Globest Sectors

Oxford Properties released on-trend plans to transform the former warehouse terminal into a modern workspace.

The new development will set the tone for future projects in the Chosewood Park neighborhood.

Encore Capital Group has leased 100,000 square feet at Ampersand, the new 340,000-square-foot creative office build in the former Union-Tribune building.

The land purchased by Katy Independent School District is located off of Katy Hockley Rd., sharing two borders with Newland Communities' master-planned residential community, and is west of Grand Parkway.

This strong pace of hiring has underpinned tenant demand for quality space, such as M-M Properties' signing of another law firm, Touchstone Bernays, at the Comerica Bank Tower at 1717 Main St.

Plymouth Industrial has also signed a definitive agreement to acquire a 1.1-million-square-foot, multi-tenant Class B industrial property in Cincinnati for $24.8 million.

Washington Prime Group says it expects to use loan proceeds to reduce outstanding balances on its credit facility and for its ongoing redevelopment efforts.

The Phoenix industrial market is growing, but with plenty of land available for industrial development, the market is unlikely to see a supply crisis.