Chartwell Real Estate Development completed the $27.8-million purchase of Park Pacific Shopping Center, a grocery-anchored retail property in the heart of Hermosa Beach. Located at 1100 Pacific Coast Hwy., the 49,911-square-foot shopping center is currently home to notable tenants including Trader Joe’s, Starbucks,…
Woodmont Industrial Partners has fully leased 2 Terminal Rd. in Lyndhurst, NJ. The tenant, Nemo Tile, LLC, will occupy the 30,046-square-foot warehouse and distribution facility, located at the intersection of Routes 3 and 17, on a 65-month term. Lee & Associates’…
A joint venture of Harbor Associates, LLC and F&F Capital Group has acquired Highlands Corporate Center, a Class A 211,000-square-foot, five-building multi-tenant office campus in San Diego. Deal terms were not disclosed. Located at 12730-1278 High Bluff Dr. in Del Mar…
Cosm is difficult to explain in words. During a screening of the Sept. 28 Louisville-Notre Dame college football game, fans throughout the three-tiered stadium seating at Cosm Dallas FaceTimed with friends and family to offer a glimpse of the spectacle,…
Drawbridge Realty has acquired 2220 Colorado Ave., a 225,773-square-foot headquarters building in Santa Monica’s Silicon Beach neighborhood, for a reported $185 million. The building is 100% triple-net leased to Universal Music Group (UMG) as its operational headquarters. “This is a…
Numerous professional sports teams have developed sports and entertainment districts adjacent to where the teams play. Now, a major college hopes to imitate the success of those developments. Carter and Front Street Capital, in partnership with the City of Winston-Salem…
J.B. Hunt Transport bought 34 acres at 8329 OId Dowd Road, near the Charlotte airport, from Strategic Real Estate Partners for $10.75 million. The Charlotte Business Journal reports that Strategic may be planning to develop a 260,000-square-foot industrial building at…
Children’s Health and UT Southwestern Medical Center broke ground on a $5 billion pediatric health campus to replace the existing Children’s Medical Center Dallas. The new campus will encompass more than 4.7 million square feet of construction, including a new pediatric hospital as…
Driven by the retail sector, the Trepp CMBS Delinquency Rate continued its uphill climb in September 2024, rising 26 basis points to 5.70%. Although most of the major property types contributed to the rise in the overall rate, retail contributed to about…
The Dilweg Cos. turned ThExchange office park in Charlotte over to Ares Management, the Charlotte Business Journal reported. The property’s $68.6-million loan matured in May and became nonperforming that same month. Ares initiated foreclosure proceedings on the property at 5510…
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