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LOS ANGELES—The developer sells a creative office property for $49 million after investing a total of $25 million to buy and renovate the original building in 2013.
PHOENIX—The Arizona division of The New Home Company marks a strategic expansion into the Phoenix market and its initial community will consist of 68 home sites in the former Mountain Shadows resort in Paradise Valley, AZ.
LOGAN TOWNSHIP, NJ—In its farthest reach into the deep south of New Jersey, J.G. Petrucci has acquired a 76-acre land parcel adjacent to the Pureland Industrial Complex in Logan Township, NJ, where company president Jim Petrucci says the firm is likely to build a single 800,000 square-foot distribution complex.
A multifamily property in Glendale sells nearly $2 million over asking with a 15-buyer bidding war—a sale that illustrates investor migration to the tri-cities market.
WASHINGTON—Outside-the-box amenities like rock walls and ping-pong tables won't be around for long if they don't prove to be an efficient use of space for companies, Colliers' Karen Whitt and Jason Meldhof tell GlobeSt.com <b>EXCLUSIVELY</b>.