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CHICAGO—Many developers of big box facilities have concentrated on constructing buildings of about 300K, but now they might be getting ready for ones with more than 600K.
NEWARK, NJ—Rugby Realty Co., which is planning $20 million in improvements at Three Gateway Center in downtown Newark, NJ, has named Newmark Grubb Knight Frank as the exclusive leasing agent for the 47-percent occupied property.
PHILADELPHIA, PA—Eric Blumenfeld's EB Realty Management has hired CBRE to seek retail tenants for more than 35,000 square feet of retail space within the redevelopment projects at The Divine Lorraine, The Met Opera House, The Studebaker Building, and the Mural Lofts.
SOUTH HACKENSACK, NJ—A fencing school's students will be parrying thrusts in 13,000 square feet of industrial space leased to it by NAI Hanson at 60 Saddle River Avenue in South Hackensack, New Jersey.
ST. LOUIS—The new venture will concentrate on serving property owners looking to get some liquidity in a fast and efficient way from accredited investors.
AUSTIN--Thrive FP, an Austin-based commercial real estate investment and lending firm, is launching a new, $50-million fund called Thrive Lending Fund LLC to ramp up its private-lending business throughout Texas.
LAKE FOREST, CA—New entity will acquire, develop, own, and manage real estate assets in California, Nevada, and Arizona to enhance community development.
SCOTTSDALE, AZ—Paul Kluck of CBRE provides an insightful look into the outlook for this new and controversial addition to the industrial's sector's revenue opportunities.