Globest Sectors

Evergreen Real Estate Group commenced construction on the $81-million project at 4515 N. Winchester Ave. in Chicago's Ravenswood neighborhood last week.

BioReference Laboratories is the firm's largest tenant leasing more than 227,037 square feet in Elmwood Park spread across four buildings in Alfred Sanzari Enterprises' portfolio.

KBS Real Estate Investment Trust II sold the complex to an unidentified private buyer. CBRE, which represented KBS in the transaction, identified the new owner as a private New York City-based investor backed by offshore capital.

"Wow-factor water features can also deliver bottom-line marketing value."

The strong activity illustrates the strength of single- and multi-tenant net leased assets, GlobeSt.com reports exclusively.

These funds include foreign capital, which is targeting mainly office and industrial assets, says VEREIT's Dan Lovitz.

In the fourth quarter, the near record number of apartment units delivered in Downtown Los Angeles.

East Palo Alto mayor Regina Wallace-Jones shared the city's history and a penchant for change during the 2020 CREW Network Winter Leadership Summit held last week in Santa Clara.