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CHICAGO—Office market fundamentals across the US showed no signs of a slowdown in the 4th quarter, with occupancy growing at a rate 1.3 times faster than new supply.
EXTON, PA—SSH Real Estate has arranged the sale of 180 Gordon Drive, a 66,755 square foot flex building in Pickering Creek Business Park, for $7.4 million as part of a 1031 exchange.
BAYONNE, NJ—Castle Lanterra Properties has launched an academic scholarship program to provide opportunities for its tenants at the company's residential properties throughout the east, south and midwestern US. In Bayonne, the program is open to residents of the recently acquired, 544-unit Harbor Pointe on the city's waterfront.
SECAUCUS, NJ—Rugby Realty has completed its multi-million-dollar repositioning of 300 Lighting Way in Secaucus with the addition of tenant amenities including a high-tech tele-conference center, full-service cafeteria and fitness center.
CHEVY CHASE, MD—It's been a busy first week for the region. FCP has sold its first ground up development in the Triangle, Matan has secured its first lease for an industrial park under development. Condos are selling briskly at The Lauren Residences and BOMA has a new version of its energy efficiency program out.
PHOENIX—Lincoln Property Company completes the sale of a five-building Northwest Phoenix industrial portfolio to Colorado-based REIT Industrial Property Trust Inc. for $37.98 million.
YPSILANTI, MI—The recent increase in interest rates will make borrowing more expensive and give all-cash buyers like Namdar a leg up on the competition.
NEW YORK CITY—"Most of Verizon's data center assets are not the type that a buyer like, say, Digital Realty would want," says Savills Studley's Rick Drescher.