Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
Dallas Ft. Worth's original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
The space in Frisco's Star Corporate Center offers a good tenant solution, given industrial land is very scarce in the northern suburbs and proximity to major industrial markets is a significant distance.
According to Avison Young, prices in Dallas increased the most out of the major industrial markets, up 20% to $85 per square foot, with New York/Northern New Jersey and Miami also recording increases.
While the decrease was only by $1 to $1,471, it still broke an upward trend in place since February 2017, according to a report by RentCafe, while the average rent in Texas is generally lower than the national average.
The asset adjacent to American Airlines Center was recently acquired by a partnership between HN Capital Partners and Dunhill Partners Inc. from seller Estein USA at an undisclosed purchase price.
The portfolio includes 38 buildings in the Chicago's submarkets of O'Hare, Lake County and Elgin. With its latest purchase, Westmount now has a portfolio of more than 6.3 million square feet of industrial space in Chicagoland.
B/K Multifamily Services will be integrated into Roscoe Property Management, and the integration of B/K's core portfolio is a big step in growing the RPM platform, says RPM founder Jason Berkowitz.
Inogen currently occupies two industrial buildings and one call center in Richardson, which will be consolidated into one space to accommodate the company's expected growth during the next 10 years.
Trez Capital and Hines recently acquired a four-building 235,400-square-foot self-storage facility, at double the size of most storage facilities and representing the first self-storage property for the partnership.