Commercial

Black Lion Investment Group has made its first office acquisition in Miami Beach, Fla., purchasing The Lincoln at 1691 Michigan Ave. for $62.5 million, with plans to redevelop the mixed-use property into a luxury office concept it’s calling ‘Class X.’…

Riverside Tech Park comprises 14 buildings across 70 acres. Image by CPI Productions, courtesy of Precision for Medicine LLC Precision for Medicine LLC has signed renewal and expansion leases totaling more than 116,000 square feet at Riverside Tech Park in…

The office building at 2020 W. El Camino Ave. comprises more than 319,000 square feet. Image courtesy of Avison Young Chavez Management Group Inc. has acquired two office assets within Natomas Corporate Center in Sacramento, Calif., for $44.5 million. Bannon…

The 400,000-square-foot industrial development will feature a cross-dock facility and a rear-load warehouse. Image courtesy of Logistics Property Co. Logistics Property Co. is entering Austin, Texas, with the development of a two-building industrial park. Groundbreaking on the more than 400,000-square-foot…

In January, Terreno Realty has begun a $64 million redevelopment of 1855 W. 139th St., a 231,000-square-foot industrial property in Gardena, Calif. Image courtesy of CommercialEdge Terreno Realty Corp. has further expanded its portfolio around the Washington, D.C., area with…

Therese Fitzgerald It’s looking like interest rates may be higher for longer. At least that’s what Federal Reserve officials indicated in separate addresses yesterday. “Sustainably restoring” inflation to 2 percent is not yet done, insisted Federal Reserve Vice Chair Philip…

John Bonczek As the demand for data storage and processing soars, data center companies are increasingly turning to adaptive reuse strategies to meet growing capacity needs. Instead of solely focusing on new construction, companies are repurposing existing structures, particularly in…

280 Park Ave., which had a $1.075 billion loan maturity extended by two years. Image courtesy of CommercialEdge SL Green Realty Corp. and Vornado Realty Trust have secured a two-year extension for the $1.1 billion securitized mortgage on 280 Park…

Richard Spore and Justin Starling As municipalities have explored additional sources of funding for promising commercial real estate development or redevelopment projects that may not be economically viable without public support, some major cities, such as Atlanta and Richmond, have…