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NASHVILLE—The merger agreement between Bridgestone Retail Operations and Pep Boys, creating an auto-service chain with 3,000 locations, comes more than three years after the collapse of a deal to take Pep Boys private.
PHILADELPHIA, PA —Avison Young has made several appointments in its Philadelphia office. Jacy Bracaliello has joined as director of business development; Terry Meistering has joined as a senior project manager; digital communications specialist Tyler Skroski has joined as marketing coordinator; and attorney Ryan FitzPatrick was named a team associate.
NEWARK, NJ—Hollister Construction Services has completed a new 127,000-square-foot freezer warehouse as part of the second phase of Newark Farmer's Market on Cornelia Street in Newark, NJ.
ELIZABETH, NJ—Sitex Group has added two more properties to its growing Northern New Jersey portfolio, with the purchase of a 30,000 square-foot warehouse in Carlstadt and a 43,000 square-foot multitenant facility in Elizabeth.
CHICAGO—The exit of the internet search giant left a big hole, which the owners have quickly filled with the type of tech firms that have long called River North home.
CHICAGO—Although the suburban vacancy rate remains elevated, select class A properties are helping to drive absorption, and out-of-town investors are ready to buy.
BOSTON—WS Development, which owns approximately 500,000 square feet of existing or in development retail space at the Seaport, has paid $359 million to shape its vision for the district, which could include up to 2.8 million square feet of mixed-use space.
WASHINGTON, DC—“Markets remain pretty tight, even as new apartment construction continues to increase,” says Jay Obrinsky at the National Multifamily Housing Council on the council's latest survey of senior industry executives.