Continuing its strategy of buying industrial properties in key markets, Black Creek Group has acquired a logistics asset in Salt Lake City.
The company purchased Legacy Logistics Center Building II, a 383,000-square-foot property that’s fully leased to an e-commerce provider.
Shorewood Real Estate Group has sold The Assemblage NoMad, a 48,000-square-foot office building in Manhattan.
As part of the deal, the buyer assumed a $35 million loan Arbor Realty Trust had provided in 2018.
Rockpoint Group has completed equity raises for two investment vehicles, securing an aggregate $5.8 billion.
Rockpoint Real Estate Fund VI and Rockpoint Growth and Income Real Estate Fund III completed their final closes, with contributions from investors of $3.8 billion and $2 billion, respectively.
Originally constructed as a warehouse in 1930, the property was converted to office space in 2017.
The buyer of the 125,000-square-foot office building assumed the outstanding balance of a mortgage from LoanCore.
The New York-based REIT that owns the famed Empire State Building is changing up its leadership.
Current CEO & Chairman Anthony Malkin, the grandson of the company’s founder, will replace John Kessler.
🏆 We have decided to keep our early-bird prices for the whole submission process!
Explore our 2020 categories below and sign up until July 1st.
We're accepting submissions for our annual awards program honoring the best in the industry. We have decided to keep our early-bird prices for the whole submission process, and the deadline has been extended to July 1st.
In the interview below, Ariel Bentata, founding & managing partner of investments at Accesso Partners, provides insights into the future of office spaces and unveils the company’s approach to operating office buildings as the economy reopens.
#CPETalks
Accesso Partners’ Ariel Bentata talks about the short-term and permanent changes the global health crisis might inflict upon offices.
Goosehead Insurance has extended and expanded its corporate headquarters lease at GlenStar Properties’ 1.1 million-square-foot Terraces at Solana in Westlake, Texas.
Goosehead Insurance renewed and expanded its headquarter's footprint at the more than 1 million-square-foot property.
Hines has become the latest real estate heavyweight to venture into the life sciences market.
The developer has teamed up with 2ML Real Estate Interests to build the mixed-use project adjacent to the Texas Medical Center.
Development activity is concentrated in tech-centric submarkets such as the SR-520 Corridor and Denny Triangle. A third of these projects will be owner-occupied, while two-thirds have already been preleased.
#YardiMatrix
The metro’s office pipeline encompasses more than 14.2 million square feet, with half of it slated for delivery this year, according to Yardi Matrix.
RXR Realty has landed two new health-care tenants to occupy a total of approximately 30,000 square feet at two of its Manhattan office towers.
The trophy-office landlord completed leases totaling 30,000 square feet with Tempus Labs and Essex Woodland Healthcare Partners.
CBRE’s Devin White, David Albert, and Andrew Fernandez were tasked with leasing North Doral Park, which was designed with smaller-size tenants in mind.
Working on behalf of Everwest Real Estate and its partner, the leasing team is looking to fill an upcoming property in Doral, Fla., that offers 13,500-square-foot floorplates for smaller tenants.
Founder Jeff Axley shares the specifics of purchasing a nine-building medical office portfolio in Dallas-Fort Worth amid job losses and an economic slowdown.
#CPETalks
Founder Jeff Axley shares the specifics of purchasing a nine-building medical office portfolio in Dallas-Fort Worth amid job losses and an economic slowdown.
Even as uncertainty grows, speculative projects are still leasing up and work carries on, particularly in the Midtown submarket, which is home to 40 percent of all ongoing office development activity.
#CPETopOfTheList
Yardi Matrix shows that development in a single submarket accounts for some 40 percent of the metro’s construction activity.
The properties, located in Anne Arundel and Howard counties, add up to roughly 340,000 square feet and are fully leased to 10 tenants.
The industrial portfolio is fully leased to 10 tenants and spans 340,000 square feet in two counties.
Saunders Hotel Group 's Gary Saunders and The Noannet Group's Jordan Warshaw explain how the coronavirus outbreak has impacted the development of the 33-story Raffles Hotel & Residences in Boston.
#CPETalks
The Saunders Hotel Group's Gary Saunders and The Noannet Group's Jordan Warshaw explain how the coronavirus outbreak has impacted the development of the 33-story Raffles Hotel & Residences in Boston.
The 850,000-square-foot Arrivals and Departure Hall, also known as the Headhouse, at LaGuardia’s $5 billion Terminal B redevelopment project has reached completion.
The 850,000-square-foot Arrivals and Departure Hall, also known as the Headhouse, will serve as the terminal's new main entrance.
What are some of the most pressing challenges businesses are facing on the path to recovery? Phil Marra, national real estate funds leader of KPMG U.S.'s Building Construction & Real Estate practice, responds in the interview below. #CPETalks
KPMG’s Phil Marra takes stock of the pandemic’s widespread impact and explains the role of data and analytics in the recovery ahead.
Mohr Capital has broken ground on a 1 million-square-foot warehouse and distribution facility for Cooper Tires in Whiteland, Ind.
The $50 million-plus warehouse/distribution center the company is building for Cooper Tires is slated to become operational by the first quarter of next year.
Ernst & Young has renewed its lease at its office campus in Stamford, Conn.
The company will continue to operate out of 35,661 square feet within Empire State Realty Trust’s nearly 800,000-square-foot property in Stamford.
Three investment companies have teamed up to purchase a hotel in Nashville, Tenn., amidst the current market conditions caused by the COVID-19 pandemic.
The company has teamed up with BentallGreenOak and Flank Management to purchase the 250-key Hutton Hotel in the city’s Midtown area.
90 North purchased the Cincinnati-area office complex from a local developer.
London's 90 North Real Estate Partners joined forces with Kuwait-based Rasameel Investment Co. on the purchase of Ensemble Health Partners' net-leased headquarters in Blue Ash, Ohio.
Simon Property Group has terminated a $3.6 billion merger agreement with rival Taubman Centers Inc., citing the impact of the pandemic on Taubman and claiming the REIT had breached its obligations under the deal.
The nation's largest retail owner cited the impact of the pandemic on Taubman Centers and claimed the REIT breached its agreement.
NAIOP has issued a guide to help building owners and employers ensure a safe return of staff to their workplaces.
#CPEResearchCenter #coronavirus
NAIOP has issued a guide to help building owners and employers ensure a safe return of staff to their workplaces.
The project began construction in 2018 and was developed on the approximately 25-acre former site of the ITT campus.
The nine-building Shea Business Center began construction in 2018 on a roughly 25-acre site.
JLL assisted the borrower in securing the financing package.
JLL secured the fixed-rate financing for Cohen Asset Management's 181,050-square-foot property, retiring an acquisition loan from 2015.
As businesses nationwide pursue phased reopening, a key issue for commercial real estate owners and managers is how to safely resume the use of office space.
Best practices for safely resuming office occupancy have far-reaching implications for new leases and renewals.
🏆 We're accepting submissions for our annual awards program honoring the best in the industry.
❗ We have decided to keep our early-bird prices for the whole submission process, and the deadline has been extended to July 1st.
We're accepting submissions for our annual awards program honoring the best in the industry. We have decided to keep our early-bird prices for the whole submission process, and the deadline has been extended to July 1st.
Kevin Heiss, the company’s Toronto-based managing director, arranged a 10-year loan at a competitive interest rate with one of Largo’s 21 correspondent lenders on behalf of the unidentified borrower.
The 10-year permanent financing is for a multi-state portfolio of grocery-anchored retail centers.
Respondents to the SIORglobal' Snapshot Sentiment Survey show growing optimism about the health of commercial real estate markets.
Respondents to the Society of Industrial and Office Realtors' Snapshot Sentiment Survey show growing optimism about the health of commercial real estate markets.
At NAREIT's virtual REITWeek conference, real estate leaders discussed the impact of the pandemic on operations and offered insights on sustained reopening strategies.
At NAREIT's virtual REITWeek conference, real estate leaders discussed the impact of the pandemic on operations and offered insights on sustained reopening strategies.
#CPETalks | In an interview with Commercial Property Executive, MJ Munsell, chief creative officer at MG2, and Melissa Gonzalez, principal at MG2 & CEO of The Lionesque Group, talk about why retail design matters during these challenging times and how customer needs will change in the post-pandemic world.
MG2’s Melissa Gonzalez and MJ Munsell dwell on how design might come to retail’s rescue during these challenging times and specify the post-pandemic consumer types to consider.
Admiral Capital Group landed $41.3 million in refinancing loans, part of which will go towards reopening its two office buildings in Phoenix and San Diego.
The private equity firm will apply some of the proceeds to preparing the Class A buildings in Phoenix and San Diego for safe reopening.
Working on behalf of institutional investors, Barings has acquired four logistics assets in Norrköping, Sweden, a major logistics hub, for about $104 million (€92 million) in a sale-leaseback transaction.
The $104 million sale-leaseback expands the company’s European logistics holdings by four buildings and 1.3 million square feet.
JLL Capital Markets marketed the portfolio on behalf of Investcorp.
JLL Capital Markets marketed the collection of assets in high barrier-to-entry Chicago submarkets on behalf of the seller.
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An emergency management expert lays out what to do during the current outbreak, what to avoid and how to prepare for the next event.
VIDEO: Flexible office is becoming a core feature of the real estate market as tenants raise their expectations and landlords respond.
VIDEO: Buildings these days feature more than attention to sustainable construction and practices meant to help save the planet, they commit to factors that greatly improve people’s health and comfort, such as ample daylight and better indoor air quality.
VIDEO: Catch up on our most read stories, interviews and rankings for last month.
Catch up on our most read stories and interviews for last month.
Watch the video to find out what you should expect from key CRE sectors in the year ahead.
📹Preferences are shifting, according to Jennifer Mejia, director with Gensler, who sat down with CPE at the NAREE Real Estate Journalism Conference to outline some of the most significant findings of the architecture and design giant’s most recent U.S. Workplace Survey.
📹Watch the video for a sneak peek into Atlanta's office market. 📊You can find the full report here: https://www.cpexecutive.com/post/atlanta-office-report-spring-2019/
Counselors of Real Estate chair Julie Melander takes a more intensive look into the key issues impacting the commercial real estate industry this year. She examines the issues with the greatest surprise factor and the biggest impact—and offers advice to prepare for what’s to come.
CPE’s newest set of Stars to Watch surpass expectations, differentiating themselves and carving niches in areas ranging from senior housing to net lease to investment through crowdfunding in markets stretching from Los Angeles to Chicago to Birmingham, Ala. Watch the video ⤵️ and find the ebook here: 📌https://www.cpexecutive.com/post/cpe-presents-the-2019-stars-to-watch/
The June Digital Issue of CPE Is Now Available! Watch our teaser and click on the link to find articles that you're interested in:https://www.cpexecutive.com/post/the-june-digital-issue-of-cpe-is-now-available-3/ ⬇️
Executive Managing Director Alan Weisman of Lee & Associates provides insight into New York City's industrial warehouse market, revealing the changes the industry has faced during the past few decades.
This list showcases the top executives of 2018, who have been singled out by peers, clients and employees for outstanding performances that have resulted in historic developments, landmark deals and record-breaking transactions. Watch the video to see the winners:
James Segil, president & co-founder of OpenPath Security, reveals the reason why mobile access tech is the next generation of security and workplace automation
Now you can get trend and strategy insights two different ways: Leaf through the Commercial Property Executive digital digest for a quick read or click on individual articles below for an in-depth look at the topics that most interest you.
CPE sat down for a live chat with Amanda Bogner, president and founder of Omaha-based Energy Studio and recipient of the 2018 CREW Impact Entreprenurial Spirit Award, at CREW's annual convention in San Diego.
CPE is live with Amanda Bogner, president and founder of Energy Studio and CREW Impact award winner in San Diego at the 2018 CREW Convention and Marketplace
Cushman & Wakefield Americas Head of Research Revathi Greenwood sits down with CPE Editorial Director Suzann Silverman to offer insights into the 2020 outlook she presented at the National Association of Real Estate Editors annual real estate journalism conference in Las Vegas.
Counselors of Real Estate Chair Joseph Nahas Jr. sat down with CPE to evaluate the top issues impacting the real estate sector, both currently and in the long term, during the National Association of Real Estate Editors real estate journalism conference in Las Vegas in mid-June.
Now you can get trend and strategy insights. Read the April digital issue of Commercial Property Executive! Find it here: https://www.cpexecutive.com/digital-magazine-archive/
Join Latch on this @Multi-Housing News webinar to learn how smart access systems can deliver benefits beyond security and convenience.
Now you can get trend and strategy insights. Read the April digital issue of Commercial Property Executive! Find it here: https://www.cpexecutive.com/digital-magazine-archive/
Blackstone and Equity Office are bringing the former Sears Tower into the 21st century with a mega-makeover that will turn the iconic office building into a modern workspace with leisure amenities, technology and experiential dining. Read the full story: https://www.cpexecutive.com/post/first-look-at-the-500m-willis-tower-redevelopment/
Now you can get trend and strategy insights. Read the April digital issue of Commercial Property Executive! Find it here: https://www.cpexecutive.com/digital-magazine-archive/
CPE's Stars To Watch 2018 Ten of the industry’s top young professionals who are achieving success while making a difference for their companies.
We're live at Resource Furniture for #CPEMHN17
We're live at Resource Furniture for #CPEMHN17
Getting ready for the big CPE-MHN awards party!
Economic Symposium at #NAREE16
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