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The partnership plans to construct a modular 110,000-square-foot, Class A, mixed-use development that will feature 131 multifamily units and approximately 8,600 square feet of retail space at the quarter-acre site.
JLL has agreed to acquire Peloton Commercial Real Estate, a leasing and property management firm based in Texas, bringing more than 130 Peloton professionals to JLL.
NAI Partners' Investment Fund has officially closed on its first Fund III acquisition, Point West Business Park, a 146,000-square-foot flex industrial park located south of the Westchase District in Houston.
Alexandria was selected by Seattle to develop an approximately 800,000 rentable-square-foot mixed-use innovation campus, and the firm will include $5 million toward initiatives to address homelessness.
Wharton Industrial and Walton Street plan to invest upwards of $10 million to completely transform the site, which it will rebrand as "SoPhi (pronounced, Sōfee) Logistics Center."
The opening of the New Jersey India Center kicked off the governor's seven-day, six-city economic mission trip to India. Governor Murphy is the first governor in New Jersey history to visit India on official business.
Locally-based developer Bijou Properties and partner Intercontinental Real Estate Corp. of Boston, who previously teamed up for the development and successful lease-up of Vine at 900 Monroe Street, recently announced the marketing campaign for 7 Seventy House, which also includes approximately 25,000 square feet of ground floor retail space.