News/Events
Institutional Investor Snares San Dimas Light Industrial Park
SRS Real Estate Partners arranged the $41-million sale of San Dimas Commerce Center, a 19-building light industrial park located at 410-490 W. Arrow Hwy, in San Dimas. VP Dave Faris and EVP and senior managing principal Richard Schwartz represented the seller, San Dimas BP LLC. The buyer is an institutional investor with a national presence.…
10 States Alone Carry $1.4T In Wildfire Property Risk, Cotality Finds
The most at-risk states are spread across the U.S. West, with cities like Austin and Spokane, Washington, also at risk.
UK Investment Giant Funds First U.S. Development In Boston Suburb
L&G's first U.S. development is set to break ground this year in Concord, Massachusetts, with 201 multifamily units.
Illinois' Historic Storm Season Is Threatening To Drive Up Property Insurance Costs
The onslaught of severe weather has major implications for the state’s commercial property owners’ insurance costs.
BREIT Exits Self-Storage As It Invests Billions Into Data Centers
During Q2, the REIT offloaded its last 79 self-storage assets and poured $3.3B into its data center arm, QTS.
Whoop Looks To Double Boston Footprint With 107K SF Lease
Whoop is planning a major Boston expansion with a 107K SF office lease as it prepares for an IPO.
Simon Property Group To More Than Double $18M In Lost Saks Global Rents With New Leases
Simon Property increases mall rents by 144%, reshaping space after Saks' closures.
Morris Heights Seniors Housing Project Secures Permits
Permits have been approved for a new 10-story affordable senior housing development at 105 W. Tremont Ave. in the Morris Heights neighborhood of the Bronx. Developed by Crown Holdings in partnership with The Community Builders, one of the nation’s largest affordable housing organizations, the project will provide 95 Affordable Independent Residences forSeniors (AIRS) and form…
Fully Leased Chula Vista Retail Fetches $30M
JLL Capital Markets arranged the $30.4-million sale of Terra Nova Plaza, a fully leased, 96,114-square-foot retail property positioned within a 301,000-square-foot regional shopping center in Chula Vista. Senior managing director Gleb Lvovich, managing director Daniel Tyner and senior managing director Geoff Tranchina. represented the seller, a global investment manager. Located at 390 E H St., Terra Nova Plaza sits…
