News/Events
City National Bank of Florida Sells Former HQ in Coral Gables After Moving Out
After moving across the street earlier this year, City National Bank of Florida has sold its former headquarters in Coral Gables, Fla., for $39 million, property records show. Nonprofit hospital operator Baptist Health South Florida purchased the four-story office building at 2855 South Le Jeune Road, two blocks west of Ponce Circle Park, between Sevilla…
Westwood Financial Pays $56M for Huntington Beach, Calif., Shopping Center
Westwood Financial has bagged a grocery-anchored shopping center in Huntington Beach, Calif., for approximately $56.2 million, adding one of Orange County’s tightly held coastal retail properties to its portfolio. Real estate giant Blackstone sold the 95,416-square-foot Peninsula Marketplace for about $589 per square foot, according to records with PropertyShark. JLL announced the deal Thursday but…
Heitman, Andover Target Self-Storage With New Investment JV
The Heitman and Andover Properties joint venture launched with a portfolio of 106 self-storage properties across 16 states, with plans for expansion.
U.S. Multifamily Market Regaining Its Balance As Yearslong Supply Wave Tapers Off
The demand-supply gap has narrowed to 13,000 units, the smallest in more than a decade.
Clarion Hires Prologis Executive To Lead Power Strategy
Clarion Partners hires Magesh Srinivasan to drive new energy strategies in real estate.
Scottish Castle In Middle of Growing Controversy Over Data Centre Development
The planned demolition of a Scottish castle for a data centre has sparked controversy over digital infrastructure growth.
Interest Rate Hike Douses Outlook For Atlanta Developers
Interest rates are among the variables making it difficult for Atlanta developers to obtain rents high enough to justify construction.
Private Equity Firm Brenton Point Inks 9K SF at Marx Realty’s 10 Grand Central
Marx Realty has signed two new office deals at its 10 Grand Central property totaling 14,000 square feet, the company announced Thursday. In the largest deal, private equity firm Brenton Point Capital Partners will relocate to 10 Grand Central from 900 Third Avenue and occupy 9,000 square feet on the building’s 24th floor at an…
Global Design Firm Perkins&Will Takes 51K SF at 135 West 18th Street
Global design and architecture firm Perkins&Will has inked a 50,680-square-foot lease at 135 West 18th Street, also known as the Altman Building, in Manhattan’s Chelsea neighborhood, Commercial Observer has learned. The firm signed a 15-year lease to relocate from 1250 Broadway, and will occupy the entirety of the second through fifth floors of the Chelsea…
