Commercial Property Executive

Commercial Property Executive Commercial Property Executive is the leading integrated resource for executives and companies that own, invest in, develop, lease, and/or manage commercial real estate.

Continuing its strategy of buying industrial properties in key markets, Black Creek Group has acquired a logistics asset...
06/18/2020
Black Creek Acquires Salt Lake City Industrial Asset

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.
06/18/2020
Manhattan Coworking Building Changes Hands

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.
06/17/2020
Rockpoint Group Raises $5.8B in Opportunistic Funds

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.

The New York-based REIT that owns the famed Empire State Building is changing up its leadership.
06/17/2020
Empire State Realty Trust President Steps Down

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 ...
06/17/2020
Now Accepting Submissions to the 2020 CPE Distinguished Achievement Awards

🏆 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...
06/16/2020
What’s Next for the Office Sector?

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-squar...
06/16/2020
GlenStar Inks 150 KSF Lease at Dallas-Area Office Campus

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.
06/16/2020
Hines Plans 52-Acre Life Sciences Hub in Houston

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 ...
06/16/2020
Top 10 Office Projects Underway in Seattle

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 Ma...
06/15/2020
RXR Realty Signs 2 New Health-Care Tenants in NYC

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 wit...
06/15/2020
JV Taps CBRE to Lease Miami-Area Industrial Park

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...
06/15/2020
Inside Ridgeline’s Mid-Pandemic MOB Deal

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 su...
06/15/2020
Top 10 Office Projects Underway in Atlanta

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 ...
06/12/2020
Terreno Trades 3 in Maryland for $51M

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 im...
06/12/2020
Building a $400M Hotel During a Pandemic: Q&A With the Team

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 r...
06/12/2020
Skanska Unveils Centerpiece of LaGuardia’s $5B Terminal Project

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 e...
06/11/2020
Looking Ahead: What’s in Store for CRE?

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 Whitel...
06/11/2020
Mohr Capital Breaks Ground on 1 MSF Facility in Indianapolis

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.
06/11/2020
Ernst & Young Renews Connecticut Office Campus Lease

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 ...
06/11/2020
Geolo Capital JV Acquires Nashville Hotel

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.
06/11/2020
Cross-Border Buyers Acquire 400 KSF Cincinnati Office Campus

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 o...
06/10/2020
Simon Property Scraps $3.6B Taubman Merger

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.#CPERes...
06/10/2020
Office Reopening Best Practices From NAIOP

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.

JLL assisted the borrower in securing the financing package.
06/10/2020
Suburban Dallas Industrial Park Gets $10M Refi

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 s...
06/10/2020
How Safe Office Reopening Strategies Are Reshaping Leases

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 ...
06/10/2020
Now Accepting Submissions to the 2020 CPE Distinguished Achievement Awards

🏆 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 ...
06/09/2020
Largo Group Arranges $83M Funding for Retail Portfolio

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 estat...
06/09/2020
SIOR: CRE Market Confidence Slightly Higher

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 offe...
06/09/2020
CRE’s Cautious Road to Recovery

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 G...
06/09/2020
Retail Design: How to Approach a Shifting Consumer Mindset

#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 ...
06/09/2020
Admiral Capital Secures $41M Refi for 2 Office Assets

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 ...
06/09/2020
Barings Grows Swedish Logistics Portfolio

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.
06/05/2020
Lineage Logistics Acquires Cold Storage Portfolio

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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