Law firm Raymond James has completed the relocation of a majority of its Chicago-based associates to its new West Loop office. The 58,196-square-foot lease spans nearly two floors at 120 South Riverside Plaza and accommodates financial advisors and associates. In…
Principle Construction recently completed the construction of a new 12,560-square-foot showroom and an outdoor pool park for Doheny’s, a pool and spa distributor, at 5307 Green Bay Road in Kenosha, Wisconsin. The building totals 17,275 square feet, including the 12,560-square-foot…
ScanlanKemperBard (SKB) plans to spend more on renovating a recently purchased manufacturing facility than what the company paid for the building. Commercial Edge reports SKB bought the building halfway between Denver and Boulder for $17 million but plans to spend…
Daniel Eisenstadt Here’s a fun fact: According to the 2024 American Pet Products Association National Pet Owners Survey, 82 million U.S. households own a pet. Another fun fact? These households spent $39.1 billion in veterinarian care and product sales. Increased…
While slowing leasing activity and higher interest rates have provided a bleak outlook for some classes of commercial real estate, the New York City industrial scene is proving to be a welcome bright spot in the market. Industrial leasing in NYC…
Scout Living is now accepting guests at Atlanta’s Ponce City Market. The project features 405 one- and two-bedroom fully furnished and serviced living units from a single night to a week, a month, or longer, starting in September. Scout Living…
Prologis Inc. has filed for special exceptions to convert warehouses into data centers in Sterling, Virginia. The logistics giant is seeking permission for extra density above what the existing zoning allows for data centers at 42121 and 45181 Global Plaza,…
INDUS Realty Trust picked up a newly delivered 550,000-square-foot industrial facility that houses Dublin-based Primark’s distribution center. The property is fully leased to Primark, one of the largest clothing retailers in Europe. VanTrust Real Estate sold the recently completed project, Building…
NexPoint launched the NexPoint Small Bay II DST, a Delaware statutory trust (“DST”) offering comprised of two Small Bay industrial properties in the Orlando-Kissimmee-Sanford metropolitan statistical area (“MSA”). The offering, sized at just under $39 million, adds 378,929 square feet of multi-tenant warehousing and industrial…
The distress rate on apartment loans with CMBS financing has increased 185% year to date, according to CRED iQ. Loans in the multifamily sector began 2024 with a 2.6% distress rate—a composite of the special servicing and delinquency rates—and now…
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