Corporate Real Estate

News

Bridge Acquires Lenox Park Office Campus in Buckhead

Steve Lubetkin | August 09, 2018

This acquisition brings Bridge’s year-to-date total to nearly 4 million square feet of office space closed.

News

Colliers Uses Ten-X Online Platform In Piscataway Office Sale

Steve Lubetkin | August 09, 2018

Colliers used Ten-X and its own proprietary investor database to market the property, resulting in 10 qualified, active bidders and the execution of 135 confidentiality agreements.

News

Georgia Heights Mixed-Use Project Fully Leased

Steve Lubetkin | August 03, 2018

“With this property situated in the heart of the state’s largest college town, space at Georgia Heights will always be in demand."

Research

Audio: Atlanta Office Market Expansion Slowing to 'New Normal'

Steve Lubetkin | August 01, 2018

In our exclusive audio interview, NKF's research director Marianne Skorupski says rising office vacancy rates could be a sign that the expansion mode has ended, or at least is taking a breather.

Tech Should be an Aid, Never a Substitute

Natalie Dolce | July 31, 2018

Those thoughts are according to Chris Breeden, director of property management at Seven Oaks Co. in Atlanta, who recently talked with GlobeSt.com about some of the holes landlords may have created through the rise of property management technology.

Shorenstein Lands Trio of New Tenants at Bank of America Plaza

Steve Lubetkin | July 31, 2018

The 55-story tower, the tallest in the Southeast, recently underwent a $10 million renovation to the building’s West Wing that delivered an array of premier amenities.

Teva Takes 345K SF at MCCBLUE in Parsippany

Steve Lubetkin | July 25, 2018

MCCBLUE is a class A commercial office complex composed of four four-story buildings connected by a grand atrium.

Commentary

Kumbaya

Anthony J. LoPinto | July 24, 2018

Team play and collaboration are buzz words that have been the standard by which most companies have built their organizational strategy. Taken to an extreme, collaboration causes stress, frustration and inefficiencies.

News

Edison Properties Adds 1160 Raymond Blvd. to Parking Portfolio

Steve Lubetkin | July 23, 2018

“24-hour parking demand is increasing, commensurate with stepped-up downtown multifamily and hospitality development,” says Cushman & Wakefield's Ryan Larkin.

Global Logistics Firm Leasing 110K SF in Kearny, NJ

Steve Lubetkin | July 19, 2018

“Mainfreight’s decision to take industrial space at 50 Cable Drive is a testament to northern New Jersey’s extensive transportation network, population density and educated workforce,” says CBRE's William Waxman.

News

CBRE Adds to Valuation & Advisory Team In Atlanta

Steve Lubetkin | July 18, 2018

At CBRE, new EVP Doug Main (pictured left) will lead the national practice of waste management, environmental, mines, alternative energy, and complex matters for VAS.

Commentary

Transforming Your Office While Protecting Your Bottom-line

Bob Garcia and Robin Weckesser | July 17, 2018

It is critical to engage the right specialists to customize solutions, mitigate risks, and optimize value, since hundreds of thousands of dollars lie in the balance.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | July 13, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

How to Leverage Powerful Tech Tools Effectively

Natalie Dolce | July 13, 2018

GlobeSt.com EXCLUSIVELY caught up with Chris Breeden of Seven Oaks Co. to discuss how virtual connectivity is changing how we interact with both tenants and asset owners and how to use these tools effectively in this two-part Q&A series.

Commentary

The Times Are A-Changin’ And a New Breed of Project Manager Emerges.

Robin Weckesser | July 12, 2018

It’s tough enough just to get people to embrace change and face the fear of the unknown. But dealing effectively with “pushback” can make or break a workplace transformation.

News

NJ Industrial Demand Outpaces Supply in Q2, Office Activity Jumps

Steve Lubetkin | July 12, 2018

“During the first half of the year, ongoing demand for strategic distribution locations helped drive rental rates to historically high levels,” says Colliers International's David A. Simon.

Physical Environment Affects Patient Care

Lisa Brown | July 11, 2018

Without a facilities management team in place, compliance risk needs, and aging healthcare facilities and infrastructures leave the potential disruption to patient care at a high rate.

Commentary

Reduce Property Taxes Through Acquisition and Capital Project Planning

Michelle DeLappe, Esq. and Norman J. Bruns, Esq. | July 10, 2018

Savvy commercial real estate professionals keep property-tax planning on their checklists for acquisitions and capital projects.

Capitol Seniors Builds Active Living MF in Cinnaminson

Steve Lubetkin | July 10, 2018

“Siena is indicative of active living communities, a rapidly growing subsector of senior living that appeals to adults ready to downsize, live near neighbors like themselves, but not quite ready for the more traditional independent senior living community,” says Michael Hartman, principal – active living, Capitol Seniors Housing.

Chemical Co. MAPEI Adds Georgia Warehouse Location

Steve Lubetkin | July 09, 2018

With the Calhoun facility and another location in Florida, MAPEI Corporation operates 13 plants and warehouses in the United States.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | July 06, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

C&W Reports Historic NJ Industrial Fundamentals

Steve Lubetkin | July 06, 2018

One Stop Logistics’ 369,294-square-foot lease at 83 Stults Road in South Brunswick (pictured) was one of the largest commitments this quarter, says Cushman & Wakefield.

Five New Tenants Leasing at Secaucus Flex Property

Steve Lubetkin | July 05, 2018

“Demand for high quality flex space in Secaucus is strong, and 1 County Road is meeting the demand with a compelling product and superior location,” says CBRE’s Kevin Dudley.

Perth Amboy Cold Storage Facility Sold to Broadstone Net Lease

Steve Lubetkin | July 03, 2018

“Investors responded very favorably to this offering given the uniqueness of the asset and the property’s superb location,” says HFF's José Cruz.

$75M Old Fourth Ward MF Sale Sets New Record for Atlanta

Steve Lubetkin | July 03, 2018

Old Fourth Ward’s booming growth has been spurred largely by the Atlanta BeltLine, which is responsible for 30,000 permanent jobs and nearly $10 billion in economic development.

Middle Market Digest – The Northeast

Steve Lubetkin | June 29, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

News

Oxford Realty Group Acquires 152-Unit Highland Park MF Property for $30M

Steve Lubetkin | June 29, 2018

Highland Park is highly desirable to executives and academics with families because it is trendy with a thriving arts and dining scene, according to Gebroe-Hammer's Joseph Brecher.

News

Spring at 8th Gets GA’s First LEED Platinum Core & Shell

Steve Lubetkin | June 28, 2018

“Environmental sustainability is a key part of NCR’s commitment to the prosperity of our employees and our community in Midtown Atlanta," says Andrea Ledford of NCR, which occupies the property.

News

Data Center Opens in Alpharetta High-Tech Hub

Steve Lubetkin | June 27, 2018

“Tenants will find great value in the impressive, long-term energy economics, highly reliable infrastructure, Ascent’s personalized, around-the-clock support, secure location and enterprise-grade data center,” says Phil Horstmann, CEO of Ascent.

News

Store REIT Sells Pittsburgh Asset in 1031 Exchange

Steve Lubetkin | June 26, 2018

A private East Coast buyer in a 1031 Exchange purchased the asset free and clear of existing financing.

Bentall Kennedy Buys Kearny Square Retail Center

Steve Lubetkin | June 25, 2018

A multifamily project under construction nearby will bring in additional young professionals and other consumers to the center, says Cushman & Wakefield's Andy Merin.

Dilweg Repositioning Atlanta Midtown Office

Steve Lubetkin | June 25, 2018

“1375 Peachtree is a truly unique property and we’re very excited to transform it into an office asset with modern, state-of-the-art amenities," says Jerry Banks, managing director for the Atlanta region at Dilweg.

Middle-Market Digest

Middle Market Digest – The Northeast

Steve Lubetkin | June 22, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Weiss Realty Acquires Fairfield Business Center from Denholtz for $30M

Steve Lubetkin | June 22, 2018

"Strong demand for industrial space in the Suburban Essex submarket and high occupancy at the portfolio made this an ideal time to sell this asset,” says Stephen Cassidy, president of Denholtz Associates.

Commentary

Is the Rite Aid-Albertson’s Merger in Trouble?

Jonathan Hipp | June 21, 2018

The proposed merger has been met with mixed reactions. Find out what it means to net lease investors.

Repositioning Helps Sell High-Tech Creative Office Assets in Central Perimeter

Steve Lubetkin | June 21, 2018

Investors were attracted to the synergy among Northside Hospital and Glenridge, and the opportunity to develop the existing pad site for a variety of potential uses.

Hair Club for Men to Expand, Relocate Headquarters to Boca Raton Complex

John Jordan | June 20, 2018

The hair restoration company has signed a long-term lease for 23,130 square feet that will encompass the entire third floor and a portion of the first floor of the building.

California Firm Acquires Woodbridge, NJ, Industrial Facility

Steve Lubetkin | June 20, 2018

“Originally only available for lease, we were able to negotiate an off-market sale that closed in record time,” says CBRE's Wiliam Waxman.

Cooper Carry Design Firm Completes Barnsley Resort in North Georgia

Steve Lubetkin | June 19, 2018

The Inn at Barnsley Resort is now the largest building located on the 3,000-acre property and serves as the central arrival point for the resort.

Industrial Attention Shifting to South Jersey as Greek Launches New Logistics Facility

Steve Lubetkin | June 19, 2018

Lack of suitable class-A space elsewhere in the state and a shortage of large format buildings combine to make South Jersey more attractive, says David Greek of F. Greek Development. Listen to our audio interview.

Duke Realty Fills Last Vacancy in Recently Acquired Northern NJ Portfolio

Steve Lubetkin | June 15, 2018

“Demand for warehouse space in New Jersey continues to be strong, particularly for modern properties in close proximity to the New York metropolitan area,” says Ben Rosen, Duke’s vice president of leasing and development.

PCCP Acquires Cumberland Center II Office Tower in Atlanta

Steve Lubetkin | June 15, 2018

The seller has invested more than $5.4 million in capital improvements since 2007, and the well-maintained property includes a recently renovated on-site conference center and café and 1,288 underground parking spaces.

Uptown Square, Fayetteville Retail Center, Goes on the Market

Steve Lubetkin | June 13, 2018

With full occupancy and an 11-year projected net operating income growth of 40 percent, Uptown Square offers both stability of income and yield, says Avison Young's John Crotty

NJ Tenant Concessions Are Higher than National Average

Steve Lubetkin | June 13, 2018

“With unemployment below 4 percent, companies are focusing on making smart decisions about their space – decisions that keep their employees happy and engaged,” says Revathi Greenwood, Americas head of research at Cushman & Wakefield.

JLL Gets One Gateway Center Leasing Assignment in Newark

Steve Lubetkin | June 12, 2018

A multimillion-dollar capital improvement program getting underway includes significant street level renovations and improvements to the building’s interior concourse walkway.

Hudson Capital Making Improvements at Hudson Ridge MF in Atlanta, GA

Steve Lubetkin | June 11, 2018

The large concentration of tech workers is likely to continue supporting the rental market across the Atlanta metro area.

Middle Market Digest – The Northeast

Steve Lubetkin | June 08, 2018

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Vision JV Acquires 66-acre Morris Plains Corporate Campus

Steve Lubetkin | June 08, 2018

“Our joint venture viewed this as an opportunity to acquire a vacant high-quality asset in 185 Tabor Road at an attractive basis well below replacement cost,” says Ryan Dodge, vice president with PCCP.

Stonebridge Acquires 200-Unit Marietta, GA, MF For $24M

Steve Lubetkin | June 08, 2018

The new owners plan to spend approximately $3.2 million on a repositioning strategy, including renovation of common areas, amenities, and unit interiors.

468-Unit Suburban Atlanta MF Trades

Steve Lubetkin | June 07, 2018

Major employers locating in the Alpharetta/Roswell area are all great amenities that make the property attractive, says Kevin Geiger, vice chairman at CBRE.