Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

Sky-Harbor-Center-Phoenix-AZ
AcquisitionsArizonaOfficeWestern

Cushman & Wakefield Arranges Leasehold Interest Sale of 534,849 SF Sky Harbor Center Office Campus in Phoenix

by Amy Works

PHOENIX — Cushman & Wakefield has arranged the sale of leasehold interest in Sky Harbor Center, an office campus on 37 acres in Phoenix. A private investment partnership acquired the asset for $44.3 million. Located at 825 Buckeye, Sky Harbor Center consists of five two- and three-story buildings offering a total of 534,849 square feet. The campus features a fully renovated café, coffee/juice bar, conference center and outdoor areas for seating and events, as well as surface and parking options. Bank of America has occupied the five office buildings since 1989. The ground lessor is the City of Phoenix.   Steve Lindley and Alexandra Loye of Cushman & Wakefield, along with Will Strong and Molly Hunt of the firm’s National Industrial Advisory Group – Mountain West and Eric Wichterman and Mike Coover of the firm’s Private Capital Group, represented the seller in the transaction. Cushman & Wakefield’s Jerry Roberts and Pat Boyle provided leasing advisory for the property.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsColoradoIndustrialWestern

Las Vegas Lucky Investment Acquires 59,940 SF Industrial Building in Denver for $10.7M

by Amy Works

DENVER — Malman Commercial Real Estate has arranged the sale of 11100 E. 51st Avenue in Denver. GS 51st LLC, a Colorado limited liability company, sold the property to Las Vegas Lucky Investment LLC, a Nevada limited liability company, for $10.7 million, or $178.51 per square foot. Pioneer Interests, a multi-state institutional cannabis operator, fully occupies the 59,940-square-foot industrial building. Situated on 1.5 acres, the building is zoned I-B and offers heavy power and ample parking. Jake Malman of Malman Commercial represented the seller, while Jun Zhou of Centaline Investment Inc. represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Shops-III-Rancho-Cordova-CA
AcquisitionsCaliforniaRetailWestern

Hanley Brokers $4.8M Sale of Retail Pad in Rancho Cordova, California

by Amy Works

RANCHO CORDOVA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $4.8 million sale of Shops III at Anatolia Marketplace, a multi-tenant retail pad in Rancho Cordova, roughly 13 miles east of Sacramento. Tenants at the property, which totals 5,900 square feet, include Popeyes Louisiana Kitchen, Cold Stone Creamery, Jamba and Capriotti’s Sandwich Shop. Bill Asher and Jeff Lefko of Hanley represented the seller, an entity doing business as Anatolia Marketplace LLC. Craig Lewis of Lewis Capital Advisors represented the buyer, a local private investor. 

Continue Reading
FacebookTwitterLinkedinEmail
2615-S-Bascom-Ave-835-Union-Ave-Campbell-CA
AcquisitionsCaliforniaRetailWestern

Marcus & Millichap Negotiates Sale of 5,896 SF Retail Property in Campbell, California

by Amy Works

CAMPBELL, CALIF. — Marcus & Millichap, on behalf of an individual/personal trust, has brokered the $1.8 million sale of a retail property in Campbell, a suburb of San Jose. Located at 2615 S. Bascom Ave. and 835 Union Ave., the property offers 5,896 square feet of multi-tenant retail space and ample parking. Yuri Sergunin and J.J. Taughinbaugh of Marcus & Millichap’s Palo Alto office represented the seller in the deal. The name of the buyer was not released.

Continue Reading
FacebookTwitterLinkedinEmail
35 E Wacker Drive, Chicago
AcquisitionsIllinoisMidwestOfficeTop Stories

Joint Venture Acquires 40-Story Historic Jewelers Building in Chicago

by Jeff Shaw

CHICAGO — A joint venture between The Prime Group Inc. and CRG, the development and investment management arm of Clayco, has acquired the 40-story historic Jewelers Building in Chicago. Located at 35 E. Wacker Drive, the Jewelers Building comprises 556,200 square feet of rentable office space. The building is currently 70 percent occupied. Designed by Giaver & Dinkelber, the Jewelers Building was originally built in 1926. At the time of its completion, it was the tallest building west of New York City. The building is recognized by the National Register of Historic Places. Chicago-based architecture firm Goettsch Partners recently renovated the lobby, main entry and storefronts at the property. The price was not disclosed. According to CoStar, the price was expected to be more than $70 per square foot, which would equate to approximately $39 million. However, those numbers were based on Prime’s original offer in November before CRG was brought in as a partner. The previous owner had defaulted on over $50 million in debt on the building, according to multiple sources, leading to the sale. Although Prime Group’s initial plans for the property in November called for a potential hotel conversion, that concept has apparently been sidelined. As an existing tenant …

Continue Reading
FacebookTwitterLinkedinEmail
Conference CoverageFeaturesIndustrialNorth CarolinaSoutheastSoutheast Feature Archive

Industrial Investors Are More Selective in Wake of Rising Interest Rates, Say InterFace Panelists

by John Nelson

CHARLOTTE, N.C. — Despite strong fundamentals and a plethora of buyers waiting to transact, the industrial sector is experiencing dwindling sales as the industry is still reeling from the impact of rising interest rates. The U.S. industrial sector recorded $82 billion in sales volume in 2023, a 46 percent year-over-year decline and the lowest sales volume in about six years, according to data from Matthews Real Estate Investment Services. Newmark tallies the first three months of the year totaling $16.9 billion in U.S. industrial sales volume, which would be the seventh consecutive quarter of annualized declines. Michael Brennan, co-founder, chairman and managing principal of Brennan Investment Group, said that the rising cost of debt inherently makes values a moving target even in a healthy sector like industrial real estate, especially with such a massive upswing in interest rates over a short time frame. “Interest rates are the No. 1 problem for real estate,” said Brennan. “Buyers and sellers can’t see eye to eye. And make no mistake, prices went down, though maybe not as much as we thought they would have.” The data backs Brennan up as the average price per square foot was recorded at $130 at the end …

Continue Reading
FacebookTwitterLinkedinEmail
2700-Summit-Ave.-Plano
AcquisitionsIndustrialTexas

Cushman & Wakefield Arranges Sale of 846,261 SF Industrial Portfolio in Plano

by Taylor Williams

PLANO, TEXAS — Cushman & Wakefield has arranged the sale of the Plano Industrial Portfolio, a collection of eight buildings totaling 846,261 square feet located on the northeastern outskirts of Dallas. The buildings range in size from 53,833 to 210,560 square feet. At the time of sale, the portfolio was 100 percent leased to 15 tenants with an average tenure of 10 years. Jim Carpenter, Jud Clements, Robby Rieke, Madeleine Supplee and Trevor Berry of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer was New York City-based investment firm DRA Advisors. The sales price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Leland-South-Congress-Austin
DevelopmentMultifamilyTexas

Intracorp Homes to Develop 270-Unit Multifamily Project in Austin

by Taylor Williams

AUSTIN, TEXAS — Intracorp Homes will develop Leland South Congress, a 270-unit multifamily project in the Bouldin Creek area of Austin. The property will offer studio-, one-,  two- and three-bedroom for-sale units as well as penthouses on the top level and 22,000 square feet of retail and restaurant space. Amenities will include a pool, fitness center, private garden, pet play area, private dining room, catering kitchen, library, coworking lounges and a clubroom. The design team consists of Kirksey Architecture (lead architect), Michael Hsu Office of Architecture (interiors and amenities) and Nudge Design (landscaping). Construction is scheduled to begin later this year and to be complete in 2027.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsBuild-to-RentSingle-Family RentalTexas

JLL Brokers Sale of 97-Unit Build-to-Rent Residential Property in Katy, Texas

by Taylor Williams

KATY, TEXAS — JLL has brokered the sale of Banyan Kingsland Heights, a 97-unit build-to-rent residential complex located in the western Houston suburb of Katy. Built on 27 acres in 2021, Banyan Kingsland Heights features three- and four-bedroom floor plans with an average size of 1,876 square feet. Matthew Putterman, Jim Humphries, Daniele Colbertaldo and Rhett Robins of JLL represented the seller, Los Angeles-based Banyan Residential, in the transaction. The buyer was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityOfficeTexas

Workbox Opens 50,000 SF Flexible Workspace in Dallas

by Taylor Williams

DALLAS — Workbox, a provider of flexible workspaces and coworking solutions, has opened a 50,000-square-foot facility in the Victory Park area of Dallas. Members will have access to two floors of workspace, lounges, conference rooms, open kitchens and offices for teams ranging from one to 130 individuals. A new tenant-only fitness center and daytime lounge are also expected to be completed later this month. The location is the first in Dallas and ninth nationally for Workbox.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts