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MIDDLEBOROUGH, MA—Calare Properties has acquired three fully-leased industrial buildings totaling 273,000 square feet in the Campanelli Business Park for $25.375 million.
CHICAGO, KANSAS CITY—The building will cater to smaller tenants, many of which may be attracted to the metro area due to the expansion of the auto industry.
NEW YORK CITY—“CMBS cannot afford to repeat the 2008-2009 experience,” says Huxley Somerville at Fitch Ratings, noting key similarities as well as key differences between the two cycles.
LOS ANGELES—Discount grocer Grocery Outlet Bargain Market will open 14 stores in Los Angeles December 2015 through 2016 as part of the company's massive expansion.
PHOENIX—The 292 luxury apartment units will house approximately 400 residents when completed in early 2016, with rental rates ranging from $1,100 to $2,400 per month.