Commercial property

The pandemic-related acceleration of Sun Belt’s office markets

Alexander Paul For years, investors have viewed the office markets of Boston, Chicago, Los Angeles, New York, San Francisco and Washington, D.C., as key investment opportunities – large gateway markets with enough growth potential to produce regular returns. However, during the most recent growth cycle, and particularly since the onset of the COVID-19 pandemic, a […]

Commercial property

Medical Technology Company Expands to Phoenix Office Campus

IDEA Temp. Image courtesy of CBRE Becton, Dickinson and Co. increased the footprint of its Greater Phoenix office to nearly 153,000 square feet. The medical technology company signed a 165-month, 32,917 square foot lease extension at IDEA Tempe, a 1 million square foot incremental development in Tempe, Arizona. CBRE negotiated the agreement on behalf of […]

Industrial property

Faropoint Acquires 62,000 Square Foot Last Mile Industrial Property in Meadowlands for $17.7M

Faropointa leading real estate investment firm focused on last-mile industrial properties in high-population-growth markets, announced Wednesday the acquisition of 121 Moonachie Ave. – a 62,000 square foot building in Moonachie – for $17.7 million. “Northern New Jersey remains an attractive and competitive market for industrial investment as the need for last-mile logistics and distribution centers […]

Commercial property

A look at large-scale industrial projects in Phoenix

Phoenix. Image by Kevin Ellis via Pixabay As the space race continues, Greater Phoenix continues to establish itself as a vital industrial market. Supported by rapid population growth, optimal geographical position, business-friendly environment, solid infrastructure and available developable land, the city is poised to become a crucial location for logistics and manufacturing companies. “Greater Phoenix […]

Industrial property

Dalfen Industrial Acquires Industrial Property in the Charleston Area

The property is on the rapidly expanding I-26 corridor, which leads directly to all three ports in Charleston. The Charleston Industrial Market has been in the top 10 fastest growing MSAs by population and economy for several years. Population growth has been over 20% over the past two decades and tenants have demanded space at […]

Commercial property

Mastercard renews the lease of its offices in Miami

801 Brickel. Image courtesy of Nuveen Real Estate Nuveen Real Estate has signed Mastercard International to a lease renewal of 53,700 square feet at 801 Brickel in Miami, ensuring the global payment technology solutions company remains in place at the iconic 415,000 square foot building that has housed it since 1986. With the help of […]

Commercial property

Regent Properties Acquires Iconic Dallas Office Tower

Trammell Crow Centre. Image courtesy of Regent Properties Regent Properties announced the acquisition of Trammell Crow Center, a 50-story skyscraper located in the heart of downtown Dallas. The Los Angeles and Dallas-based company purchased the Class A office building from institutional investors advised by JP Morgan Global Alternatives. Regent did not disclose a sale price […]

Commercial property

South Florida’s First Specification Cold Storage Facility Lands Tenant

Bridge Industrial has yet to complete Bridge Point Cold Logistics Center, the first cold storage facility for rent to be developed on a speculative basis in South Florida, and already the company has landed a tenant to occupy the building. of 312,000 square feet. in its entirety. Bridge recently signed FreezPak to a full construction […]

Commercial property

Brookfield Properties Completes $1 Billion Mixed-Use Project in San Francisco

Mayor London Breed addresses the crowd at the opening ceremony of 5M. Photo courtesy of Kathleen Sheffer Brookfield Propertiesin partnership with Hearst Corp., has completed construction on 5M, a $1 billion mixed-use development in San Francisco’s SoMa. An opening ceremony was held on March 1, attended by municipal representatives, arts organizations and community groups. Started […]

Industrial property

Ocean West Capital buys Flex industrial property in Los Angeles

Ocean West Capital Partners has acquired Smoky Hollow Flex Campus, a 152,000 square foot flexible industrial building, in an off-market deal. Situated on 5.1 acres in the Smoky Hollow neighborhood of El Segundo, the property sits in one of Southern California’s most desirable industrial areas. The 1960s period building currently features a brick facade, roll-up […]

Commercial property

Cohen and ASB pay $130 million for Greater Phoenix asset

Landing 3. Image courtesy of Cushman & Wakefield A subsidiary of Cohen Asset Managementin partnership with ASB Real Estate Investmentspaid $130 million for Landing 3, a seven-building, 525,342-square-foot industrial property in Mesa, Arizona. The joint venture of Martens Development Co.formerly known as Marwest Enterprisesand Dune Real Estate Partners sold the Class A asset. According to […]

Commercial property

Top 5 emerging industrial markets

The industrial sector had another solid year in 2021, propelled by the continued growth of e-commerce. At the end of November 2021, over 300 million square feet of industrial space was under construction across the country and despite the large active pipeline, demand is also expected to be very strong in 2022. This trend has […]

Commercial property

Medical office buildings remain resilient

Highlights from CommercialEdge’s latest report include a growing shift in investor focus towards this strong sub-sector. The medical practice sub-sector has shown its recession-proof potential since the onset of the pandemic, with a growing number of institutional investors and REITs focusing their efforts on one of the best-performing sub-sectors in the world. real estate sector. […]

Commercial property

DivcoWest lands $145 million refi for LA tower

655 N Central Ave. DivcoWest has reached a $145 million refinancing deal for Glendale Plaza, a 24-story office tower in Glendale, Calif., according to Online ReBusiness. CBRE helped negotiate the five-year floating rate note on behalf of the borrower. The funding will retire a $120 million loan that AXA Equitable Life Insurance Co. provided in […]

Commercial property

JV secures $260 million Refi for mixed-use project in Philadelphia

Eastern market. Image courtesy of JLL A joint venture between National Real Estate Advisors, JOSS real estate partners, SSH and young capital secured a $260 million refinancing loan for East Market, a multi-phase, mixed-use project in Philadelphia. Pacific Life Insurance Co. provided the funding, while JLL Capital Markets represented the joint venture. East Market, stretching […]

Commercial property

Beacon Capital, MetLife Ink New lease at Manhattan Tower

575 Fifth Ave. Image courtesy of Beacon Capital Partners FirstService Residentiala residential community manager, signed a 48,000 square foot lease in the 40-story tower at 575 Fifth Ave. in Midtown Manhattan. Necklaces‘ Vice President Mark Friedman entered into the long-term lease agreement on behalf of the tenant. The owners, Beacon Capital Partners and MetLifeused the […]

Commercial property

Laura Hines-Pierce named co-CEO of Hines

Laura Hines-Pierce was previously Senior Managing Director and Head of Business Transformation. Laura Hines-Pierce, Co-CEO, Hines. Image courtesy of Hines Hines has promoted Laura Hines-Pierce to co-CEO of the company. In her new role, she will serve alongside her father, Chairman and CEO Jeff Hines. The announcement comes just as the company turns 65 since […]

Commercial property

Miami Development Update: Mixed Use Drives Office Development

In December, nearly 3.6 million square feet of office space was under construction in Miami, or 5.1% of total inventory, according to CommercialEdge. Continued immigration, accentuated by the pandemic, has spurred investments and relocations in the metro. The office pipeline has grown significantly since late 2020, when it bottomed out at just 1.9 million square […]

Commercial property

Crescent and Nuveen Expand Research Triangle Campus by $500 Million

The Yield, recently expanded by Crescent Communities and Nuveen in North Carolina’s Research Triangle. Image courtesy of Crescent Communities. Crescent Communities, in partnership with Nuveen Real Estate, has acquired 120 acres in Holly Springs, North Carolina, which is part of the state’s Research Triangle. The deal significantly expands The Yield, Crescent’s $500 million in-development life […]

Commercial property

Howard Hughes Corp. to inject $325 million into Maryland redevelopment

Rendering of the planned medical office building in the Lakefront District of downtown Columbia. Image courtesy of Studio Red Architects The Howard Hughes Company. plans to invest $325 million in the Lakefront District of downtown Columbia, as part of the larger 391-acre redevelopment of the central area of ​​Columbia, Maryland. Scheduled to come online in […]

Industrial property

Six-acre industrial property on Chicago’s South Side hits the market

The industrial building on the six-acre property at 1111 West 35th Street (CBRE Deal Flow, iStock) A six-acre industrial site on the South Side of Chicago has entered the market as demand for warehouses has increased. The site at 1111 West 35th Street includes an 11-story, 869,660-square-foot industrial building with office space, according to CBRE’s […]

Commercial property

Investment in East Midlands commercial property doubles to almost £2.3bn in 12 months

The amount invested in commercial property in the East Midlands doubled to almost £2.3bn last year compared to the previous year. Figures from commercial property specialist Innes England suggest the amount spent was also more than 70% higher than the five-year average. The growth has been attributed in part to huge sums of money being […]

Industrial property

City of Industry industrial property sells for $11 million

15430 Procter Ave. in the city of industry. Brentwood-based Rexford Industrial Realty Inc. has purchased nearly 4 acres of industrial property in the City of Industry for nearly $11 million.The property, at 15430 Proctor Ave., is 64,320 square feet.Bob Dipre and Dennis Sandoval of DAUM Commercial Real Estate Services represented the seller, Gayton Group, in […]

Residential propety

Banyan Residential Acquires 34 Acres to Build 230-Unit Single-Family Rental Community in Austin Submarket in Pflugerville, TX

AUSTIN, TX – Banyan Residential, a Los Angeles-based private real estate investment firm, announces the acquisition of 34.4 acres of land in Pflugerville, Texas to develop its third single-family rental community. Developed in partnership with Bridge Investment Group, the community will feature 230 single-family rental homes, as well as a swimming pool, fitness center and […]

Commercial property

RXR and Hudson Realty Capital Launch Joint Lending Transaction

Image courtesy of Gerd Altmann via Pixabay.com RXR and Hudson Realty Capital merge their lending activities to create RXR-Hudson, a strategic commercial real estate lending platform that plans to lend more than $2 billion over the next few years in sectors with high investor demand and favorable demographics, including housing, industrial and healthcare. The lending […]

Industrial property

AEW Capital Management pays $18.4 million for Arlington Heights suburban industrial property

Jonathan Martin, CEO – North America, AEW Capital Management in front of 1400 W. Dundee Road in Arlington Heights (AEW Capital Management, LoopNet) A Boston real estate investment firm has paid $18.4 million for a 375,000 square foot warehouse in Arlington Heights, betting industrial real estate will have another strong year in Chicago. AEW Capital […]

Residential propety

Where to invest in 2022?

Despite a rollercoaster ride in 2021, India’s real estate sector is on course for a strong recovery. The residential and commercial real estate sectors are optimistic about sustainable growth in the near future. From an investment perspective, people are always wondering where to invest, residential or commercial. According to Nakul Mathur, MD, Avanta India in […]

Residential propety

Vraj Infrastructure by Sanjay Savaliya is a leading residential and commercial development company

India, First published 26 Jan 2022 11:23am IST January 22: Vraj Infrastructure is developing commercial, residential and commercial properties in Rajkot and regions beyond. The company is well known for its quality construction and highest customer satisfaction. Vraj Infra has been involved in the construction of residential and commercial developments. They are gradually conquering the […]

Industrial property

Deal value tops £1bn in record year for North West industrial property market

Walker Industrial Estate, Blackburn 2021 has been another banner year for the North West industrial property market, with investment deals crossing the £1billion mark for the first time and occupier takeover at record levels previous, according to specialist agents B8 Real Estate. IThe latest market update shows there were 106 investment deals worth a total […]

Industrial property

North West industrial property transaction values ​​break through £1billion barrier in record year

The North West industrial property market had another record year in 2021, with investment deals crossing the £1 billion mark for the first time. A report by specialist agents, B8 Real Estate, also found that occupant care was at unprecedented levels. There were 106 investment deals worth a total of £1.3bn during the year – […]

Industrial property

Thor Equities Group acquires key industrial property in

New York, NY, Jan. 24, 2022 (GLOBE NEWSWIRE) — Thor Equities Group, a global leader in the development, leasing and management of urban real estate, is pleased to announce the acquisition of a facility industrial building in Newark, New Jersey, covering 131,205 square feet. Located 10 kilometers north of Newark International Airport and 16 kilometers […]

Industrial property

Investor takes ownership of DeSoto

An investor has snapped up industrial property off Interstate 20 in DeSoto. The I20 Corporate Center is a 385,472 square foot industrial property located at 220 E. Danieldale Road. The building is Diab America’s North American headquarters and supplier of industrial materials and machinery. The warehouse was built in 1986 and expanded in 1992. Bradford […]

Industrial property

Thor Equities Group acquires a key industrial property in

New York, NY, Jan. 24, 2022 (GLOBE NEWSWIRE) — Thor Equities Group, a global leader in the development, leasing and management of urban real estate, is pleased to announce the acquisition of a facility industrial building in Newark, New Jersey, covering 131,205 square feet. Located 10 kilometers north of Newark International Airport and 16 kilometers […]

Industrial property

Sitex Group pays $30 million for Greenpoint industrial property

360 Kingsland Avenue in Greenpoint, Brooklyn (Google) Sitex Group acquired an additional 98,000 square feet of industrial property in Brooklyn earlier this month for $30 million. According to the Commercial Observer, the New Jersey-based investor snapped up 360 Kingsland Avenue via an off-market deal brokered by TerraCRG partners Dan Marks and Daniel Lebor on Jan. […]

Industrial property

Weston Acquires Another Midlands Industrial Property > Columbia Business Report

Weston Inc., a Cleveland-based property owner and developer, continues to acquire properties in the Midlands. Weston, with nearly 7 million square feet in its SC portfolio of 45 properties, has acquired a vacant 182,160 square foot industrial building at 3240 Brittain Drive in Newberry. Last February, Weston acquired three vacant properties in the large Columbia […]

Residential propety

City Council clears way for construction of 108-unit downtown apartment building • Long Beach Post News

The appeal, which argued for more environmental scrutiny of the project, was filed by a group called the Supporters Alliance for Environmental Responsibility, which has a history of opposing similar projects in the area. A representative of the group told city council on Tuesday that the Supporters’ Alliance for Environmental Responsibility was not necessarily opposed […]

Industrial property

Staley Point Capital and Bain buy Santa Fe Springs industrial property for $35 million

Kevin Staley, Managing Partner, Staley Point Capital; Andrew Terris, managing director, real estate, Bain Capital; and view of 12065 Pike Street (Google Maps, Bain Capital, Staley Point) UPDATE: January 21, 2022, 11:52: It’s not quser interfacete a six-pack, but Staley Point Capital and Bain Capital Real Estate are expanding their industrial portfolio in Los Angeles, […]

Residential propety

City Council to Hear Appeal of Long Beach Downtown Residential Development Project • Long Beach Post News

The proposed seven-story project for the corner of Seventh Street and Locust Avenue was approved by the Planning Commission in November, but is now headed to City Council due to appeal. The controversial town center plan was passed by the city council in 2012 and set out a framework to accelerate housing production in the […]

Industrial property

Staley Point Capital Acquires Industrial Property of City of Industry for $22 Million

LOS ANGELES, January 13, 2022 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on infill industrial properties, today announced the off-market acquisition of 18689 Arenth Ave, a 97,000 square foot industrial asset in the City of Industry, Californiafor $22 million or $227 per square foot. The transaction represents the company’s first investment […]

Industrial property

ABG Commercial Brokers $15.7 Million Sale of Lawrence Industrial Property

Lawrence, MA – Oliver Street Capital, in a joint venture with an institutional financial partner, has acquired a 90,692 square foot warehouse/distribution center located in Lawrence Industrial Park at 91-101 Glenn St. for 15, $7 million. The asset is fully leased to Mainstream Global, a full-service reverse logistics solutions provider for IT and electronic equipment. […]

Residential propety

VCBank Completes Successful Exit of US Westhaven Multi-Family Residential Assets, Provides 54% Return on Investment to Investors

Manama, Bahrain: Venture Capital Bank (VCBank), an Islamic wholesale bank licensed by the Central Bank of Bahrain, today announced its successful exit from a real estate portfolio in the US multi-family residential sector. With a gross sale value of $ 116.5 million, this release generated a return on investment (ROI) of 54 percent; and provided […]

Commercial property

Saudi Arabia’s Pressure to Attract Regional Headquarters Will Boost Commercial Real Estate Sector

Saudi Arabia’s move to encourage multinational companies to locate their regional headquarters in the kingdom will benefit the office sector in the Arab world’s largest economy, according to a report. The decision is expected to prompt “regional occupiers to review the footprint of their offices in the Middle East and start planning for the long […]

Industrial property

Turnbridge Equities, Dune Buy Canarsie Industrial Property

807 Bank Street and Ryan Nelson from Turnbridge (Arqui300, Turnbridge) Turnbridge Equities and Dune Real Estate Partners recently achieved a rare find, seizing a site in Brooklyn to begin building a warehouse from the ground up. The real estate companies bought two vacant warehouses at 807 Bank St and 300 DeWitt Ave in the Canarsie […]

Industrial property

This is why the demand for industrial property is expected to continue to soar in 2022

Andrew Gent, director of Leeds-based GV, said: The industry had seen “unprecedented levels of demand” from occupants and investors in 2021, leading to higher rents and capital values. Read more Read more Plans for an industrial program expected to create hundreds of jobs in Bradford Register to our Business newsletter Register to our Business newsletter […]

Industrial property

SKB is acquiring a 24,235 square foot industrial rental property located in the historic Ballard neighborhood of Seattle, Washington. |

PORTLAND, Oregon., December 17, 2021 /PRNewswire/ — ScanlanKemperBard (SKB) has announced the acquisition of 600 NW 40and Street, an industrial property located on 0.83 acres just off Leary Way NW between the Ballard and Fremont neighborhoods. The property consists of two warehouses, one of which was recently completed in 2020. The property is currently 100% […]

Industrial property

SKB acquires a leasable 24,235 square foot industrial property located in the historic Ballard district of Seattle, Washington.

The property is currently 100% leased by a single tenant, Glass Eye Studios, which has operated from the property since its construction in 1978. Glass Eye Studios is one of the oldest and largest privately owned glassblowing companies. of the country and has served as a training ground for some of the Pacific Northwest’s most […]

Industrial property

Staley Point Capital Acquires Second Commercial Industrial Property for $13 Million

LOS ANGELES, December 17, 2021 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on infill industrial properties, today announced the acquisition of 2425 Saybrook, a 42,000 square foot warehouse with excess land in Commerce, Calif., for $12.95 million. dollars, or $308 per foot of building or $119 per foot of land. The […]

Industrial property

TISHMAN SPEYER LAUNCHES INDUSTRIAL REAL ESTATE PLATFORM WITH THE ACQUISITION OF TWO MIDDLE MILE DISTRIBUTION CENTERS |

NEW YORK, December 15, 2021 / PRNewswire / – Tishman Spire, one of the world’s leading developers, owners, operators and managers of premier real estate assets, today announced the acquisition of two middle mile distribution centers in Colorado and Pennsylvania. Tishman Spire, Hana Financial Group (HFG) and Vestas Investment Management (Vestas) purchased the facilities, both […]

Industrial property

TISHMAN SPEYER LAUNCHES INDUSTRIAL REAL ESTATE PLATFORM WITH THE ACQUISITION OF TWO MIDDLE MILE DISTRIBUTION CENTERS

NEW YORK, December 15, 2021 / PRNewswire / – Tishman Spire, a leading developer, owner, operator and manager of world-class real estate assets, today announced the acquisition of two middle mile distribution centers in Colorado and Pennsylvania. Tishman Spire, Hana Financial Group (HFG) and Vestas Investment Management (Vestas) purchased the facilities, both 100 percent leased, […]

Commercial property

Entering the business of commercial property management subdivisions business, Shimao Services acquires businesses related to commercial property management services

HONG KONG, December 13, 2021 – (ACN Newswire) – Shimao Services Holdings Limited (“Shimao Services” or the “Company”; HKEX Stock Code: 873.HK) announced that the Company has conditionally agreed to acquire the business property management services and related value-added services provided by Shanghai Shimao in PRC (the “Acquisition”). Upon completion of the acquisition, Shimao Services […]

Industrial property

Dalfen Industrial acquires the industrial property of Winston Salem

Located in the Union Cross submarket, this neighborhood offers a distinct advantage in terms of accessibility and a high quality tenant base with institutional ownership. The building is 100% occupied by a tenant who is currently paying below market rent, which represents a significant increase during renewal as well as when leaving. Other tenants in […]

Industrial property

Staley Point Capital acquires industrial property from Sylmar for $ 24 million

LOS ANGELES, December 9, 2021 / PRNewswire / – Capital of Staley Point (“Pointe Staley“), a value-added investor focused on Southern California industrial properties, today announced the acquisition of 12450 Foothill Blvd., a 103,000 square foot industrial property in the North Los Angeles market, for $ 24 million ($ 234 per square foot). This transaction […]

Industrial property

Dunleer buys Temple City industrial property for $11 million

Beverly Hills-based Dunleer bought a 64,109 square foot industrial property in Temple City for $10.6 million from rake maker McGuire Industries Inc.The industrial building is located on 115,084 square feet of land at 9620-9642 Gidley St.“As consumer demand for last-mile delivery and supply chain costs rise, assets like these, which are located in dense submarkets […]

Industrial property

KKR acquires industrial property in Vista, Calif., From Westcore

VISTA, Calif .– (COMMERCIAL THREAD) – KKR, a leading global investment firm based in San Diego Westcore, a leading industrial real estate acquisition, development and management company, today announced that Westcore has sold an approximately 197,000 square foot industrial warehouse (“Vista Commerce”) located in Vista in California at KKR. Vista Commerce is located on an […]

Industrial property

MDH Partners acquires 2.8 million square foot industrial property portfolio

6220 West 73rd Street, Bedford Park and Chairman and CEO of MDH Partners Jeff Small Jr. (Google Maps, MDH Partners) A group of industrial investors from Atlanta paid $ 83 million for a portfolio of six warehouses and a secure trailer lot in Bedford Park, 15 miles southwest of Chicago – the first expansion of […]

Industrial property

Dalfen Industrial Acquires Industrial Property in the Dallas Area

This property has excellent last mile fundamentals with its proximity to DFW International Airport and dallas/field of love. It connects to both dallas and fort worth, a market of nearly 8 million people, through arteries such as Interstate 35, Loop 12, Hwy. 114 and freeway. 183. Other tenants in the area include FedEx, UPS, PepsiCo, […]

Industrial property

Arden Group launches industrial property investment platform Arden Logistics Parks

PHILADELPHIA CREAM, November 16, 2021 / PRNewswire / – Arden Group (“Arden “), a fully integrated real estate company since 1989, today announced the launch of Arden logistics parks, a first-class logistics real estate operating platform specializing in the acquisition, improvement and real estate management of light industrial activity parks across the country. Technology investment […]

Industrial property

Blackstone cashes 282,000 square foot industrial property for $ 57.5 million

9500 West Sergo Drive and Yoon Khong Hiew, CEO of Singapore REIT Mapletree (Google Maps, Mapletree) Blackstone Real Estate Advisors has cashed in a 282,000 square foot industrial property in suburban Chicago for $ 57.5 million. Mapletree US Management purchased the land occupied by FedEx Ground at 9500 West Sergo Drive in La Grange on […]

Industrial property

PCCP and Capital Partners Acquire 386,724 Square Foot Industrial Property in Minnesota

PCCP, LLC and based in Minneapolis Capital partners have formed a joint venture and acquired a soon to be vacant 386,724 square foot Class A industrial property at 19850 S. Diamond Lake Road in Rogers, Minnesota. The seller was Stag Industrial. Built in 2001, Diamond Lake Road sits on a 22 acre site and has […]

Industrial property

Etkin Johnson sells Axis 25 industrial property for $ 42.5 million – Loveland Reporter-Herald

Etkin Johnson Real Estate Partners LLC in Denver continued its 32 year history in Colorado real estate with the sale of its Axis 25 property to Loveland. Stag Industrial Holdings LLC purchased the layout from Axis 25 Building LLC on September 24 for $ 42.5 million, according to Larimer County real estate records. Axis 25 […]

Industrial property

Stratford’s light industrial property sells for $ 8 million, roughly five times its appraised value

STRATFORD – A leading retail development investor has spent millions on a 1.6 acre property off Surf Avenue, where Sunbelt Rentals is currently located. OK Stores, based in Bloomfield Hills, Michigan, paid $ 8 million for the property, located at 85 Mead St., less than half a mile from Exit 30 of I-95. That’s about […]

Industrial property

Staley Point and Bain Capital Real Estate Acquire Industrial Property in Seattle’s SODO District for $ 31.6 Million

LOS ANGELES, October 11, 2021 / PRNewswire / – Capital of Staley Point (“Pointe Staley“), a value-added investor focused on infill industrial properties, today announced the acquisition of 2424 8th Ave S. (8e Ave.), a 90,000 square foot warehouse in the Downtown South District (“SODO”) of Seattle, WA, for $ 31.6 million, or $ 351 […]

Industrial property

CenterPoint buys Pompano Beach industrial property for $10 million

Bob Chapman of CenterPoint Properties with the installation (CenterPoint) CenterPoint Properties has purchased a last-mile Pompano Beach distribution facility for $10 million, marking the company’s continued investment in South Florida’s booming industrial real estate market. The Oak Brook, Illinois-based company purchased the property at 1405 Southwest Eighth Street, records show. The sales entity is led […]

Industrial property

EKJ Wheeling and Thor Equities landed a 500,000 square foot industrial property last month

2750 W. 35th St, Chicago, IL; 2940 W. 36th St, Chicago, Illinois (LoopNet, NAI Hiffman) Two companies acquired a total of 500,000 square feet of industrial space in the Chicago area last month, which is already on track to surpass last year’s industrial sales volume. EKJ Wheeling LLC purchased a 310,000 square foot industrial property […]

Industrial property

LBA Realty pays $16.1 million for Goose Island industrial property

Perry Schonfeld of LBA and Property (Showcase, LinkedIn via Schonfeld) LBA Realty, a California-based investment firm, has paid $16.1 million for a building on Chicago’s Goose Island whose lease to a cloud manufacturing startup has marked the region. largest industrial lease in the first trimester. LBA purchased the one-story building at 1224 Hooker Street near […]

Industrial property

Pico Rivera industrial property sells for $63 million

8500 Mercury Ln. in Pico Rivera A 173,134 square foot industrial property in Pico Rivera has sold for $63 million. Chicago-based CenterPoint Properties purchased the property from owner-occupier in a sale-leaseback transaction. Jordan Lara, Rudy Lara and Nick Peukpiboon of Daum Commercial Real Estate represented CenterPoint Properties in the off-market sale. The property is located […]

Industrial property

Seagis pays $19 million for Doral industrial property

10100 Northwest 25th Street in Doral, Florida and Bradlee Lord of Seagis Property Group (Google Maps, Cornell) Seagis Property Group bought the Doral facilities from a logistics company for $19.4 million. AmCar Lamprecht sold the property at 10100 Northwest 25th Street, two years after buying it for $14 million, records show. The two-story, 105,984-square-foot facility […]

Industrial property

The packaging boom adds to the race for industrial property

Industrial real estate, including distribution centers and manufacturing plants, continues to be in strong demand across the United States, exemplified by the exceptionally low vacancy rate of 5.1% and record rents that have increased by 8.6% in the last year alone. Improving national economic and health conditions release pent-up consumer demand, fuel consumption and production […]

Industrial property

Staley Point Capital Acquires Placentia Industrial Property for $15 Million

LOS ANGELES, August 12, 2021 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on infill industrial properties, today announced the acquisition of 888 Crowther Ave, a 58,000 square foot industrial property in the North County submarket of Orange County, for $15 million ($259 per square foot). Built in 1998, 888 Crowther Ave […]

Industrial property

Pico Rivera’s industrial property sells for $57 million

7255 Rosemead Blvd. in Pico Rivera An industrial property in Pico Rivera has been acquired for $56.5 million by Cohen Asset Management Inc., a Century City-based real estate investment firm. Cohen Asset Management specializes in the industrial and logistics sector. The property is a fully leased logistics facility located at 7255 Rosemead Blvd. “We are […]

Industrial property

Berry Hill industrial property hits the market | Development

The Berry Hill property, long home to iconic spread and dip-making company, Ms. Grissom’s Salads Inc., has been put up for sale for an undisclosed asking price. With a main address of 2500 Bransford Avenue, the 3.25-acre property offers three industrial buildings and is owned by Ms. Grissom CEO Kenneth Funger. The structures offer a […]

Industrial property

SparrowHawk Real Estate Acquires 272,882 Square Foot Industrial Property in Kansas

After entering the Kansas City market over 90 days ago, Sparrowhawk Real Estate acquired another building, the newly completed first building in the Heartland Logistics Park in Shawnee, Kansas. Financial terms of the transaction were not disclosed. John Stafford, executive vice president, and Ed Elder, president of Colliers represented the seller and developer of the […]

Industrial property

Staley Point Capital acquires industrial property of Chatsworth for $9 million

LOS ANGELES, July 22, 2021 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on industrial properties in Southern California, today announced the acquisition of Prairie, a 42,000 square foot, fully leased, infill industrial property located in the submarket of West San Fernando Valley, in North LA, for $9 million ($214 per square […]

Industrial property

Industrial Property Plunges in East Tennessee

Jay Cobble | Guest columnist “Be the first,” says real estate agent Laura Slyman when buying a home Realtor Laura Slyman of Slyman Real Estate says to be first and be quick when bidding on a home in a competitive real estate market. Knoxville News Sentinel A young commercial real estate broker’s dream is a […]

Industrial property

BTB announces the acquisition of an industrial property located in Saint-Laurent, Montreal

Kore Outdoor Inc is a conglomeration of some of the most important brands in the paintball industry, spread over eleven locations, in four countries. Producing billions of paintballs each year, they are known for their popular brands such as: Tippmann, Empire, Spyder, Vforce, JT and GI Sportz to name a few. Located in Montreal, Kore […]

Industrial property

Gladstone Commercial Corporation Executes $10 Million Lease Renewal on Industrial Property in Monroe, Michigan :: Gladstone Commercial Corporation (BON)

MCLEAN, Va./ACCESSWIRE/June 24, 2021/ Gladstone Commercial Corporation (NASDAQ:GOOD) (“Gladstone Commercial”) today announced that it has signed a lease renewal with Yanfeng US Automotive Interior Systems LLC (“Yanfeng”) through August 31, 2029 at its industrial property at 1833 Frenchtown Center Drive in Monroe, Michigan, a suburb of Detroit. This lease […]

Industrial property

Industrial property managers will benefit from sustainable development

“Inclusive and sustainable development.” That’s how Alberto Rincon, Director of Community Planning for The Invert in Chicago, describes the future of the industrial real estate sector as embodied in this proposed, ultra-green development. From vertical farming to light manufacturing, The Invert, at six million net square feet – all underground – could set the benchmark […]

Industrial property

Santa Fe Springs industrial property acquired for $14 million

10907 Painter Ave. in Santa Fe Springs A joint venture of Sawtelle-based Staley Point Capital and Boston-based Bain Capital Real Estate has purchased an industrial property in Santa Fe Springs for $14.3 million. The 58,000 square foot site at 10907 Painter Ave. has eight dock-height loading bays and is located 20 miles from the Port […]

Industrial property

Exeter buys Miami Gardens industrial property for $14 million

Edward “Ward” Fitzgerald, CEO of Exeter Property Group, and the Miami Gardens property. (Google Maps, Exeter) Exeter Property Group has purchased an industrial building in Miami Gardens occupied by RC Home Showcase for $13.5 million. The Conshohocken, Pa.-based commercial real estate investor, developer and manager purchased the property at 16115 Northwest 52nd Avenue from K2 […]

Industrial property

Avison Young negotiates sale of industrial property in Niles

Avison Young negotiated the sale of a 149,474 square foot industrial building in the Chicago market. The property, which is fully leased to Fort Dearborn Company, is located at 6035 Gross Point Road in Niles, Illinois. Avison Young Principals Erik Foster and Mike Wilson, who are both members of the firm’s National Industrial Capital Markets […]