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TRACY, CA—A distribution structure breaks ground with space looking more like glass-enclosed offices than a warehouse, bringing hundreds of jobs when completed.
EAST RUTHERFORD, NJ—Tenant activity was particularly strong within the Exit 8A submarket, where 3.5 million square feet of leasing activity was recorded this quarter, accounting for 38.8% of total leasing activity for Central New Jersey.
LONDON—Wednesday's decisions by Henderson Global Investors, Columbia Threadneedle and Canada Life mean that more than half the assets allocated to UK property funds are temporarily frozen.
DALLAS—HOK says the corporate office will be designed as an experience center, with co-working and general office spaces becoming more human-centric to accommodate a variety of work styles, in this EXCLUSIVE.
SCOTTSDALE, AZ—TruAmerica Multifamily acquired the 644-unit community from NY-based Abacus Capital Group in an off-market transaction valued at $80.9 million.
HOUSTON—With a much more diversified economy, Houston has been able to bounce back from seven oil busts since 1985, but the end of downstream projects will cause negative economic growth through 2017, says ULI in this EXCLUSIVE summary.
AUSTIN, TX—Companies such as Home Depot and General Motors have opened tech-focused offices in Austin to take advantage of the STEM labor force as well as the continued influx of in-migration.
NEW YORK CITY—US businesses have had good reason lately to “at least tap the brakes on expansion plans,” says Cushman & Wakefield's Kevin Thorpe. However, he adds that office fundamentals have held up well.