Commercial

The quarterly national average increase in construction costs in the fourth quarter was stable at 1.11 percent, clocking in at 4.69 percent year-over-year, according to Rider Levett Bucknall’s latest report, which surveys 14 key markets. Comparative map indicates the annual…

The rapid expansion of the data center sector is expected to continue in 2025, despite challenges of power constraints and demand that is outpacing supply, according to JLL’s latest outlook. Globally, the data center capacity is likely to expand 15…

Kimco Realty Corp. has purchased The Markets at Town Center, a 254,000-square-foot retail center in Jacksonville, Fla., for $108 million. Big V Property Group sold the asset, according to CommercialEdge data. The property most recently traded in 2021, when Hines…

While Bell Works is currently 98 percent leased, there’s still room for more businesses to join, said Zucker. Image courtesy of Inspired by Somerset Development Ralph Zucker, the mind behind the transformation of the iconic Bell Labs facility in New…

The five-story office property came online in 2015 and includes multiple amenities. Image courtesy of JLL Radler Enterprises Inc. has purchased Legacy at Fallbrook, a 207,029-square-foot Class A office building within Houston’s Cypress West submarket. JLL negotiated on behalf of…

The 2 million-square-foot home of News Corp. and Dow Jones is slated for a $300 million revamp. Image courtesy of CommercialEdge RXR has bought a 49 percent interest in 1211 Avenue of the Americas, a nearly 2 million-square-foot office tower…

Chandler Medical Pavilion is fully leased by a single tenant. Image courtesy of JLL Montecito Medical Real Estate has acquired Chandler Medical Pavilion, a 65,931-square-foot outpatient facility in Chandler, Ariz., for $30 million. JLL’s Medical Properties Capital Markets team brokered…

Cherokee Commerce Center 85 will include five buildings between 211,000 and 1.7 million square feet. Image courtesy of Glenstar Logistics Glenstar Logistics has completed the first of five buildings at the $415 million, 290-acre Cherokee Commerce Center 85 in Gaffney,…

CIP Real Estate has purchased Broadway 101 Commerce Park, an 809,230-square-foot Class A industrial park in Mesa, Ariz. Canyon Partners Real Estate LLC—the real estate direct investing arm of Canyon Partners LLC—sold the multitenant campus for $168.3 million. Broadway 101…

Another data center project, PowerCampus Dallas, is currently under construction 24 miles from the GigaPop site. Image courtesy of Skybox Data Centers Lincoln Property Co., Gigabit Fiber and Tradition Holdings have formed a partnership for the development of a data…