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 […]
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 […]
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 […]
Mission Valley-based HG Fenton Company, which oversees more than 3,500 apartments in the San Diego area, recently won several accolades related to this business. Nine of its rental communities have received the 2021 Top Rated Community Awards from ApartmentRatings, an El Segundo company. Honored communities include Bella Del Mar Apartments, BLVD North Park, Club River […]
North Palisade Partners is on a buying spree after adding a third industrial and self-storage development in Southern California to its portfolio in the past 60 days. In its latest move, the company announced it had acquired an 11-acre site in Pomona, eastern Los Angeles County, for $43.5 million. It is located at 2000 Boulevard […]
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 […]
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 […]
NAI Legacy Acquires 80,000 Square Foot Industrial Facility Acquisition for DST Placement Minneapolis, MN – NAI Legacy and its affiliates are pleased to announce the acquisition of the ±80,000 square foot industrial property for JonnyPops’ new corporate headquarters. The new facility, what they call the “Plant for the Future” project, is located ±30 miles outside […]
Kansas City-based commercial real estate company Chasing the Midwest recently completed the sale of Blankenbaker Logistics Center, a 322,831 square foot industrial transhipment project, in Louisville, Kentucky, for $43 million. The buyer was Bixby Land Company, a private REIT based in Newport Beach, Calif. Piston Automotive signed a full construction lease prior to construction completion. […]
ELK RIVER, MN, USA, March 4, 2022 /EINPresswire.com/ — Contact information: INA’s legacy Amelia Bjorklund investment analyst 3600 American Boulevard West Suite 360 Bloomington, Minnesota 55431 (952) 491-3069 [email protected] NAI Legacy Acquires 80,000 Square Foot Industrial Facility Acquisition for DST Placement Minneapolis, MN – NAI Legacy and its affiliates are pleased to announce the acquisition […]
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 […]
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 […]
The luxury fashion brand is moving to the Plaza District of Manhattan. 550 Madison Ave. before the overhaul The Olayan Group signed a 71,757 square foot lease with a French luxury design house Hermes in the iconic building at 550 Madison Ave. in the Plaza area of Midtown Manhattan. The world-renowned fashion brand will relocate […]
PropertyShark has compiled the best deals in town for the area. Source: PropertyShark, a company of Yardi Systems Inc. PropertyShark has compiled the best deals of the month in New York for the sector. 50-35 56th Road, QueensSelling price: $132,000,000 Realterm Logistics has acquired the last mile warehouse totaling 140,000 square feet in the Maspeth […]
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 […]
Waverleygate office building, Edinburgh, UK Image courtesy of Kennedy Wilson and Fairfax Financial Holdings Ltd. Global real estate investment firm Kennedy Wilson and Fairfax Financial Holdings Ltd. expand their longstanding relationship with Fairfax by agreeing to make a $300 million strategic preferred stock investment in Kennedy Wilson. Kennedy Wilson, a Beverly Hills, Calif.-based company, plans […]
Daniela Alvarado As the COVID-19 pandemic continues to be a fact of office life, businesses across all industries are considering the benefits of locating office space in urban centers versus suburban areas. For some sectors, cities continue to be an attractive place to locate offices. Others enjoy the benefits of space and shorter travel distances […]
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 […]
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. […]
Encinitas CA— Stos partnersone of Southern California’s most active commercial real estate investment and management firms, acquired a two-tenant, 35,000 square foot industrial property in the Los Angeles County submarket in Signal Hill, California. The company’s first purchase of 2022 follows a record year in which Stos Partners negotiated more than $330 million of commercial […]
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 […]
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 […]
Major retailers, entertainment giants and expanding law firms are among a slew of companies that have announced high-profile commercial real estate deals in the North West in recent weeks. Companies like Sports Direct, Vue, Castore and a major government department have all announced that they have taken a prominent place in the region. LEARN MORE: […]
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 […]
Milwaukee-based Borgman Capital expanded its real estate portfolio this week to include four properties. The private equity firm acquired a property located at 7711 N. 81st St. in Milwaukee. The 170,000 square foot industrial warehouse was… Based in Milwaukee Capital Borgman expanded their property portfolio this week to include four properties. The private equity firm […]
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 […]
LCP, a national commercial property and investment company, has acquired a shopping center in Bingley. The 5Rise mall, acquired for an undisclosed amount, has 18 retail units over 62,094 square feet. It is anchored by a 17,000 square foot cooperative supermarket with other retailers including Poundland, Home Bargains, Costa, Greggs, Timpsons and Card Factory. Other […]
Representing the wishes of the La Jolla Community Planning Association and a handful of residents of the La Jolla Country Club neighborhood, opponents of a residential development project won an appeal of the city of San Diego’s findings that the project would have no significant environmental impact. Land-use attorney Julie Hamilton and La Jolla architect […]
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 […]
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 […]
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 […]
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 […]
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 […]
The company has been based in Northwest Dallas for 30 years. Coppell shopping center. Image courtesy of Cushman & Wakefield After three decades in Northwest Dallas, the entertainment and restaurant chain At Dave and Buster’s will leave its current headquarters and move to a new office in Coppell, Texas. The company signed a 67,200 square […]
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 […]
Burton-based commercial estate agents, Rushton Hickman, have sold a two-storey, 11,769 square foot office building on behalf of a private investment client to local businessman and optometrist, Raheel Fayyaz. The Derby Turn Building is located along Derby Road, Burton, and is a partially let investment. Fayyaz intends to convert the unoccupied space into two-bed residential […]
North River Paradigm. Image courtesy of Rockefeller Group and Jordon Perlmutter & Co. Construction is set to begin later this month on Paradigm River North, an eight-story, 200,000-square-foot mixed-use office building in Denver’s River North Art District. Also known as 3400 Walnut St., the project is being developed by a joint venture of Jordan Perlmutter […]
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 […]
2852 Witherspoon Drive. Image courtesy of CBRE LA North Studiosa sound stage and film production studio, signed a 70,550 square foot lease with landlords desert orchard and Golden Westminster Investments for a building in Santa Clarita, California. A CBRE team including Executive Vice President Craig Peters and Senior Vice President Sam Glendon arranged the transaction. […]
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company (TCC), and JV partner PGIM Real Estate opened Raintree Multifamily, a 192-unit residential community in Scottsdale, Arizona. The new development, scheduled for completion in 2023, is located adjacent to TCC and PGIM’s 175,000 square foot Axis Raintree office building, which was completed in January […]
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 […]
Jonathon Yormak, Founder, Managing Director, East End Capital; and map of 48-02 48th Avenue in Sunnyside Queens (East End Capital, Google Maps) East End Capital has reportedly taken a bite out of Queens’ bustling industrial market, acquiring a refurbished industrial property in Sunnyside. The company paid $41.7 million for the warehouse at 48-02 48th Avenue, […]
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HUNTSVILLE, Ala. (WAFF) – With the release of the 2021 Huntsville Development Review on Wednesday, the City of Huntsville’s Long Range Planning Division announced continued growth in the city. The Huntsville Development Review is an annual compilation of construction and real estate data published by the City of Huntsville. This data allows city officials to […]
CUMBERLAND, RI – Marcus & Millichap announced the sale of 1 Ann and Hope Way, a 479,000 square foot industrial property located in Cumberland, RI. The asset sold for $3,500,000. Harrison Klein, Laurie Ann (LA) Drinkwater, CCIM and Seth J. Richard, investment specialists in Marcus & Millichap’s offices in Boston and Manhattan, had the exclusive […]
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 – […]
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 […]
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 […]
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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 […]
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 […]
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. […]
MIAMI, Fla., January 19, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, today announced the sale of Little River, a 47,654 square foot industrial property located in Miami, Florida. According to Ryan Nee, senior vice president and district manager of […]
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 […]
4919, avenue de la Construction – OFFICEThis is a large commercial office space available on approximately 1.71± acres at Monroe’s commercial district/industrial park. The building offers ample office space, an entrance hall, a reception, 2 private bathrooms and a lounge/kitchen. The property also has approximately 0.38 acres of concrete parking and provides approximately 360 feet […]
LOS ANGELES, January 18, 2022 /PRNewswire/ — Staley Point Capital (“Staley Point“), a value-added investor focused on infill industrial properties, today announced the off-market acquisition of 12065 Pike St, a 159,964 square foot infill industrial asset at Santa Fe Springs, California, for $35 million. The transaction, which represents a purchase price of $219 per square […]
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, […]
The Berea Industrial Development Authority (BIDA) on Monday reached a land deal meant to bring a new employer and more jobs to the town. After the sale, Berea Mayor Bruce Fraley, who is also chairman of the Berea Industrial Authority, announced the sale of the 10.8-acre parcel not far from Farristown Middle School. “This parcel […]
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 […]
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. […]
GREAT NECK, NY, January 11, 2022 (GLOBE NEWSWIRE) – One Liberty Properties, Inc. (NYSE: OLP), owner and manager of a predominantly industrial portfolio as well as other geographically diversified net leased assets, announced today ‘ hui that it acquired a 53,000 square foot industrial building in Fort Myers, Florida for $ 8.1 million. The property […]
300 Riverpark Drive North Reading, MA – Cushman & Wakefield announced that the real estate services company has arranged the sale of 300 Riverpark Drive, a 228,921 square foot industrial and R&D property located in North Reading, Massachusetts. The final sale price was $82,550,000. Dave Pergola, Brian Doherty and Pete Rogers of Cushman & Wakefield […]
Chennai, the capital of Tamil Nadu, attracts thousands of people due to its booming computer industry. An automotive hub dubbed the Eastern Strait, Chennai is also known as the cinema capital of South India and is renowned for its innate passion for music and the fine arts. While the towering colorful temple gopurams are a […]
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 […]
Figures for the 2022 BC assessment were released earlier this week, with Abbotsford properties increasing significantly. The value of a single-family home has increased by 38 percent, while a stratum (condo / townhouse) home has increased by 21 percent. The typical estimated value of a stratum home now sits at $ 412,000, while a single-family […]
[vc_row][vc_column][vc_column_text]New York-based Devli Real Estate has added a 6-acre site in the Meadowlands to its growing Garden State portfolio, according to a Dec. 29 announcement. Devli purchased the 175,000 square foot property located at 2 Carlton Ave. in East Rutherford for an undisclosed amount on a short-term sale-leaseback, meaning the sellers will continue to use […]
A worker fills orders at a Gorillas ‘dark store’ in London’s trendy Shoreditch on May 20, 2021. Hollie Adams | Bloomberg | Getty Images LONDON – A battle for space fueling the super-fast grocery delivery boom is pushing up rents in parts of London’s commercial property sector. Companies like Getir, Gorillas and Zapp, which promise […]
225 Wildwood Ave, Woburn Woburn, Massachusetts— CBRE announced that it has arranged the sale of a 66,225 square foot industrial property located at 225 Wildwood Avenue in Woburn, Massachusetts. Based in San Francisco Berkeley Partners acquired the asset for $18 million. The CBRE team of Scott Drago, Chris Skeffington, Doug Jacoby, Anthony Hayes, Roy Sandman, […]
Forte Capital, led by Chaim Cahane, and Sheridan Capital acquired 2830 NW Fifth Ave. to Wynwood from Alex Karakhanian’s LNDMRK development for $6.35 million. The buyers plan to reposition the existing 14,000 square foot building at 2830 NW Fifth Ave. in creative offices. DWNTWN Realty Advisors co-founders and managing partners, Tony Arellano and Devlin Marinoff, […]
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 […]
WINCHESTER – Washington, DC-based real estate firm Ritz Banc Group has purchased industrial property at 310 Tyson Drive in Winchester. The 244,500 square foot property was sold by InterChange Group Inc. to Ritz Banc Group for $12.2 million. Threshold Enterprises, a distributor of fine, natural, nutritional and specialty products, currently operates at the site. Christopher […]
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 […]
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, […]
An industrial property in Islandia has been sold for $19.35 million. BCD Acquisitions LLC, an entity registered with the Denver-based Black Creek Group, purchased the 106,874 square foot building on 5.87 acres at 40 Enter Lane. The property is leased to Best Buy, which uses it for its last mile logistics and warehousing and distribution […]
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 […]
Commercial property rental experts Commercial Property Partners (CPP) have secured a major rental at Ashroyd Business Park, Barnsley. CPP has accepted a lease at Ashroyd 52, a 52,871 square foot speculative new build, on behalf of commercial real estate specialists, 4th Industrial. The self-contained unit offers 2,551 square feet of first floor office space, a […]
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 […]
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 […]
Faropoint today announced the purchase of a 46,000 square foot, 1.60 acre industrial facility located at 250 Washtenaw Avenue in Chicago, IL. Sean Austin and Lee & Associates represented the buyer and seller in the transaction, which closed on November 23, 2021. “250 Washtenaw is Faropoint’s first acquisition within the city of Chicago and a […]
Businesses are scrambling to snap up industrial property in North Staffordshire as soon as it hits the market due to a nationwide shortage of warehousing, according to agents at Harris Lamb. While there has been a widespread shortage of industrial property for several years, the Covid-19 pandemic has compounded the problem. Agents say demand has […]
Construction begins at the Westport Commerce Center, on land protected by the Howard Bend Levee District, just east of the Missouri River in Maryland Heights. The area, shown on Wednesday, will be the first Class A industrial park to be built in Maryland Heights in three decades, said David Branding, general manager of commercial real […]
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Sales Stag Industrial purchased D / FW North Logistics Center, a two-building, 202,140 square foot logistics center located at 2400 and 2402 Esters Blvd. at Grapevine, a subsidiary of Olympus Ventures. Randy Baird, Jonathan Bryan, Ryan Thornton and Eliza Bachhuber of the CBRE Group negotiated the sale of the industrial buildings. Partnership directed by Katzir […]
Hanover, Maryland-based Chesapeake Real Estate Group (CREG) has a contract on the former Kaydon Ring & Seal facility at 1400 Bush Street in the Carroll-Camden industrial estate. CREG plans to demolish the existing buildings on the 21-acre property and develop a new industrial / logistics facility. Kaydon closed its Baltimore plant in 2017 and moved […]
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 […]
Courtesy photo STAFF REPORTTHE BUZZ NATOMAS | @natomasbuzz GPR Ventures announced today that it has purchased an 84,537 square foot industrial property at the corner of Del Paso Road and Northgate Boulevard in Natomas. The locations at 4700, 4720 and 4740 Northgate Boulevard include both warehouse and office space and are already 98% leased to […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
CBRE announced that Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Travis Langer and Zach McHale of CBRE’s Institutional Properties group represented AVR Realty in the $15.6 million sale of 800 Corporate Drive in Mahwah, New Jersey. . 800 Corporate Drive is fully leased to Nobel Biocare and serves as a high precision light assembly […]
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 […]
One person’s vacant parking lot next to the freeway is another person’s real estate score, as a $21 million property sale in Adams County shows. IG Logistics bought the Lipan Street industrial park for that sum earlier this summer, according to Cushman & Wakefield, the property firm that worked with the buyer. The approximately 34-acre […]
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 […]
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 […]
Faropoint announced the purchase of a 64,002 square foot, 3.1 acre industrial facility located at 3325 Mount Prospect Road, Franklin Park, IL. Tyler Ziebel, Steven Disse and Jeffery Devine of Colliers represented the seller in the transaction, which closed on July 15, 2021. Faropoint was not represented in this transaction. “This project is our second […]
Sanchez seeks to ratchet up the pressure on owners of empty sites FREMONT — Economic development is a never-ending challenge, whether it’s filling empty buildings with businesses or finding the right piece of land that could support a new industrial park. When it comes to vacant commercial and industrial buildings in the city, the goal […]
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 […]
Based in Dallas Capital of Preston Forrest redirects its focus from commercial real estate to industrial. The company purchased a 518,700 square foot industrial property at 1400 W. FM 1417 from Sherman for an undisclosed price. The property sits on 70 acres and is located 40 miles north of Dallas-Fort Worth, west from U.S Highway […]
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 […]
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 […]
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 […]
COVID-19 and Work: 3 Lasting Changes Employees May See in the Office Here are three big changes employees can expect when they return to work after the COVID-19 pandemic. Staff Video, USA TODAY Industrial lease rates are up 63%. Since the year 2000. Forgive the quasi-tease. Warehousing-distribution is not the least square meter in terms […]
“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 […]
BY MARIA BASILEO | BRISTOL HERALD MAIL BRISTOL, Tennessee — Fifteen years after a Thanksgiving Day fire razed a 110,000 square foot factory on the corner of Georgia Avenue and Oakwood Street in Bristol, Tennessee, a local developer plans to redevelop the vacant lot as a duplex single storey residential. “There’s such a need to […]
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 […]
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 […]
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 […]
HP Alliance Founders Richard Previdi and Clay Hamlin III with 7233 Seacrest Boulevard, Lake Worth (Alliance) UPDATE, February 26, 5:40 p.m.: Alliance bought a warehouse on nearly 16 acres of industrial land in Lake Worth for $17 million. Alliance 7233 Seacrest LLC purchased two properties at 7233 Seacrest Boulevard and 7109 Seacrest Boulevard at 7233 […]