Commercial

GFP Real Estate LLC has closed on a $54 million loan from Apple Bank to refinance 594 Broadway, a 12-story, 250,000-square-foot office tower in Manhattan’s SoHo neighborhood. Interior at 594 Broadway in NYC. Image courtesy of GFP Real Estate LLC…

Amazon has also leased Building B at The Cubes at Glendale in Phoenix’ West Valley. Image courtesy of Cushman & Wakefield Amazon is continuing to expand its presence in metro Phoenix. The retail giant has signed a 1.2 million-square-foot lease…

The Carrollton facility features two buildings totaling 127,054 square feet. Image courtesy of CommercialEdge AEW Capital Management has sold the North Dallas Infill Portfolio, with the assistance of Newmark. Located in the Dallas suburbs of Farmers Branch, Carrollton and Addison,…

The Rexwoods Office Center is near the UNC-REX Hospital, less than 7 miles from downtown Raleigh. Image courtesy of CommercialEdge Highwoods Properties has sold an eight-building medical office portfolio in Raleigh, N.C.—encompassing a total of 338,000 square feet—for $79.4 million.…

The announcement last Friday that 99 Cents Only Stores LLC was going out of business has immediately put into play the company’s 44 owned and 333 leased locations in Arizona, California, Nevada and Texas. “There is a strong likelihood that…

The 10-acre Tristar Business Park will feature two industrial building totaling 173,680 square feet. Image courtesy of Colliers A joint venture between MBK Industrial Properties and Hopewell Development has broken ground on Tristar Business Park, a two-building industrial campus in…

The Phoenix office market maintained its position as one of the nation’s leaders in investment, with its active sales activity placing it second across similar Sun Belt cities, CommercialEdge data shows. In line with last year’s drop in construction activity,…

The rapid growth of artificial intelligence has surged demand for data centers, fueled by their need for vast data and processing power, according to the most recent CommercialEdge industrial report. Data centers are experiencing a surge in demand due to…

The rise in construction costs looks to be slowly decelerating, according to the latest research from Rider Levett Bucknall. The firm’s report showed that the average national growth in construction costs was 1.29 percent in the first quarter of 2024…

The 708,990-square-foot facility that CRG sold last year is adjacent to the 77-acre land purchased by Lecangs. Image courtesy of CRG Global 3PL company Lecangs has purchased 77 acres at The Cubes at West Port, a 764-acre master-planned industrial park…