CBRE has hired Jeremy Bates as a VP in Cleveland, joining its retail team. A veteran of retail as well as office leasing, Bates (pictured) will be involved in both agency and occupier work, along with regional business. “I am looking forward to this next step in my career and working with everyone, not only …
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CBRE’s David Hollander and Neil King have been promoted to vice chairmen. Both have been consistently recognized as top producers within the company. Hollander has developed longstanding relationships with a variety of blue-chip clientele over the course of 25 years at CBRE. His roster of clients includes Google, Avenue Capital, the Hunt Companies, Dentsu/McGarry Bowen, …
NAI James E. Hanson recently negotiated a 25,526-square-foot lease at 175 Anderson Ave. in Moonachie, NJ. Relocating from nearby Carlstadt, Cactus Clothing Co. plans to utilize the property for warehousing and distribution of garments. An NAI Hanson team of Jeff DeMagistris and Tom Vetter represented the landlord, 175 Anderson LLC. The lease deal follows the recent …
Equinox Fitness has renewed its lease at 14 Wall St. for an additional 20 years. A tenant at the Financial District landmark since 2000, Equinox has enlarged its presence over the years to its current 36,500 square feet. “Twenty years is a significant amount of time in a neighborhood that is changing as rapidly as …
Real estate development and investment company Ferber Co. announced the initial tenant line-up at Brooklyn Place, an 11,500-square-foot retail development in downtown Jacksonville. The nearly two-acre site, which has been vacant for decades, is adjacent to Regency Center’s Brooklyn Station retail development. The initial tenant line-up at Brooklyn Place will include Panera Bread, Chipotle and …
JLL Capital Markets arranged $61 million in debt and equity on behalf of LIVWRK for the acquisition and repositioning of 1000 Dean St., a 150,769-square-foot creative office and lifestyle-oriented building in Brooklyn’s Crown Heights neighborhood. The property was built in the 1920s as an automotive service station, and now houses a diverse mix of tenants. …
Sterling Bay is close to finalizing deals with Chicago-based IRI and law firm Mayer Brown to lease a combined 160,000 square feet at 311 W. Monroe St., according to Crain’s Chicago Business. The 382,000-square-foot West Loop office building, which Sterling Bay acquired for $60 million in 2017, has been mostly vacant since BMO Harris Bank …
Lee & Associates completed the sale of a 60-unit, two-story townhome site in Murrieta, CA for $2.7 million. The 4.64-acre parcel is located on the Southeast corner of Washington Avenue and Lemon Street. The final map is recorded. The site is partially improved with some grading, streets, water, sewer, curbs, and gutters installed more than …
By Melissa Baer At Connect Apartments in Los Angeles recently, experts in affordable housing sat down with moderator Debra Carlton, senior vice president, public affairs at the California Apartment Association, for a candid conversation on todays issues, trends, and what keeps them up at night. With financing being one of the biggest challenges among developers, …
Anthony Tarter joined Bellwether Enterprise as Executive Vice President and Director of the company’s new Workforce Housing and Social Impact Team. Tarter comes to the Ohio-headquartered commercial and multifamily mortgage banking company’s Dallas office from PGIM Real Estate Finance. In his new role, Tarter, who has been joined by Assistant Vice President Drew Oden, will …
Bear Real Estate Advisors arranged the $7.3 million sale of a 20,000-square-foot medical office building in Florence, SC. Located at 400 N. Cashua Dr., the property is currently fully occupied by Carolina Centers for Sight, a surgical ophthalmology practice. Carolina Centers for Sight is a partner of Eye Health America, which leases the building on …
Brennan Investment Group has signed a long-term lease with Broetje-Automation as the first tenant of the Elk Grove Technology Park in Elk Grove Village, IL. The 43,206-square-foot space will serve as Broetje-Automation’s U.S. headquarters and production facility for manufacturing and assembling robotic systems and automated composite manufacturing equipment. “With our new facility in Chicago, we will …
VSP Global entered into a definitive agreement to acquire Visionworks, the San Antonio-headquartered national retail optical chain, for an undisclosed amount. The transaction will provide the Rancho Cordova, CA-based VSP Global with more than 700 retail stores in nearly 40 states. There are no plans to move Visionworks’ employees or headquarters from its current location …
The Center for Employment Opportunities Inc. signed a lease for new headquarters space in Oklahoma City. The tenant, which provides job training for formerly incarcerated Oklahoma residents, will be operating at 501 N. Walker St. Susan Davis Jordan, CCIM and Kelsey Gilbert with CBRE represented the tenant. The landlord, Dowell Properties Inc. of Norman, OK, …
Classical radio station KMFA 89.5 FM, broadcasting throughout the Austin metro, announced plans to acquire, and move into, a permanent studio in 2020. The 18,000-square-foot, free-standing building will be built in an as-yet unnamed mixed-use development on Lady Bird Lake in East Austin. Groundbreaking on the building will take place in July 2019. The mixed-use …
Dalfen Industrial acquired the Northfield Fulfillment Center, a 152,900-square-foot warehouse facility in Roswell. The sales price was not disclosed. Located at 1075 Northfield Ct., the property features cross dock set up as well as tilt-up concrete construction. The facility is currently fully occupied by Kimberly Clark and Mattress Firm. The acquisition brings Dalfen Industrial’s total …
Equus Capital Partners has sold the six-building Keystone at the Crossing office campus to a joint venture between DRA Advisors and M&J Wilkow Properties. At 1,054,886 square feet, the Keystone campus is the largest Class A office park in Indianapolis. Financial terms of the sale weren’t disclosed. The Indianapolis Business Journal reported that the property …
The Houston Airport System has officially broken ground on the Houston Spaceport. The first phase, being built for $18.8 million, will include infrastructure (streets, water, wastewater, electrical power and communication facilities) and 53,000 square feet of lab and office space. The project’s first phase is being built on 154 acres at Ellington Airport on the …
Two national studies are questioning home ownership affordability. The studies also noted that, while owning a home in Texas isn’t as much of a challenge as in other parts of the country, the increase in median housing costs is putting a dent in affordability. The Q2 2019 U.S. Home Affordability Report, released by ATTOM Data …
Master-planned community developer Howard Hughes Corp. confirmed that it is examining strategic alternatives to help maximize shareholder value, according to a release. Specifically, the Dallas-headquartered developer retained Centerview Partners to assist in options, which could include a sale of the company, changes in the corporate structure, a joint venture or spin-off of a portion of …