industrial Drive and includes 36-foot clear heights and ample trailer and vehicle parking space. Image courtesy of JLL High Street Logistics Properties has purchased Building 5 at Mid Florida Logistics Park, a 246,460-square-foot cross-dock facility in Apopka, Fla., within the Northwest Orlando…

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 million in a deal brokered by Cushman & Wakefield on…

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 in Houston will feature four buildings. Image courtesy of Provident…

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 changed hands for some $51.3 million or about $483 per…

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 Speyer and The San Francisco Giants own the 313,952-square-foot office…

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 deal on behalf of the property’s previous owner, a joint…

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 year, TriNet has committed to 150,000 square feet within High…

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 by local company De La Vega Development. The transaction’s dollar…

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 stayed the course to show what a workplace could be…

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 companies launched a $700 million partnership to invest in IOS…

The Pruneyard office campus in Campbell, Calif., traded this year at a more than 60 percent discount, with PSAI Realty Partners paying $54 million. image courtesy of CommercialEdge Distressed office assets are distressed for a reason. Those acquiring them face inherent risk. Yet, many such properties are continuing to find…

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 its findings on approximately 561 publicly announced headquarters relocations between…

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 Beach, Fla. Image courtesy of Bradford Allen Investment Advisors and…

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 Germany-based fund manager Union Investment, represented in the U.S. by…

The industrial building at 45 Crosby Drive in Bedford, Mass., was developed in 1978. 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 a Class…

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 Oliver Street Capital has purchased a 784,000-square-foot industrial portfolio across…

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 to fulfill online orders made on Walmart.com. In April, Walmart…

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, Casey Family Programs has signed a 79,189 square-foot agreement for…

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 portfolio manager of INCREF and global head of credit for…

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 ground. Image by RonFullHD/iStockphoto.com As online shopping gains momentum, the…

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 with four initial workspaces across Florida Flex office giant Industrious,…

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 of its peers, clocking in at $20 million. At the…

The Core is totaling nearly 270,000 square feet at 950 Waterfront Place and came online last year as RaDD’s is third life science building. Image courtesy of CommercialEdge IQHQ Inc. has signed a 50,000-square-foot lease at its Research and Development District in downtown San Diego. Leading genomics research laboratory J.…

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 a target range of 4.25 to 4.5 percent, the Federal…

Completed in 2006, the three-building Arboretum at Cox Road is less than 20 miles from downtown Charlotte, N.C. Image courtesy of Alta Peak Capital A joint venture between Alta Peak Capital and Centerlane Capital has acquired Arboretum at Cox Road, a three-building, 63,000-square-foot medical office campus in Gastonia, N.C., a…

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 Markets arranged the transaction. The property is situated at 205…

The office building at 31 W. 52nd St. rises 29 stories and includes column-free floorplates and ground-floor retail spaces. Image courtesy of CommercialEdge Mudrick Capital Management has signed a 26,600-square-foot, 12-year lease at 31 W. 52nd St., a 29-story office tower in Manhattan’s Plaza District. Transwestern brokered the deal on…

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 represents 40 percent of the more than $1.5 trillion invested…

Image by MassimoVernicesole/iStockphoto.com The power of the U.S. economy lies in its entrepreneurship, its work ethic and a relatively light government hand, particularly as it relates to regulations and taxes. This allows the U.S. to punch well above its population weight. We are home to the world’s most innovative companies…

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 Gregg Wallace (right), are co-CEOs of the newly formed entity,…

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 of this year. The Manhattan-based flex office provider will occupy…

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 will include roughly 200,000 square feet of grocery, retail and…

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., for $116.5 million. A joint venture of LX Pantos and…

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 Related Ross, Wexford Real Estate Investors and Key International. The…

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 short term, the quantity of space delivered in the major…

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…

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…

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…

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 was the previous owner, according to CommercialEdge. CBRE brokered the…

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…

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…

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…

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…

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…

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.…

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…

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…

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…

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…

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…

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…

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. Despite developers breaking ground on a single office project, the…

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 global real estate firm worked on behalf of the site’s…

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 by Daol Asset Management. Ocean West Capital Partners led the…

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 new projects delivered through the first couple of months. Despite…

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. The company, which is the parent of LendingClub Bank, will…

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, according to a new report from Savills. The fixed-hybrid model…

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 brokered the deal on behalf of the landlord, Skyline Developers.…

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 to CommercialEdge data. On par with national trends in construction…

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 the first transaction since the company purchased the asset as…

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 office space in the Empire State Building in Midtown Manhattan.…

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 by a JLL Capital Markets team led by Managing Director…

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 Florida, South Carolina, and Georgia, as well as seven clubs…

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. The firm will occupy the entire top floor of the…

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 reported. Slated to open this fall, the new space will…

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 it does. This week is indeed telling a steadier story.…

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 Commerce Center is part of Imeson Industrial Park in Jacksonville,…

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 expansion. The company will occupy the second and third floors…

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 the deal on behalf of the seller. Pacific Coast Capital…

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 pioneer this loan product, which celebrated its 10th anniversary in…

“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 like Mindy McIlroy, president of Terranova Corp., a Miami Beach-based…

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 the large amount of new space coming online pressured vacancies…

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 cities and rural areas. Multi-story fulfillment centers equipped with robots…

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 ACS, working through its U.S. subsidiary, Turner Construction Co. A…

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 and office space previously owned or leased by Nikola Corp.…

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 worked on behalf of the owner, Harrison Street Real Estate…

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 with Blackstone Real Estate have agreed to acquire a 95…

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 returns to the commercial real estate market in the form…

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 Estate Partners, which owns about 4 million square feet of…

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 the asset, according to CommercialEdge data. Newmark brokered the transaction.…

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, set to include 299,030 square feet in San Antonio, Fla.,…

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 million in a deal brokered by Cushman & Wakefield. Completed…

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 Parkway sits on 13.3 acres and features multiple retail and…

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. 57th St. in Manhattan, combining a major refinance through Delaware…

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 industrial park encompassing 451,032 square feet in Fort Worth, Texas.…

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 a 1031 exchange brokered by Marcus & Millichap. The sale…

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 space build-out markets include San Francisco, Boston, Chicago, Los Angeles,…

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 fund focuses on data center development and investment across North…

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 in Houston’s Galleria submarket. Image courtesy of Stream Realty Partners…

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. Florida Mango Road in West Palm Beach, Fla., one of…

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 off during the third quarter. Dubbed ATLAS Exchange, the park…

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 asset and financed the purchase with a $24.9 million loan…

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 by Yutthana Gaetgeaw/iStockphoto.com Transactions. Photo by C. Taylor Crothers/courtesy of…

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 robust and is showing signs of further improvement. However, the…

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’ portfolio includes a 6.7-acre property at 2600 Louisville Road in…

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 is the building’s owner. Foot Locker Inc. is relocating its…

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. is relocating its headquarters to Global Holdings’ 99 Park Ave.…

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. Webster Bank provided the permanent loan. The company acquired the…

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 the highest one-year average dividend yield among this group, at…

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 throughout seven metropolitan areas. Franklin Templeton’s Clarion Partners Real Estate…

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 data center development and investment platform with a near-term $45…

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 RXR. Fox Corp. is planning to vacate about 330,000 square…

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 some of their most effective practices. Carrie Szarzynski Getting Out…

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 the office recovery has slowed, with February visits down by…

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 Atlanta. Image courtesy of SkyREM The property will receive significant…

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 Island, N.Y. Levin Management Corp. represented the landlord. The supermarket…

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 service equipment facility. Image courtesy of United Airlines Slated for…

NorthPoint One features 32-foot clear heights, two drive-in doors and 36 dock-high doors. Image courtesy of Sealy & Co. Sealy & Co. has purchased NorthPoint One, a Class A, 182,000-square-foot industrial facility in Westfield, Ind., near Indianapolis. The previous owner, Holladay Properties, also developed the facility within the 300-acre NorthPoint…

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 a powerful impact on private entities, too. In the commercial…

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, while owner Granite Properties had in-house representation.  The structural engineering…

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. A client advised by MetLife Investment Management acquired the property.…

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 on an industrial development in May. The site is just…

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. Cristo Rey Orange County High School acquired the asset that…

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 will provide 32 megawatts of estimated IT power capacity when…

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, citing favorable pricing as trumping the rising cost of debt.…

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 agreed to occupy the space for 35 years. Newmark negotiated…

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 delivery in the first quarter of 2026. Image courtesy of…

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. MSC Industrial Supply sold the property for $32 million, according…

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 venture between Trammell Crow Co. and Clarion Partners broke ground…

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 be relocating from its current space at 555 Fifth Ave.…

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 4.25 to 4.5 percent. The current Federal funds rate has…

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 a record low of 2.6 percent, with robust data center…

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 Partners’ Bayport Plaza, in Tampa, Fla. The new office space…

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 transaction. The retailer will occupy a former Walmart location, Atlanta…

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 in the third quarter of 2024, together with Ferguson Partners.…

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 office space. Upgrades include a new reception area and social…

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, the global real estate advisory firm announced. To head up…

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 of a 202,000-square-foot industrial project in Lakeland, Fla. JLL Capital…

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” this summer. The 33-story office tower at 1500 Broadway underwent…

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, a 1 million-square-foot office building in Houston. The company will…

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, a two-building, 363,955-square-foot industrial complex in Monument, Colo., a Denver…

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 million square feet), surprised the commercial real estate industry and…

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, Ackerman & Co. Janus International Group, a manufacturer of self-storage…

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 in McDonough, Ga., about 35 miles from downtown Atlanta. The…

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 Piper Sandler Special District Group, a specialty financing firm, to…

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. Robert Wood Johnson University Hospital, an RWJBarnabas Health facility, master-leases…

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 enhances its ability to better advise clients with a presence…

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, Mass., is a fully occupied 109,300-square-foot infill warehouse with a…

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 in opposite directions. For top tier assets, base and effective…

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 Rock Hill, S.C. Graham Capital sold the asset, while Avison…

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 Capital Management, has acquired Lehi Spectrum I and II, Utah…

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 a deal arranged by Newmark. The Link comprises two eight-story…

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 totaling 212,086 square feet in Manassas, Va. Image courtesy of…

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 Cottage, N.Y. The tenant is National Ramp, a residential and…

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 second of its kind to secure a total capital commitment…

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 diligence, underwrite, close and manage the assets. Tammy Jones, Co-Founder…

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, efficient efficiency is remains the primary goal for property owners…

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 megawatts of positive net absorption in 2024, according to the…

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 currently offer incentives for data centers as a way of…

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 Estate Fund III, with $582 million in equity commitments. This…

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 identified the owner as Lionstone Investments, which developed the building…

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 track to grow by 10.6 percent over the next five…

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 Real Estate Services worked on behalf of the landlord, while…

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 ground on I-84 Orange County Logistics Center, a 146,075-square-foot industrial…

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 involving remote and hybrid work. The amount of delivered office…

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 park, according to CommercialEdge information. Hines had acquired the campus…

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 the asset in a transaction arranged by JLL. Paragon had…

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 covered by insurance. Put another way, even that conservative estimate…

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 increased overall balance of all CMBS loans outstanding. Compared to…

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 less severe decline than CBD and urban submarket properties. Image…

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 Editor’s NoteAdaptive Reuse’s Makeover Moment Market PulseThe Latest Economic, Demographic…

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. The new ownership also secured $50 million in acquisition financing…

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 million, according to CommercialEdge. Echo Real Estate Capital Inc., in…

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 and Two, a two-building Class-A multi-tenant project totaling 509,216-square-foot in…