Commercial

Cohen Asset Management has sold a 400,000-square-foot Class A cross-dock industrial building in Phoenix to Karney Properties for $69.6 million. Cushman & Wakefield advised the seller. The Home Depot fully occupies the property at 7200 W. Buckeye Road in Phoenix.…

Parsons talks to Calugar about the latest Global Commercial Property Monitor released by the Royal Institution of Chartered Surveyors in London. Image by Vertigo3d/iStockphoto.com The global real estate market is in the early stages of recovery, according to the latest…

Source: CommercialEdge As of September, office utilization remained unchanged and vacancy rates are continued to rise, marking a 1.7 percent year-over-year change on a national level. That month, the national vacancy rate stood at 19.5 percent. Among the top markets…

The U.S. office sector is yet to stabilize following the pandemic, still fighting an uphill battle. Although giant companies such as Amazon and Dell are implementing multiple return-to-office policies, fundamentals such as the vacancy rate continue to suffer across California…

The building at 918 S. Stimson Ave. came online in 1981 and was renovated in 2019. Image courtesy of JLL Ardmore Home Design has acquired a 282,377-square-foot industrial asset in the City of Industry, Calif., for $59.9 million. LBA Realty…

Grandview Partners and TRG Development procured $99.8 million to finance a newly constructed industrial park totaling more than 1.6 million square feet in Wilmer, Texas, a Dallas suburb. Core45 totals more than 1.6 million square feet across two buildings in…

Source: CommercialEdge In the third quarter of 2024, office sales totaled $9.3 billion across 499 transactions, involving 51.4 million square feet of space, CommercialEdge data shows. This reflects a 9.9 percent decrease in sales count and a 7.2 percent decline…

I-64 Commerce Center’s Building A encompasses some 1 million square feet. Image courtesy of Colliers W. P. Carey has acquired I-64 Commerce Center’s Building A, a 1 million-square-foot cross-dock industrial facility in Shelbyville, Ky., from Flint Development. The Class A…

Stream Realty Partners has secured $63 million in financing for the Chicagoland Industrial Portfolio, which comprises five Class A industrial buildings in the Chicago metro area. JLL Capital Markets arranged the five-year, fixed-rate loan. Aerial view of Rockwell Logistics Center at…

Yogurt company Chobani LLC has unveiled plans for a new global headquarters in New York City. Chobani House is scheduled to open in the fourth quarter of 2025. Image courtesy of Chobani LLC The 120,000-square-foot, 22-floor office building at 360…