Commercial

Values shown are average by property type. As of April 8, 2024. Source: S&P Global Market Intelligence As of April 8, 2024 publicly traded U.S. equity REITs posted a one-year average dividend yield of 4.15 percent. The office REIT sector…

The building at 1520 First Ave. rises 30 stories or 449 feet. Rendering courtesy of Lendlease The joint venture of Lendlease and Extell Development Co. has topped out 1520 First Ave., a 400,000-square-foot medical office building in Manhattan. The 30-story…

Lionstone Investments has sold Muse Shops at Midtown, a 112,162-square-foot value-add retail center located in Dallas. Morgan Stanley purchased the recently redeveloped asset, according to public records. JLL Capital Markets brokered the transaction on behalf of the seller. Muse Shops…

EQT Exeter will rebrand the 641,906-square-foot facility as I-10 Gateway. Image courtesy of Cushman & Wakefield EQT Exeter has acquired a 641,906-square-foot industrial facility in Buckeye, Ariz., for $60.1 million. It will rebrand the asset as I-10 Gateway. Developer BET…

Perkins + Will designed the 368,258-square-foot Science Square Labs. Image courtesy of Trammell Crow Co. Trammell Crow Co., in partnership with Georgia Advanced Technology Ventures, an affiliate of the Georgia Institute of Technology, has completed the first phase of Science…

Echo Park 303 is a 40-acre, two-building industrial campus within the Loop 303 corridor. Image courtesy of LGE Design Build Echo Real Estate Capital has completed Echo Park 303, a 676,176-square-foot, two-building industrial park in Glendale, Ariz. JLL is in…

Wilks Development is set to break ground this month on the $550 million first phase of Firefly Park, a 242-acre mixed-use master-planned community in Frisco, Texas. Construction on Phase One is expected to be completed by mid-2027. A rendering of…

Tom Whitesell, head of Kennedy Wilson’s debt investment platform. Construction financing carries a higher risk profile than most other loan categories. But even in today’s uncertain climate, some lenders are not only keeping a hand in this category but embracing…

GTIS aims to complete the industrial asset by early 2025. Image by Alliance Architects, courtesy of Stream Realty Partners GTIS Partners has commenced construction on 121 Commerce Center, an industrial development totaling 272,160 square feet of space in Grapevine, Texas.…