Commercial

In a $185 million deal, Drawbridge Realty has purchased a Class A office building in Santa Monica, Calif. Clarion Partners was the seller of the property, which is 100 percent triple-net leased to Universal Music Group. Drawbridge Realty has acquired…

The pandemic has reshuffled the retail sector’s dynamics forever, urging brands to reimagine physical spaces and meet their clients in new ways, all while pushing architects and designers’ creativity to new levels. But with many retailers downsizing and still relying…

JLL Capital Markets has secured financing on behalf of Goldman Sachs Alternatives and CLX Ventures for DFW Commerce Center Phase II & III, a three-building, 2 million-square-foot Class A industrial park at Dallas-Fort Worth International Airport. Barings provided the $115 million…

KPR Centers has purchased University Hills, a 210,000-square-foot grocery-anchored center. The $56.5 million acquisition marks the company’s entrance into Denver’s retail market. University Hills recorded an annual visitor count exceeding 3.6 million. Image courtesy of KPR Centers Institutional Property Advisors…

Governor JB Pritzker and local elected officials, alongside CyrusOne and ComEd representatives, attended the groundbreaking ceremony. Image courtesy of CyrusOne CyrusOne has broken ground on its second data center campus in Aurora, Ill., a Chicago submarket. The project is set…

The newly renovated 660 Fifth Avenue building features Macquarie Group’s logo. Image courtesy of Macquarie Group Macquarie Group has opened its new 250,000-square-foot office at 660 Fifth Ave. in Manhattan’s Plaza District. The global financial services company has relocated its…

The developer started the conversion of the 475,000-square-foot 40 Thorndike in 2020. Image courtesy of Granite Properties A joint venture of CBRE Investment Management, Leggat McCall Properties and Granite Properties has opened 40 Thorndike, a 475,000-square-foot mixed-use building in Cambridge,…

Court Plaza is a six-story office building in downtown Hackensack, N.J., completed in 1984 . Image courtesy of Alfred Sanzari Enterprises Law firm Cole Schotz has signed a 61,582-square-foot renewal agreement at Court Plaza, a 335,000-square-foot Class A office building…

Highway 1 Commerce Center is taking shape on more than 14 acres. Image courtesy of Lovett Industrial Lovett Industrial has broken ground on Highway 1 Commerce Center, a 176,105-square-foot speculative development in Philadelphia focused on the need for Class A…

Confidence in the commercial real estate sector has improved significantly in the third quarter of 2024, according to the Board of Governors Sentiment Index survey from the CRE Finance Council. The index surged to 121.1, an 18 percent increase from…