COMMERCIAL REAL ESTATE HEADLINE NEWS

 
 

CRE Headline News

Commercial Property Executive

  • newPhoenix Investors to Bring Self Storage Near Milwaukee
    The firm will transform a 200,000-square-foot industrial property in Mount Pleasant, Wis. into a self storage facility with 2,000 units. Store Here Self Storage will manage the asset.
    - 21 hours ago 22 Mar 19, 5:34pm -
  • newCharlotte CBD Office Building Sells for $41M
    Anchored by Bank of America, the 10-story property constructed in 1987 last changed hands less than three years ago. CBRE brokered the latest transaction.
    - 22 hours ago 22 Mar 19, 4:42pm -
  • Atlanta Multifamily Report – Winter 2019
    Solid population growth and a strong economy continued to boost Atlanta’s rental market, with the city ranking third for rent growth among major U.S. metros last year.
    - 1 day ago 22 Mar 19, 1:46pm -
  • Downtown Miami’s Hotel Sector Shines On
    The area's beaches have long been a hospitality magnet, but the city core is lately emerging as a powerful contender.
    - 1 day ago 22 Mar 19, 1:33pm -
  • Pinterest Inks 490 KSF Lease in San Francisco
    The popular website will be the anchor tenant at Alexandria Real Estate Equities’ 88 Bluxome St., in the SoMa neighborhood.
    - 1 day ago 22 Mar 19, 1:13pm -
  • New York Life REI Originates $94M for Bay Area Office Asset
    The 20-year mortgage will be used to finance the redevelopment of Westlake Realty Group's nine-story, 118,000-square-foot headquarters in San Mateo.
    - 1 day ago 22 Mar 19, 1:09pm -
  • TerraCap Management Expands DFW Presence
    Griffin Partners worked with CBRE to sell the roughly 368,000-square-foot, Class A Preston Park Financial Center in Plano, after more than a decade of ownership.
    - 1 day ago 22 Mar 19, 12:31pm -
  • TN Industrial Distribution Facility Trades for $24M
    Superior 3rd Party Logistics Inc. already inked a 237,000-square-foot lease at the Couchville Pike Business Center I in Mt. Juliet with the new owner, a Fortress Investment Group-lead joint venture.
    - 1 day ago 22 Mar 19, 12:17pm -
  • Fannie Mae Report Predicts Economic Slowdown
    The GSE estimates 2.2 percent GDP growth in 2019, a 90 basis-point year-over-year decline largely attributed to the fading impact of the 2017 tax cuts, as well as decelerating business investment and consumer spending.
    - 1 day ago 22 Mar 19, 12:09pm -
  • Lee & Associates Welcomes SVP in Cincinnati Office
    Industry veteran George Stinson specializes in the sale and leasing of office, industrial and retail properties throughout the Greater Cincinnati area.
    - 1 day ago 22 Mar 19, 11:58am -

National RE Investor

Wall Street Journal

  • CBRE Global Investors Buys Stake in Three GGP Malls
    One of the world’s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.
    - 27 Aug 18, 11:35pm -
  • FAO Schwarz Is Returning to New York
    A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.
    - 27 Aug 18, 10:52pm -
  • Bottle Maker Quadruples Manhattan Office Space
    S’well Bottle, a maker of reusable beverage bottles, has quadrupled its office space, landing a two-year sublet in the Flatiron District of Manhattan, the company announced.
    - 15 Aug 18, 7:12pm -
  • Target to Open on the Lower East Side
    Target Corp. has signed a lease to open a 22,500 square-foot store at the 1.9 million-square-foot development stretching across several Manhattan blocks called Essex Crossing.
    - 15 Aug 18, 6:47pm -
  • Chocolate Giant Ferrero to Look for Innovation at Cornell Tech
    Ferrero, Italian manufacturer of sweets and chocolates, is setting up an innovation outpost at Cornell University’s technology campus on Roosevelt Island in New York City.
    - 15 Aug 18, 6:47pm -
  • Apple Headquarters Signals Tech's Boom, Bravado
    Apple Inc.’s new headquarters in Silicon Valley is the most lavish in a spate of glitzy new architectural projects by tech titans at a time when their businesses are booming and market valuations are soaring.
    - 15 Aug 18, 6:15pm -
  • Value of Trump's Golf Clubs Lags Behind Investment Surge
    President Donald Trump’s golf courses are in the spotlight, but the value of the properties hasn’t kept pace with the amount of money he has invested to make upgrades.
    - 15 Aug 18, 6:00pm -
  • Supermarkets Face a Growing Problem: Too Much Space
    A massive build-out by retailers has left the country piled up with grocery shelves as consumers shift from big weekly shopping trips to more snacking and to-go meals.
    - 15 Aug 18, 5:32pm -
  • New Jersey Office Rents Near Records
    Asking rents for New Jersey office space are nearing records as landlords undertake extensive renovations and fill older properties with top-notch amenities.
    - 15 Aug 18, 4:40pm -
  • Malls Never Wanted Gyms. Now They Court Them
    Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they’re giving health clubs some of their best real estate.
    - 15 Aug 18, 4:38pm -

GlobeSt

  • newSands Investment Group Preps for Wider Expansion
    “We have discussions for at least one other office this year and have the potential to open two to three offices per year.       
    - 18 hours ago 22 Mar 19, 8:59pm -
  • New Apartment Deliveries Increase Demand for Property Management
    Apartment deliveries will increase 15% this year over 2018, and apartment property managers are preparing for the increased demand.       
    - 1 day ago 22 Mar 19, 9:00am -
  • Does Artwork Impact Occupancy?
    More and more developers are incorporating artwork and local galleries into projects to make a connection with residents.       
    - 1 day ago 22 Mar 19, 9:00am -
  • Zeroing in on Recruiting, Training Young Professionals
    At the firm's recent leadership summit, NAI Global talked about focusing not only on attracting young brokers, but the importance of mentorship and their role in new business.       
    - 1 day ago 22 Mar 19, 9:00am -
  • CRE Women Look for Firms That Walk the Talk
    JLL, which has a leadership development program for all levels within the organization, has been named one of National Association of Female Executives' Top Companies for Executive Women for the fourth year.       
    - 2 days ago 22 Mar 19, 2:00am -
  • CBRE to Manage 14M-SF MOB Portfolio
    Providence St. Joseph Health is in the process of transforming its service delivery to more directly support the full continuum of care, including community-based, acute and post-acute care.       
    - 2 days ago 21 Mar 19, 10:03pm -
  • David Brickman Named CEO of Freddie Mac
    Sara Mathew, Chair of Freddie Mac's Board of Directors, noted that among his accomplishments, Brickman led the process of driving credit risk transfer and attracting private capital to finance multifamily housing.       
    - 2 days ago 21 Mar 19, 9:43pm -
  • Ensuring Connectivity in Renovating Older Buildings
    Renovations are less expensive than ground-up construction, but internet service provider Stealth Communications explains what's needed for optimal connectivity.       
    - 2 days ago 21 Mar 19, 9:00pm -
  • Florida RE Investment Firm Recapitalizes Legacy Partners
    “We see this capitalization as an opportunity to usher in the next era of growth for Legacy Partners, says Legacy Partners CEO W. Dean Henry.       
    - 2 days ago 21 Mar 19, 3:18pm -
  • Thriving in the Stiff Competition of Food Halls
    With landlords looking to food halls as the experiential real estate solution, consultant Julia Heyer provides straight talk on this increasingly crowded business.       
    - 2 days ago 21 Mar 19, 9:02am -

CRE News

BizJournals

CoStar

Connect CRE

  • newTexas Marks 106 Consecutive Months of Job Growth
    February 2019 marked the 106th consecutive month of annual Texas job growth for total nonfarm employment. The Texas Workforce Commission reported that 17,700 seasonally adjusted, nonfarm jobs were added over the month. The workforce increased by 256,…
    - 14 hours ago 23 Mar 19, 1:00am -
  • newFlo Trend Finds Space in Far North Houston
    Specialty fabricator Flo Trend signed a lease for 46,150 square feet in Houston’s far north submarket. The company is using the warehouse/office space at 1400 Kowis St. for its headquarters and operations. NAI Partners’ Chris Caudill and Joel Mic…
    - 14 hours ago 23 Mar 19, 1:00am -
  • newOne Year Later, Still “No” to Chapman Parks
    Close to a year after the Leander City Council rejected a rezoning application for master-planned community Chapman Parks, council members once again denied developer Stantec Consulting permission to change zoning on 317 acres at Mesa Vista Drive and…
    - 14 hours ago 23 Mar 19, 1:00am -
  • newPlans Unveiled for 97K-SF RidgeWood Orthopaedic Center
    Worth & Associates is preparing to develop RidgeWood Orthopaedic Center, a 97,000-square-foot medical building in San Antonio’s Stone Oak neighborhood. The proposed three-story building will be home to TSAOG Orthopaedics, and part of the larger Rid…
    - 14 hours ago 23 Mar 19, 1:00am -
  • newDallas Cowboys Owner Snags More Frisco Land
    Blue Star Land, owned and operated by Dallas Cowboys football team owner Jerry Jones, expanded its land collection in Frisco, TX, acquiring 60 acres at the Dallas North Tollway and Rockhill Parkway.  The acreage is geographically close to the 200-ac…
    - 14 hours ago 23 Mar 19, 1:00am -
  • newCIL Group Continues Weslaco Expansion
    Commodities Integrated Logistics Group (CIL) launched construction on 282,500 square feet of warehouse space at the Mid Valley Industrial Park in Weslaco, TX. The new buildings will increase Rio Grande Valley holdings of CIL Group beyond its 1.1 mill…
    - 14 hours ago 23 Mar 19, 1:00am -
  • Steel Tariffs Hit Home for Makers of Construction Equipment
    The impact of steel tariffs on construction costs has been widely reported in recent months. Now, an IHS Markit study puts the spotlight on a related industry that is already feeling a financial pinch: manufacturers of heavy equipment, including the…
    - 1 day ago 22 Mar 19, 7:34am -
  • Driftwood Snags Marriott Mission Valley Hotel for $86M
    Miami-based Driftwood Acquisitions & Development, LP (DAD) entered the California market with the $85.7-million acquisition of the 353-key Marriott Mission Valley in San Diego. The privately-held hotel investment firm also intends to develop a second…
    - 1 day ago 22 Mar 19, 7:25am -
  • Bentall Kennedy Bags Newly-Constructed Stockton Logistics Facility
    Bentall Kennedy (U.S.) Limited Partnership acquired a fully-leased industrial building at NorCal Logistics Center in Stockton, CA on behalf of its US Core Fund for a reported $105.3 million. The seller was a partnership between CT Realty and Diamond…
    - 1 day ago 22 Mar 19, 7:24am -
  • Historic Oakland Church Transformed into MF with Investment from Chase
    The former 1930s-era Melrose Baptist Church in Oakland, CA has been transformed by Riaz Capital into a 60-unit apartment project. The painstaking restoration of the Rose on Bond, which is listed on the National Register, delivers much-needed workforc…
    - 1 day ago 22 Mar 19, 7:23am -
clear-spacer clear-spacer