Globest Sectors

Aventura Mall Venture, an affiliate owned by Turnberry Associates and Simon Properties, secured the financing provided by JPMorgan Chase Bank, Wells Fargo Bank, Deutsche Bank and Morgan Stanley Bank.

The seller has invested more than $5.4 million in capital improvements since 2007, and the well-maintained property includes a recently renovated on-site conference center and café and 1,288 underground parking spaces.

Industrial is expected to continue to prosper as the economic outlook remains optimistic, with both crude oil prices and the rig count showing steady improvement year-over-year, up 25.6% and 17.3%.

Xebec's approach in Lakeland is a regional distribution strategy, which complements its focus on intermodal logistics, along with its national plan to grow its Texas asset base for long-distance transport.

Keeping with the Port of Long Beach's major modernization efforts, Toyota Logistics Services submits a draft study to reconfigure its terminal.

Regency Plaza is currently 99% leased. Other tenants at the property include: Chuck E. Cheese, Coco Beauty Supply and Sakura Buffet. The property was originally built in 1973 and renovated in 2011.

Commercial construction totaled $23.8 billion between 2013 and 2017, yielding a total of more than 73 million new square feet of space. The last three years showed the strongest growth, with each year topping $5 billion and 16 million square feet of new commercial construction.

“40% of Generation Z said that working Wifi was more important to them than working bathrooms.”