Commercial real estate news and analysis for the National market.
A three-tenant retail center in Raleigh has traded hands for $2.9 million, highlighting sustained investor appetite for small-bay commercial assets in the Triangle market. The 10,000-square-foot property was originally constructed in 1997.
A 13,840-square-foot retail property in Washington Court House, Ohio has changed hands in a $1.9 million transaction brokered by Cooper Commercial Investment Group. The deal highlights continued investor interest in secondary Midwest markets situated between major metropolitan hubs.
A flurry of executive appointments and corporate restructuring efforts are sweeping through California's commercial real estate sector this week. Industry analysts view the sudden turnover as a sign that major firms are urgently reshaping their leadership ranks to navigate a rapidly shifting market environment.
JPMorgan Chase is consolidating its local workforce into a 51,000-square-foot corporate hub at the Broadwest mixed-use development in Nashville. The financial giant has also secured the naming rights for the high-rise property, which will feature a new client center double the size of its previous location.
JPMorgan Chase is consolidating its workforce into a new 51,000-square-foot space at the 600,000-square-foot Broadwest mixed-use development in Nashville. The financial giant has secured naming rights for the highrise, marking a major commitment to the Tennessee market with a facility that includes a newly expanded client center.
A private family trust has successfully divested a two-property self-storage portfolio in Corning, California, transferring fully occupied assets to a local investment group. The transaction encompasses 315 units totaling nearly 52,000 net rentable square feet.
A fully occupied, 315-unit self-storage portfolio in Corning, California has successfully traded from a private family trust to a local investment group. Dean Keller of Bancap Self Storage Group spearheaded the marketing and disposition of the two combined facilities, which comprise roughly 52,000 net rentable square feet.
A new JLL benchmarking survey reveals that higher education institutions are bleeding operational efficiency due to underutilized campus footprints. The findings point to a massive opportunity for institutions to monetize excess real estate in an era of tightening budgets and shifting enrollment metrics.
A Wawa-occupied retail property at the entrance of a major Charlottesville power center has sold for $9.1 million. Cushman & Wakefield | Thalhimer brokered the ground lease transaction at the Wegmans-anchored Fifth Street Station.
A 2,325-square-foot restaurant property in Palmdale, California, has traded hands for $4.4 million, with fast-casual giant Chipotle set to occupy the space. The transaction highlights sustained investor appetite for net-leased restaurant assets in secondary Southern California markets.
Toronto-based asset manager Dream Unlimited is nearing a deal to purchase Chancerygate, one of the UK's largest industrial developers, in a move that signals continued North American appetite for British logistics assets. The acquisition would see founder Andrew Johnson exit while the existing management team remains in place.
Tratt Properties has purchased a massive 1.6 million-square-foot fulfillment center in Cookeville, Tennessee, for $140 million from Middleton Partners. The Colliers-brokered deal highlights the continued institutional demand for single-tenant industrial assets in growing secondary logistics markets.