The facility adjoins an industrial property the partners acquired in 2022.
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This portfolio includes industrial, office and flex properties.
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Virginia Gateway features strong sales and high traffic counts in an affluent market.
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Secured by part of the REIT’s MOB and life science portfolio, the funds will be used to redeem certain senior notes.
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New York Life originated $79 million in acquisition financing.
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WeWork formerly occupied the space, which totals more than 50,000 square feet.
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The U.S. subsidiary of a Korean conglomerate is acquiring 142 acres for the project.
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The market is the most active nationwide, with some 42 million square feet underway, the latest CommercialEdge data shows.
The post Top 5 Industrial Properties Under Construction in Phoenix appeared first on Commercial Property Executive.
Don’t miss fresh insights into this month’s featured topics.
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Foundation Medicine, the largest life science organization to move to the city since 2011, anchors the property.
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This building previously sold for $49 million in 2016.
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Plans call for a $7 billion master-planned development in the North Valley.
The post Mack Real Estate to Develop 2,300 Acres Near Phoenix appeared first on Commercial Property Executive.
An HVAC specialist is taking space at both industrial properties.
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JLL's Doug Mackenzie brings his knowledge and expertise about a game-changing innovation for CRE to the podcast.
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W. P. Carey owns the property currently converted to life science use.
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Scannell Properties sold the fully occupied asset.
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While short-term hurdles remain, the CRE sector appears poised for long-term gains.
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By at least three metrics, commitments from the legal sector are moving in positive directions.
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Where are these trends heading? The latest update from Northmarq.
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Capital One provided more than $205 million for this project.
The post PMB Tops Out 230 KSF Bay Area MOB appeared first on Commercial Property Executive.
