Commercial

Global Net Lease sold a portfolio of nine cold storage properties for $170 million at a 7.88 percent cash cap rate on 3.3 years of weighted average remaining lease term. The buyer is Americold Realty Trust, the Commercial Observer reported.…

Several Dermody executives and WestRock officials attended the groundbreaking ceremony. Image courtesy of Dermody Properties Dermody Properties has broken ground on LogistiCenter at Pleasant Prairie, a 2.4 million-square-foot logistics park in Pleasant Prairie, Wis., as it secured the property’s first…

Howard Hughes Holdings has acquired Waterway Plaza II, a 142,400-square-foot office building in The Woodlands Town Center in Greater Houston for $19.2 million. The six-story building is on 3.23 acres and includes a 1,316-spaceparking garage. Waterway Plaza II is part…

EV charging has become a must-have amenity for apartment dwellers as well as commercial tenants. But the planning and placing of EV chargers is no small task for property managers. Welcome back to Sustainability Street, our podcast on the intersection…

The four-story property came online in 1990 and underwent cosmetic renovations in 2013. Image courtesy of Colliers Welltower has acquired 1201 Alhambra, a 103,652-square-foot medical office building in Sacramento, Calif. NexCore Group sold the asset for $45.6 million, according to…

Hyde Park Labs will come online at the end of the year. Image courtesy of Trammell Crow Co. Due to several challenges in the office sector, including reduced demand and high interest rates, office sales nationwide have been driven by…

360 Lexington rises 24 stories in Manhattan’s neighborhood of Murray Hill. Image courtesy of CommercialEdge Savanna has signed a 15,379-square-foot lease renewal at 360 Lexington Ave., a 268,383-square-foot office tower in Midtown Manhattan. Kenneth Park Architects will continue to fully…

Source: Mortgage Bankers Association Commercial mortgage delinquency rates continued to increase during the first three months of 2024. increase was seen across most capital sources, pointing to the challenges caused by loans that are maturing amid higher interest rates, uncertain…

One of Faropoint’s properties is a three-building campus in Stone Mountain, Ga. Image courtesy of JLL Calling it a significant milestone for the company, Faropoint has closed its flagship Industrial Value Fund III with $915 million in commitments from institutional…

Logistics Property Co. plans to expand Southern Star Logistics Park with a 582,400-square-foot facility. Rendering courtesy of Logistics Property Co. U.S. Lumber Group has signed a full-building, 550,000-square-foot lease at Logistics Property Co.’s Southern Star Logistics Park in Midlothian, Texas.…