Commercial

Stonepeak has acquired a three-building portfolio in Elwood, Ill., at the largest inland port in North America. Image courtesy of Stonepeak Benefiting from its position, robust rail and airport systems, Chicago’s industrial market remains strong and adaptable. Despite a reduction…

Building 400 at Lakeland Commerce Center features 95 dock-high loading doors and 68 trailer stalls. Image courtesy of Stonemont Financial Group LG Electronics USA has signed a 348,740-square-foot lease for Building 400 at Stonemont Financial Group’s Lakeland Commerce Center in…

Michelle Herrick, JPMorgan’s new head of commercial real estate. Photo courtesy of JPMorgan Chase. JPMorgan Chase has named Michelle Herrick as head of its commercial real estate business, the company said on Wednesday. The appointment will take effect in January…

TJ Maxx is one of Waterside Marketplace’s anchor tenants. Image courtesy of Mid-America Real Estate Corp. PMAT Real Estate Investments has sold Waterside Marketplace, a 276,244-square-foot shopping center in Chesterfield, Mich. Octave Holdings and Investments acquired the asset through its…

A joint venture of KB Asset Management Co. Ltd. and RED Development has received a $227 million refinancing loan for The Union, a mixed-use development in Dallas’s Uptown submarket. The Union tower in Uptown Dallas is owned by KB Asset…

Mike Ohmes, SIOR’s new global president elect. Image courtesy of SIOR Lots was shared at the Society of Industrial and Office Realtors’ Fall 2024 event: transaction opportunities, tips and tricks, advice, business cards, pleasantries between friends and peers, market reports,…

Media attention on employer-mandated return-to-office policies has not changed office usage data, which remains largely unchanged as downsized office spaces continue to be the norm due to remote and hybrid work, the latest CommercialEdge national office report shows. Leasing activity…

The Northwest Corporate Park Building 11 debuted in 1968. Image courtesy of CBRE EQT Exeter has acquired a 312,604-square-foot, three-building infill industrial portfolio in Seattle and Portland, Ore., for $49.9 million. Prologis sold the assets, public records show, with the…

Tustin Financial Plaza was 70 percent leased at the time the deal closed. Image courtesy of CBRE Sagard Real Estate has sold the Tustin Financial Plaza, a 185,180-square-foot office property in Tustin, Calif., for $27.5 million. A local investment firm…

DRA Advisors and KPR Centers have sold Bethel Shopping Center, a 101,105-square-foot shopping center in Bethel, Conn. Phillips Edison & Co. acquired the asset, in a transaction brokered by CBRE. Bethel Shopping Center came online in 2007. Image courtesy of…