Takeda has broken ground on a $230-million expansion of its Los Angeles production facility. It’s the Japanese pharmaceutical company’s largest plasma fractionation site globally, and the expansion is expected to increase production by two million liters annually. The expansion will…
An estimated $332 billion in potentially troubled commercial real estate debt is scheduled to mature this year, approximately one-quarter of a total of $1.3 trillion potentially troubled debt coming due between now and 2033, Newmark reported. Although loans tied to…
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A new boutique hotel has taken up in Athens where the Southern Manufacturing Company made denim in 1902. The 50-room Rivet House is part of the historic Southern Mill development, a four-building, 160,000-square-foot property. Jessica Whitley designed the hotel, leaving…
Pharmaceutical company Kyowa Kirin plans to invest up to $530 million to build a new manufacturing facility in Sanford, North Carolina. The 171,700-square-foot, two-reactor facility will accelerate the company’s development and production of biologic therapies for patients with rare and serious diseases. The…
The site where the Downtown Raleigh train station once stood has been rezoned and is primed for redevelopment. North Carolina Railroad Company is moving forward on building a nearly 30,000-square-foot building where the depot parking lot was. The building will…
Industrial Realty Group (IRG) announced that Amazon has fully leased a 225,882-square-foot building at 33815 Weyerhaeuser Way S. at Woodbridge Corporate Park in Federal Way. The deal marks a major milestone in IRG’s revitalization of the former Weyerhaeuser campus, which…
Office and retail CMBS loan defaults drove the overall default rate higher in 2023, Fitch Ratings said Tuesday. The total annual and cumulative U.S. CMBS loan default rates for 2023 increased to 0.9% and 18.5%, respectively, from 0.3% and 17.9%…
B+E, an investment brokerage firm specializing in net lease real estate, announced the sale of a FedEx Ground distribution facility in Portland’s Swan Island Industrial Park for $32.5 million. The cap rate establishes the 2024 benchmark cap rate for FedEx….
EQT Exeter paid $36.25 million ($125/square foot) for an office/industrial portfolio within Satellite Place at Commerce Ave in Duluth, Georgia. The portfolio, spanning 289,921 square feet, is a collection of four flex industrial /R&D/office buildings. The offering comprises three industrial…
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