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WASHINGTON, DC—Given that just one-quarter of the construction jobs lost during the recession have been recovered, Cassidy Turley sees “a disconnect between what is currently being demanded by the economy in terms of space and what is currently being supplied.”
PHOENIX—CBRE has completed the sale of the Phillips-Edison Fund IV Portfolio. The nine-property retail portfolio sold for $150 million and totals over 1.35 million square feet. It includes grocery-anchored Village Center in Phoenix.
JACKSONVILLE, FL—CBRE's Collis McGeachy tells GlobeSt.com's Jennifer LeClaire what he sees going on in Jacksonville's retail market and what to expect in the quarters ahead in this <b>EXCLUSIVE </B> two-part interview.
MIAMI—“The product available in Biscayne Beach is superior compared to competing condominium properties in the Edgewater area and the Miami mainland,” Kevin O'Grady at Cohen Financial.
ATLANTA—Locally-based restaurant chain Chick-fil-A has signed a long-term lease to fully occupy a 111,252-square-foot building being developed by Lincoln Property Company Southeast at the Airport West Distribution Center here.
JERSEY CITY, NJ—Gebroe-Hammer Associates has arranged the $21 million sale of a four-property Hudson County multi-family portfolio, with units located throughout Jersey City and Hoboken. Nicholas Nicolaou, GH vice president and the firm's Hudson County market specialist, exclusively represented the seller, a long-time Gebroe-Hammer client, and the buyer, a private investment group with additional holdings throughout Hudson County. More than 20 competitive offers were submitted for the 159 apartment-unit and six commercial-unit portfolio.