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NEW YORK CITY—New CMBS issues in February maintained the momentum established at the start of the year for both volume and spread levels, Trepp said Tuesday.
CHICAGO—Panasonic Corporation of North America has just signed a big lease at the suburban development, bringing GlenStar another step closer to its goal.
CHICAGO—The industrial vacancy rate has plunged, new spec buildings get quickly leased and in general landlords no longer have to grant many concessions.
CLEVELAND—This city's downtown is undergoing a renaissance, but in many ways it is geared toward residential users while office users look to the suburbs.
FREEHOLD, NJ–Triangle Equities has closed on a $7.5 million loan with CIBC (Canadian Imperial Bank of Commerce) for its 62,000-square-foot retail property, Freehold Raceway Village, in Freehold, NJ. This follows a successful recapitalization of the shopping center in which Triangle took on $5.5 million in debt from the previously existing owner.
OLD BRIDGE, NJ—The Kislak Company, Inc. facilitated the acquisition of Parkway 120, a five story class “A” office building with more than 200,000 square feet located at 90 Old Matawan Road in Old Bridge, Middlesex County, NJ, by introducing the lead equity investor to the partnership that purchased the property.
HUNTINGTON BEACH, CA—The triple-net-leased drugstore sold for $16 million, or $1,162 per square foot, both record prices for a Walgreen's drugstore sold in California.
NEW YORK CITY—With capital chasing core assets, success for private equity globally means “continuing to identify new holes in the market to fill or accepting a greater appetite for risk,” says EY.