Commercial

The portfolio also includes 2700 Summit Ave. and 2701 E. Plano Parkway. Image courtesy of Cushman & Wakefield DRA Advisors has purchased an eight-building, 846,261-square-foot infill industrial portfolio in Plano, Texas. New York Life provided $79 million in acquisition financing,…

Diversified Healthcare Trust, of Newton, Mass., has closed a $120 million mortgage loan secured by eight properties within DHC’s medical office and life science portfolio. Two Newton Place in Newton, Mass., Diversified Healthcare Trust’s corporate headquarters. Image courtesy of CommercialEdge…

Food producer Schwan’s Co. is acquiring a 142-acre site in Sioux Falls, S.D., where it will develop a 700,000-square-foot food production plant. The facility will be in Foundation Park, an industrial park in the northwest part of the city that…

W. P. Carey expects the redevelopment efforts to be completed by late 2025. Image courtesy of Newmark Persimmon Technologies, a subsidiary of Sumitomo Heavy Industries, has signed a 142,224-square-foot, long-term lease with W. P. Carey in Bedford, Mass. Newmark represented…

Microgrid diagram. Courtesy of JLL In today’s energy-driven economy, microgrids play an increasingly critical role. These local self-contained electrical systems supplement the power supply from the main grid while providing resiliency and the opportunity to incorporate alternative sources of energy.…

Dermody announced the LogistiCenter at Interstate 80 Phase II in 2021. Image courtesy of Dermody Properties Daikin Industries has signed two leases totaling 111,452 square feet of warehouse space across two LogistiCenters in Rohnert Park, Calif., and Verdi, Nev. Dermody…

An affiliate of New York-based Mack Real Estate Group has won the rights to develop more than 2,300 acres of fully entitled land adjacent to the Taiwan Semiconductor Manufacturing Corp.’s semiconductor fabrication campus in Phoenix’s North Valley that could result…

Great American Tower, which spans 350,049 square feet across 25 stories. Photo courtesy of CommercialEdge DPC Cos. has completed the sale of 3200 Central, a 25-story, 350,049-square-foot office building in Phoenix. Los Angeles-based Younan Properties picked up the property for…

400 Summer St., a 630,000-square-foot life science development in Boston’s Seaport district, has celebrated its formal opening as the new headquarters of Foundation Medicine, a cancer-testing tech specialist previously based in Cambridge, Mass. The building is the most recent development…

The June Digital Issue of CPE Is Now Available! From the Editor Feature. Image courtesy of Avison Young Distressed. Image by solidcolours/iStockphoto.com Industrial. Images courtesy of Lowney Architecture CDO Stack. Image by sorbetto/iStockphoto.com Economist’s View. Image by Erhui1979/iStockphoto.com Transactions. Image…