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WEST WINDSOR, NJ—New office construction is rare in the current commercial real estate market, and mid-size build-to-suit opportunities are even rarer still. Mountain Development Corp. and Gottesman Real Estate Partners are aiming to change that with an office building ready for construction in West Windsor.
DALLAS—June continued the longest run of rent growth exceeding 5% in at least six years; “tight occupancy is why landlords can push rents higher,” says Axiometrics' Stephanie McCleskey.
RICHMOND, VA—Apple Hospitality REIT, Inc. reports it has closed on the acquisition of one hotel in Florida and two hotels in California for a combined purchase price of approximately $103 million.
CHICAGO—The NCREIF Property Index is back above 3.0% and investment sales volume is near 2006 levels. But both metrics have seen dramatic ups and downs since GlobeSt.com launched in 2000.
DALLAS--Goddard Investment Group, the privately held commercial real estate firm and owner of downtown skyscraper Fountain Place, has announced that Hunton & Williams law firm has signed a long-term lease extension.
AUSTIN--Karlin Real Estate has sold a 302,604-square-foot industrial building located at 13201 McCallen Pass in north central Austin to General Motors. Terms of the sale were not disclosed.