Commercial

Kelvin Tetz and Mike Kamienski A recent real estate market economic update webinar hosted by Baker Tilly painted a complex picture for real estate investors, developers and industry professionals. Here are our key takeaways from the informative session featuring Ken…

Paradise Esplanade is adjacent to the famous Las Vegas Strip. Image courtesy of JLL Paradise Esplanade, a 58,727-square-foot shopping center in Las Vegas, has changed hands for $46.4 million. Litwin Management purchased the asset from Eagle Group, with the help…

The Ranch, a $1 billion, 295-acre, mixed-use project in Gilbert, Ariz., is set to break ground in the fourth quarter after receiving final entitlement approval this week from the city’s planning commission. The Ranch will feature 34 acres of retail,…

Vertex Pharmaceuticals inked the biggest commercial lease in Boston at the time to occupy the 1.1 million-square-foot campus. Image courtesy of Vertex Pharmaceuticals A joint venture managed by The RMR Group has secured a $1 billion refinancing loan for a…

The portfolio includes the two-building data center campus at 45761 Maries Road in Sterling, Va. Image courtesy of Yardi Research Data Blackstone has secured a $550 million CMBS refinancing loan backed by a 10-property, 1.7 million-square-foot data center collection spread…

Outside of the IOS sector, Brennan invests in the traditional industrial market as well. Last year, it purchased this 17-building portfolio in DuPage County, Ill. Image courtesy of Brennan Investment Group Barings has formed a joint venture with Brennan Investment…

Clockwise: Julie Whelan, CBRE’s Global Head of Occupier Research; Lenny Beaudoin, Executive Managing Director, Global Workplace Design and Occupancy; Manish Kashyap, Global President, Leasing, Advisory Services; Jamie Hodari, CEO of Building Operations & Chief Commercial Officer during a pre-release media…

As leasing slows, many facilities focus on optimizing existing space and streamlining operations amid shifting trade conditions. Image by Tiero/iStockphoto.com The U.S. industrial market is recalibrating following an unprecedented wave of development and shifting trade dynamics. According to Yardi Matrix’s…

Pivotal Manufacturing Partners has purchased nearly 140 acres of land in Hawkins County, Tenn., within Phipps Bend Advanced Nuclear Plant. Concurrently, the real estate investment platform executed a long-term ground lease with polysilicon manufacturer Highland Materials, which plans to pour…

The 1.3 million-square-foot tower rises 56 stories. Image courtesy of M-M Properties Wright Close & Barger LLC has signed a 41,000-square-foot headquarters lease at TC Energy Center, a 1.3 million-square-foot office tower in Houston. Newmark arranged the deal on behalf…