Commercial

2024 CMBS Delinquency Rates – Commercial Property Executive

Source: Trepp Source: Trepp Source: Trepp The Trepp CMBS Delinquency rate inched up in February 2024. Overall, the delinquency rate rose 5 basis points to 4.71 percent. In the heavily watched office segment, delinquencies jumped 33 basis points to 6.63…

Commercial

2024 Special Servicing Rates – Commercial Property Executive

Source: Trepp Source: Trepp Source: Trepp The Trepp CMBS Special Servicing Report continued to rise in February, increasing 19 basis points to reach 7.14 percent. This is the first time the overall rate has surpassed the 7 percent mark in…

Commercial

Titan Development to Build 1.3 MSF Austin-Area Industrial Campus

Rendering of Leander 183 Commerce Center, expected to break ground in late 2024. Image courtesy of Titan Development Rendering of Leander 183 Commerce Center, expected to break ground in late 2024. Image courtesy of Titan Development Rendering of Leander 183…

LG Energy Lands Financing for .5B Battery Complex

Commercial

LG Energy Lands Financing for $5.5B Battery Complex

LG Energy Solution’s $5.5 billion development in Queen Creek, Ariz., represents the largest-ever single investment for a stand-alone battery manufacturing facility in North America. Image courtesy of the Town of Queen Creek LG Energy Solution’s $5.5 billion development in Queen…

Commercial

Simone Development Cos. Inks Lease in White Plains

Simone Development Cos. has signed a 16,750-square-foot office lease at its 129,168-square-foot office and R&D building in Thornwood, N.Y., within the White Plains market. CBRE negotiated on behalf of the tenant, Healy Electric Contracting. The landlord was represented by New…

Commercial

Lincoln Property Eyes Uptown Dallas Mixed-Use

Lincoln Property Co.’s mixed-use campus will rise next to The Crescent in Uptown Dallas. Image courtesy of Lincoln Property Co. Lincoln Property Co. is moving forward with plans for the development of a mixed-use campus in Uptown Dallas. The firm…

Commercial

Frayer Enterprises Sells 187 KSF Toledo Shopping Center

Frayer Enterprises has sold Airport Square, a 187,252-square-foot shopping center in Toledo, Ohio. A private investor from Las Vegas acquired the asset for $11.9 million. Airport Square came online in 1986, comprising four buildings spread on some 23 acres. Image…

Commercial

ESI Ventures, Ryan Cos. Break Ground on Phoenix Industrial Project

A joint venture of Ryan Cos., and ESI Ventures has commenced construction on Surprise 34, a two-building industrial campus totaling 145,000 square feet of space in Surprise, Ariz. ESI Ventures is the owner of the development, while Ryan Cos. is…

Commercial

Farmer Brothers to Relocate HQ to Fort Worth

The building at 14501 N. Freeway also includes 70,000 square feet of industrial space. Image courtesy of CommercialEdge The building at 14501 N. Freeway also includes 70,000 square feet of industrial space. Image courtesy of CommercialEdge The building at 14501…

Commercial

Trademark to Transform DFW Shopping Center Into Mixed-Use Property

Trademark Property Co. will move forward with the redevelopment of Lincoln Square, a 470,000-square-foot shopping center in Arlington, Texas. The developer plans to transform the outdated retail center into a mixed-use development with office, retail, hotel, entertainment and residential spaces.…