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 The developer plans to transform the outdated retail center into a mixed-use development with office, retail, hotel, entertainment and residential spaces.…

Commercial

2024 REIT Trading Trends – Commercial Property Executive

Source: S&P Global Market Intelligence Source: S&P Global Market Intelligence Source: S&P Global Market Intelligence As of March 7, 2024, the publicly traded U.S. equity REITs in the Dow Jones equity all REIT index posted a 4.58 percent total return.…

CREF Forecast: Borrowing and Lending Expected to Increase to 6B in 2024

Commercial

CREF Forecast: Borrowing and Lending Expected to Increase to $576B in 2024

Source: Mortgage Bankers Association Total commercial and multifamily mortgage borrowing and lending is expected to rise to $576 billion in 2024, which is a 29 percent increase from 2023’s estimated total of $444 billion. This is according to an updated…

Commercial

When Will the Fed Move on Interest Rates?

Today’s Federal Reserve Bank interest rate decision comes with little surprise: Benchmark rates are set to remain at a range of 5.25 to 5.5 percent. That’s where they have been since July 2023. Federal Reserve Chair Jerome Powell speaks at…

Piedmont Sells Dallas Office Asset for M

Commercial

Piedmont Sells Dallas Office Asset for $54M

One Lincoln Park was 59 percent leased at the end of 2023. Image courtesy of CommercialEdge One Lincoln Park was 59 percent leased at the end of 2023. Image courtesy of CommercialEdge One Lincoln Park was 59 percent leased at…

Intel to Receive .5B in Federal Funds for Semiconductor Projects

Commercial

Intel to Receive $8.5B in Federal Funds for Semiconductor Projects

Intel plans to invest more than $100 billion in its U.S. chip manufacturing capabilities. Image courtesy of Intel Corp. Intel plans to invest more than $100 billion in its U.S. chip manufacturing capabilities. Image courtesy of Intel Corp. Intel plans…

Commercial

$1B Hollywood Star to Rise on Sunset Boulevard

Designed by Foster + Partners, The Star aims to attract Hollywood’s top content creators. Image courtesy of The Star LLC and Foster + Partners Designed by Foster + Partners, The Star aims to attract Hollywood’s top content creators. Image courtesy…