News

JLL Income Property Trust's latest purchase totals 160,000 square feet and is anchored by grocer Stop & Shop.

Commercial real estate lending and investment advisory firms Greystone and Philadelphia-based Rittenhouse Realty Advisors have announced they are combining their capabilities to form a joint venture to bulk-up their offerings to focus on the Mid-Atlantic and Northeast regions.

The initiative valued at least $1.4 billion in connection with the expansion of its operations in Cumberland, Dauphin, Northampton and Philadelphia counties will involve investment in building renovations, equipment, and infrastructure improvements at each of the locations.

The Lake Oswego, OR-based firm's Illinois branch will occupy the entire seventh floor of the 351,425-square-foot building at 21440 W. Lake Cook Road.

The deal is expected to close on or around Feb. 4.

The deal brokered by CBRE involves Arc's move this April from its current administrative offices at 1465 Route 31 South in Annandale to the 277,000-square-foot property owned by Shelbourne Global Solutions of New York City.

Commercial real estate finance company Walker & Dunlop has acquired capital markets advisory firm AKS Capital Partners in an initiative to grow its offerings to service the capital markets sector.

With its lease of 343 Murray Hill Parkway, Axis Global Logistics will be able to service its growing client base in the New York City metropolitan market, according to NAI James E. Hanson.