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…
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…
Loan originator David Brody with Eastern Union arranged $12 million toward the refinancing of a one-story, 35,210-square-foot industrial building in the Williamsburg section of Brooklyn. The property is currently net-leased by the City of New York. The refinancing carried a 65% loan-to-value…
Foundry Commercial has acquired a two-building, 338,301-square-foot office campus in Fort Mill, South Carolina. The company purchased the campus for $15.8 million and plans to redevelop it into an industrial park. Patrick Gildea, Matt Smith, and Robert Hardaway of CBRE’s…
Lee & Associates has negotiated a new 444,600-square foot, long-term lease for John B. Sanfilippo & Son, Inc. (JBSS) at Venture Park 47, 12300 Jim Dhamer Drive, in Huntley, Illinois. This transaction marks the largest industrial lease of the second…
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…
A joint venture partnership between Oak Brook-Illinois-based real estate investor Clear Height Properties and Harbert US Real Estate, an investment strategy sponsored by Harbert Management Corporation, has acquired a 64,340-square-foot, single-tenant light industrial building at 9999 Virginia Avenue in Chicago…
Net lease cap rates have risen again in the second quarter of 2024, with average caps increasing by 12 basis points quarter-over-quarter to 6.27%, B+E reported. Also up are the average times on the sale market, which increased by 0.8…
DAUM Commercial Real Estate Services has completed the sale of a 49,561-square-foot industrial building at 1141 California Ave. in Corona. The sale price was $15.99 million. “The sale of this property was the culmination of a yearlong project with our client…
KKR has acquired a two-building Class A logistics property in the Nashville Airport submarket. KKR paid $76.2 million for the industrial campus, or $186 a square foot. The firm financed the purchase with a $42 million loan from Forethought. The…
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