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Skanska Wraps Up DC-Area Development
The office building at 3901 Fairfax Drive rises nine stories. Image courtesy of Skanska Skanska has completed 3901 Fairfax, its 201,000-square-foot office building in the Rosslyn-Ballston corridor of...
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EQT Exeter REIT Buys 2 Assets for $245M
The warehouse at 1500 Shoals Way is fully leased to Shoals Technologies Group. Image courtesy of EQT AB EQT Exeter Real Estate Income Trust Inc. has acquired two industrial properties—one near...
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Phoenix Lands Latest Multibillion-Dollar Data Center
The development in Mesa, Ariz., marks Novva’s first data center in the state. Image courtesy of Novva Data Centers Novva Data Centers plans to build a 300 MW campus on 160 acres in Mesa, Ariz. The...
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Tishman Speyer JV Marks Harvard Project Milestone
The 440,000-square-foot lab component of Tishman Speyer’s Harvard Enterprise Research Campus in Allston, Mass., has topped out, with the final steel beams of the East and West lab buildings having...
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First Washington Realty Sells Tucson Shopping Center for $51M
Casas Adobes Plaza is at the intersection of Oracle and Ina roads in Tucson. Image courtesy of JLL First Washington Realty Inc. has sold Casas Adobes Plaza, a 92,330-square-foot shopping center in...
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Sterling Bay Nails Down Final OK for Tech Campus Near Denver
Sterling Bay has received final approval from the city council in Louisville, Colo., for the 475-acre Redtail Ridge innovation district. The Redtail Ridge Innovation Campus will include about 2.5...
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$5B JV Demonstrates Energy of Data Center Sector
The just-announced $5 billion joint venture development agreement among funds managed by Blue Owl Capital Inc., Chirisa Technology Parks and PowerHouse Data Centers looks like a deal very much of the...
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CRE Prices Are Leveling Off as the Sector Hits a Turning Point
The CRE sector remains for the most part resilient and adaptable, as evidenced by a growing stability in property prices, according to Integra Realty Resources’ 2024 midyear report. “Employees remain...
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MCB Real Estate JV Pays $65M for Inland Empire Retail Center
A joint venture between MCB Real Estate and a fund managed by DRA Advisors has acquired Falcon Ridge Town Center, a 273,424-square-foot retail center in Fontana, Calif., for $64.7 million. This was...
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DECA Gets $135M for Inland Empire Project
The Perris Gateway warehouse will feature 124 dock-high doors and four drive-in doors. Image courtesy of DECA Cos. A joint venture of DECA Cos. and Wildcat Capital Management has received a $135...
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STAG Industrial Lands $1B Refi
STAG Industrial is developing a two-building industrial campus in Gibsonton, Fla., in partnership with Trammell Crow Co. Image courtesy of Trammell Crow Co. STAG Industrial Inc. has refinanced its $1...
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Carlyle Commits $1B to North Bridge for C-PACE Financing
Carlyle, the global investment firm, has made a strategic investment into North Bridge ESG LLC, a provider of real estate financing, along with a commitment to provide as much as $1 billion to...
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Simon Property Group Lands $3.5B Revolving Credit Facility
David Simon, Chairman & CEO, Simon Property Group. Image courtesy of Simon Property Group Simon Property Group L.P., the majority-owned operating partnership subsidiary of prominent retail REIT...
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Lincoln Property JV to Own, Operate Manhattan MOB
Real estate private equity firm Blue Arch Capital, global real estate owner/operator Lincoln Property Co. and real estate investment manager LoanCore Capital have formed a strategic partnership to own...
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Benderson Buys Retail Center in Southwest Florida
The grocery-anchored Cypress Trace shopping center dates back to 1986. Image courtesy of Benderson Development Benderson Development has acquired Cypress Trace, a 280,000-square-foot grocery-anchored...
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Benderson Grows South Florida Footprint—Again
A Target store anchors The Shops at Midtown Miami. Image courtesy of JLL Benderson Development has purchased The Shops at Midtown Miami, a 347,740-square-foot, grocery-anchored retail center in Miami....
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Clarion Obtains $94M for Boston Life Science Property
The two-story LINX came online in 2018. Image courtesy of JLL Clarion Partners has received a $94 million, five-year refinancing loan through Société Générale for LINX, a 185,015-square-foot life...
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SITE Centers Sells Free-Standing Whole Foods for $44M
Whole Foods at Bay Place came online in 2007. Image courtesy of JLL SITE Centers Corp. has sold the 57,218-square-foot, free-standing Whole Foods at Bay Place in Oakland, Calif., for $44.4 million....
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Blackstone’s EQ Office Sells San Diego Campus for $77M
Highlands Corporate Center comprises five office buildings completed in 1985. Image courtesy of Harbor Associates A joint venture between Harbor Associates and F&F Capital Group has acquired...
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Mohr Capital Wraps Up Rail-Served Industrial Project
West Summit at Surprise came online on nearly 47 acres within Summit Business Park. Image courtesy of Mohr Capital Dallas-based Mohr Capital has completed West Summit at Surprise, a...
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Sealy Signs 1.6 MSF Renewal Near St. Louis
Completed in 2008 and expanded in 2015, Lakeview Commerce Center III measures some 1.1 million square feet. Image courtesy of CommercialEdge Sealy & Co. has inked a two-building lease renewal,...
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Welcome Group Wraps 1st Phase of Durham Industrial Park
Welcome Group LLC, of Houston, has opened the first phase of its Welcome Venture Park industrial project in Durham, N.C. Phase 1 of Welcome Venture Park consists of nearly 400,000 square feet across...
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MDH Partners Buys IKEA Distribution Center Near Houston
Cedar Port Distribution Park is fully leased to IKEA. Image courtesy of JLL MDH Partners has acquired Cedar Port IKEA, a 996,482-square-foot industrial distribution center in Baytown, Texas, near...
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DRA Advisors JV Buys New Jersey Grocery-Anchored Portfolio
Lacey Mall encompasses nearly 174,000 square feet of retail space. Image courtesy of CBRE A fund managed by DRA Advisors, in conjunction with Soundwater Properties, has acquired a three-property,...
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RXR Partners JV Secures $320M Recap for NYC Building
RXR, through its Office Recovery Fund, has partnered with Hudson Bay Capital to share ownership of and reposition 620 Ave. of the Americas, a historic 500,000-square-foot office and retail building in...
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RED Development JV Secures $227M Refi for Dallas Tower
A joint venture of KB Asset Management Co. Ltd. and RED Development has received a $227 million refinancing loan for The Union, a mixed-use development in Dallas’s Uptown submarket. The Union tower in...
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Venture Velocity Sells Vintage Property for $59M
The latest and greatest Class A industrial properties command the spotlight these days, but once in a while a deal stands out for bucking that stereotype. Yeadon Industrial Center is located at 6250...
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Stream Realty Secures $63M for Chicago-Area Portfolio
Stream Realty Partners has secured $63 million in financing for the Chicagoland Industrial Portfolio, which comprises five Class A industrial buildings in the Chicago metro area. JLL Capital Markets...
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SL Green Signs 73 KSF Manhattan Tenant
The office tower at 245 Park Ave rises 45 stories in Midtown Manhattan. Image courtesy of CommercialEdge SL Green Realty Corp. has signed a 72,515-square-foot, 10-year lease with Verition Group NY...
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SoCal Investor Buys Home Depot Return Center for $70M
Cohen Asset Management has sold a 400,000-square-foot Class A cross-dock industrial building in Phoenix to Karney Properties for $69.6 million. Cushman & Wakefield advised the seller. The Home...
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Transwestern Wraps Up Fort Worth Industrial Campus
Mid-Cities Logistics comprises some 908,000 square feet of industrial space across five buildings. Image courtesy of Adolfson & Peterson Construction Transwestern Development Co. has completed...
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Trammell Crow Breaks Ground on 8 MSF Chicago Campus
Part of Plainfield Business Center, the speculative warehouse was designed to have 40-foot clear heights and 80 dock doors expandable to 160. Image courtesy of Trammell Crow Co. Trammell Crow Co. has...
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Venture One, BGO Get Underway on Long Island Cold Storage Facility
Venture One and BGO Cold Chain have broken ground on Venture Park Cold at ISP, a speculative Class A cold storage facility in Ronkonkoma, N.Y. Completion of the Long Island property is expected in the...
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Alterra IOS Buys 7-Asset Portfolio
One of the traded assets was a 2.3-acre IOS property at 13 Guenther Blvd. in St. Peters, Mo. Image courtesy of Alterra IOS Alterra IOS has acquired seven properties located in as many metro areas...
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BNSF’s Plan for Huge Industrial Park Moves Forward
The BNSF Railway Co. has received a recommendation from the Maricopa County Planning & Zoning Commission that a comprehensive plan amendment for the railroad’s 839-acre Logistics Park Phoenix be...
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Vista Property Group Refinances Chicago Office Building
The office building at 609 W. Randolph St. rises 15 stories in downtown Chicago. Image courtesy of JLL Vista Property Group has received $32 million for the refinancing of 609 West Randolph, its...
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BXP Unveils NYC Skyscraper Design, Taps Leasing Agent
343 Madison is less than a block from Grand Central Terminal in Manhattan. Image courtesy of Volley Studio BXP has chosen CBRE as its exclusive leasing agent for 343 Madison Avenue, the developer’s...
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Retail’s Post-Pandemic Recovery
Urban retail is emerging as a stellar post-pandemic sector, attracting both investors and prime tenants, in a trend driven by sturdy consumer spending, an increase in foreign tourism in major U.S....
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Capital Commercial Buys Houston Office Building
Capital Commercial Investments Inc., of Austin, Texas, has acquired Energy Crossing II, a 327,404-square-foot office building in Houston’s Energy Corridor. JLL Capital Markets led the sales effort for...
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Greystar Lands 1st Industrial Tenant at $500M Phoenix Mixed-Use
Caliber by Greystar is the industrial component of an 88-acre mixed-use development. Image courtesy of Greystar Gateway Classic Cars has signed to become Greystar’s first tenant at the Class A...
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Seagis Secures $102M for East Coast Industrial Portfolio
Seagis Property Group LP has landed $102 million in financing for a 495,674-square-foot portfolio of three Class A infill industrial assets in South Florida and Northern New Jersey. 535 Dowd Ave. in...
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Thor Equities Secures Loan for Miami Retail Center
Thor Equities Group has secured a $37 million construction loan from ACRES Capital for the 63,000-square-foot Wynwood Walk neighborhood retail center in Miami. Wynwood Walk is at 230 N.W. 29th St. in...
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AEW Capital Buys Austin-Area Retail Center
AEW Capital Management has purchased Bar W Marketplace, a 189,507-square-foot community retail center anchored by an H-E-B grocery store, in Leander, Texas, a suburb of Austin. JLL Capital Markets...
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Meta Eyes $10B AI-Optimized Data Center Campus
Meta’s data center campus in Richland Parish, La., will encompass 4 million square feet at full build-out. Image courtesy of Louisiana Economic Development Meta, the parent company of Facebook and...
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Proficiency Capital Secures Loan for Inland Empire Buy
Proficiency Capital LLC has received $32.2 million in acquisition financing for McGee Business Center in Chino and Pomona, Calif., in the Inland Empire West submarket. JLL Capital Markets sourced the...
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Prologis, Skybox Sell Chicago-Area Data Center Project
Prologis Inc. has sold a data center development in Chicago to Australian alternative asset manager HMC Capital. Chris Curtis, Global Head of Data Centers, Prologis. Image courtesy of Prologis In...
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SL Green Lands Major Lease Renewal
SL Green Realty Corp. has renewed major tenant The Travelers Insurance Co. for 122,788 square feet at 485 Lexington Ave. in Manhattan. The insurer will remain on a portion of the seventh floor and all...
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Blue Owl, Chirisa, PowerHouse Get $600M for NoVa Data Center
Northern Virginia is home to the highest data center concentration in the world, with projects such as PowerHouse’s 800 MW project in Spotsylvania. Image courtesy of PowerHouse Data Centers Blue Owl...
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Fenway Capital Secures Refi for Sacramento Office Property
A subsidiary of Fenway Capital Advisors has received a $16.7 million refinancing for 100 Howe, a 130,000-square-foot Class A boutique office complex in Sacramento, Calif. JLL Capital Markets secured...
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JV Secures $74M Loan for Metro Miami Building
A joint venture of Taubco and Landau Properties has received a $74 million construction loan to develop One Kane Concourse, a 125,000-square-foot office building on Miami’s Bay Harbor Islands....
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