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FORT WORTH--Transwestern Investment Group (TIG) has acquired a Cultural District-area asset on behalf of Diversified International Partners. CBRE in Dallas brokered the transaction of 550 Bailey, a 122,828-square-foot, seven-story office building.
LOS ANGELES—Chicago-based developer Bridge Development Partners opens its first West Coast office in Los Angeles, and hires Brian Wilson as principal to oversee the region.
LOS ANGELES—The Mani Brother buy a three-story, 89,365-square-foot office complex in Playa Vista for $48 million, with plans to completely renovate the property.
MIAMI—"We see the strength and growth potential of Florida's commercial real estate market, and we're excited to expand our presence in the region with the addition of these talented individuals," says Gregg Gerken, head of TD Bank's Commercial Real Estate business.
PHOENIX—The apartment industry emerged as one of the strongest sectors coming out of the Great Recession, and a new study shows just how much the Phoenix economy benefited from the rental boom.
CINCINNATI—This is the largest lease transaction completed in Northern Kentucky so far this year, and bulk product in the market has hit its lowest vacancy rate in a decade.
MIDDLETOWN, PA–Woodmont Industrial Partners is celebrating the grand opening of 200 Capital Lane, a 400,000-square-foot LEED certified warehouse facility that is the newest addition to Capital Logistics Center. The industrial park is a six-building, 1.55-million-square-foot industrial complex that is situated on more than 100 acres in Middletown, PA.