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NYC Q1 Office Report – 2017 Off to Sluggish Start

Commercial Real Estate News, Deals, Market Reports, Office| Views: 2656

  Executive Summary Q1 office sales volume drops 63% year-over-year to $2.07 billion average price per square foot down 23% from Q1 2016 ($741) largest sale closed in the...

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Facebook to Enter Nebraska Market with 970 KSF Data Center

Commercial Real Estate News, Development, Industrial| Views: 390

  Online giant Facebook has announced plans to develop its ninth data center facility in Papillion, Neb., roughly 9 miles south of Omaha. The 970,000-square-foot facility...

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BioMed, UC San Diego Unveil Plans for New Cancer Research Facility

Commercial Real Estate News, Development, Healthcare, Office| Views: 446

  Blackstone affiliate BioMed Realty is partnering with the University of California San Diego to develop a state-of-the-art research facility focused on finding treatments...

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LaSalle Pays $98M for Minneapolis’ Mayo Clinic Square

Commercial Real Estate News, Deals, Mixed-use, Office| Views: 378

  The 222,000-square-foot building formerly known as Block E in downtown Minneapolis has found a new owner in LaSalle Investment Management. The Chicago-based company...

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Akridge, Alcion Break Ground on 1701 Rhode Island in DC

Commercial Real Estate News, Development, Office| Views: 267

  A partnership between Akridge and Alcion Ventures LP recently celebrated the start of construction on 1701 Rhode Island, a redevelopment project set to transform the former...

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Hines Expands Houston Footprint with 2.2M SF Industrial Buy

Commercial Real Estate News, Deals, Industrial| Views: 319

  Hines recently announced it has acquired a Class A, 2.2 million-square-foot industrial facility located near the Port of Houston in LaPorte, Texas. The Houston-based...

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Charles Schwab’s New Austin HQ Celebrates Milestone

Commercial Real Estate News, Development, Office| Views: 441

  Charles Schwab & Co. recently celebrated the topping out of the first building at its new Gracy Farms Lane campus, within the bustling Austin office market. Attending...

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Amazon Plans Massive NoVa Distribution Center

Commercial Real Estate News, Industrial| Views: 437

  Online giant Amazon recently announced plans to open a 1 million-square-foot e-commerce warehouse and distribution facility in Frederick County, Va. The company will be...

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Asian Investment in US Trophy Office Assets Quadrupled in 2016

Commercial Real Estate News, Deals, Office| Views: 1536

  There’s been much talk lately of record Asian capital being pumped into the U.S. commercial real estate market, especially in the past year. Foreign investors stole the...

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Stellar, Imperium JV Nabs Leasehold Interest in 220 Fifth Avenue

Commercial Real Estate News, Deals, Office| Views: 472

  The historic Neo-Gothic building at 220 Fifth Ave. in Manhattan has found new owners in Stellar Management and Imperium Capital. The joint venture has acquired the...

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