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Commercial Property Executive is the leading integrated news resource for executives and companies that own, invest in, develop, lease and/or manage commercial real estate.
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The largest owner/occupier office sale in the Southwest since early in the pandemic has closed. U-Haul has purchased 20 E. Thomas Road in Phoenix, Arizona’s third tallest office tower: https://lnkd.in/eXZ_p923
Faropoint is planning the development of Joyce Kilmer Logistics Center, a two-building Class A industrial project in New Jersey’s Exit 9 submarket: https://lnkd.in/efv2NDRr
Office Report: Coworking Spaces Evolve for Post-Pandemic Needs. 🏢 The coworking pipeline saw a 7 percent growth in the third quarter of the year, with a notable shift toward smaller setups, the CommercialEdge report shows. https://lnkd.in/en6jcvzg
A major Canadian pension fund, reportedly Caisse de dépôt et placement du Québec (CDPQ), has committed $250 million for a new SL Green Realty Corp. opportunistic debt vehicle: https://lnkd.in/e8-XKtKe
Amgen will invest $1 billion to expand its drug manufacturing operation in Holly Springs, N.C., adding a second multi-drug substance plant at the site: https://lnkd.in/eyjjsgT6
Find out which firms made CPE’s annual list of the top 2024 commercial real estate developers: 🏆 https://lnkd.in/eWQXtkim
🌟 In Case You Missed It: A Top Story of the Week Law firm office leasing is maintaining its momentum. And why relocating has become less feasible, according to Savills’ latest report: https://lnkd.in/eANv38xv
🌟 In Case You Missed It: The Top Story of the Week Andrew Glanzman and Adam Gallistel have been named co-CEOs of CBRE Investment Management: https://lnkd.in/erNKXTA3
INDUS Realty Trust, Inc. has purchased a majority interest in a 4.3 million-square-foot industrial portfolio, comprising 21 buildings in Charlotte, N.C., and Charleston, S.C. Childress Klein owns The Carolinas Portfolio, now valued at $575 million: https://lnkd.in/eH8eF5eG