Consumer products company Newell Brands Inc. has announced plans to move its headquarters back to Atlanta. The company previously moved its headquarters out of Atlanta to New Jersey in 2016. Three of the company’s seven operating divisions — Writing, Baby and Food — are based in Atlanta, and Newell counts about 1,000 employees in the …
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The Greater Phoenix area continues leading the country in job creation. And, according to reports from brokerages throughout the region, that job creation means more office space leased in Q2 2020. Colliers International, speaking to absorption, pointed out that “employers continue to add workers at a very active pace, fueling tenant demand for office space …
Cambridge Systematics Inc. leased 3,831 square feet of office space at Centennial Towers, 505 E. Huntland Dr. The landlord was represented by Jason Steinberg, Matt Levin, and Stephen Pannes with ECR, and the tenant was represented by Lexie Hall with Cushman & Wakefield. Domino’s Pizza leased 1,715 square feet at Balcones Woods Shopping Center, 11150 …
RSE Capital Partners and Carter Multifamily have acquired an 11-property multifamily portfolio in Georgia for $203 million. The 1,966-unit portfolio includes apartment communities in Savannah, Macon, Augusta, and Atlanta. The seller was not disclosed. RSE and Carter plan to reposition several of the properties through a series of capital improvements that include upgrades to unit …
Buffalo Wild Wings restaurants are known for, well, chicken wings. Meanwhile, Top Golf, headquartered in Addison, TX, has carved its niche as an interactive golf destination entertainment center — with a focus on golf. Now the two could blend into one, as a Plano, TX company proposed BWW Sports Experience powered by Topgolf to Dallas-Fort …
VIA Metropolitan Transit is moving forward on plans to develop mixed-use projects near two transportation centers located east and west of downtown San Antonio. The transit system is focused on re-use plans for land above its Robert Thompson Transit Center, between the Alamodome and Sunset Station, and at the former Scobey complex, near the Villa …
Construction is officially underway on Vibrant Cities’ Pivot Apartments, a mixed-use project on Seattle’s Capitol Hill. The 75,000-square-foot building will rise eight stories and contain 71 apartment units. Vibrant Cities acquired the development site that overlooks downtown Seattle in August 2016, with a vision to capitalize on a rapidly-growing market being fueled by robust job …
Connect Media has signed leases in New York and Los Angeles, and secured office space in Atlanta at co-working provider Strongbox West. Connect’s official offices now plant the flag in three major metros, with Connect team members in New Jersey, New Orleans, Dallas, Chicago, San Francisco, Oregon, San Diego, Los Angeles, Atlanta, and New York. …
Even with a slowing economy, U.S. employers added 164,000 jobs in July as the unemployment rate held steady at 3.7%, according to the Labor Department. The jobless rate is still at a nearly 50-year low. Through the first seven months of 2019, employers have added an average of 165,000 jobs per month. That number is …
Longfellow Strategic Value Fund has acquired a 1.34 million-square-foot life science portfolio in Research Triangle, NC for $405 million. The portfolio consists of 18 buildings on four campuses. The properties, which are currently 94% leased, are located within Keystone Technology Park and Imperial Center. Tenant amenities at the properties include fitness centers and outdoor lounges. …
By Melissa Baer A panel of commercial real estate finance experts recently gathered at Connect Bay Area to discuss the region’s current investment climate. Real estate players across the buying, lending and selling space addressed critical issues, including where investors are finding higher yield; public vs. private REITS; preferred investment strategies; the role of foreign …
Rising Realty Partners signed Republic Indemnity, an affiliate of Great American Insurance Group, to a 50,000-square-foot lease at The Park Calabasas in Calabasas, CA. The company will be relocating from its current location in Encino. Rising’s Christopher Rising says, “There really isn’t anything like this property in the L.A. area—modern campus environment, cutting edge technology, …
Welltower Inc. has agreed to acquire a 43-acre, six-building, 270,000-square-foot medical office campus in Berkeley Heights, NJ for $140 million. The campus will be master-leased by Summit Medical Group under a new 20-year, absolute net lease. The Berkeley Heights campus is the largest and most comprehensive of five “hubs” in Summit’s 80-location hub-and-spoke model. The acquisition will bring …
Cresa’s James A. Pirot and his team have coordinated the build-out of the new 107,000-square-foot offices at Empire State Realty Trust’s 1400 Broadway for Fragomen, Del Rey, Bernsen & Loewy LLP. The law firm committed to the space in September 2017. Located on three contiguous floors, the Fragomen space is characterized by multiple workspace elements …
Greenwich, CT-based L Catterton Real Estate (LCRE) and Australian investor QIC Global Real Estate formed a strategic partnership to jointly redevelop the nearly one-million-square-foot South Bay Galleria in Redondo Beach, CA. The team plans to transform the nearly 30-acre acre center at Artesia and Hawthorne Boulevards into an iconic retail-led, mixed-use destination. A new development …
Walker & Dunlop has added a team of five senior housing specialists, based in Chicago. Managing directors Mark Myers and Josh Jandris and VPs Jordyn Berger, Alex Vice and Mike Surak will work closely with Walker & Dunlop’s senior housing finance group. “The addition of this talented team in Chicago both expands our geographic footprint and provides an entry point into the active senior housing …
CommonGrounds Workplace is continuing its national rollout, signing a 10-year lease for 30,783 square feet at The John Buck Company’s 33 N. LaSalle. The co-working and flexible-space firm plans to take occupancy in the first quarter of 2020. “The Chicago Loop is the second-largest CBD and has limited flexible office solutions for the Fortune 1500 and Global …
Natick-based design-build firm Dacon Corp. has completed a 62,000-square-foot headquarters renovation for local beer and spirits distributor Sheehan Family Cos. in Kingston. Dacon’s renovations expanded the facility by 47,000 square feet, and included the addition of several more temperature-controlled areas and storage space. Additional renovations covered the remaining 15,000 square feet. Sheehan Family Cos. is …
Hudson Pacific Properties divested three office buildings and 35.4 acres of vacant land at Campus Center in Milpitas, CA in a pair of separate deals that traded for nearly $150 million combined. The 65-acre Silicon Valley property already has two- and three-story office and R&D buildings featuring 59,000-square-foot floorplates, new entries and lobbies. The site …
Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, has arranged a long-term lease for Citizens Coffee in its third New York City location. The Greenwich Village space at 155 Bleecker St. will join Citizens cafes in Chelsea and Gramercy. James Famularo, president of New York retail leasing at Meridian, represented the landlord. …