85,241-SF Industrial Lease Signed in Phoenix
AZ Big Media Okland Construction has agreed to lease an 85,241-square-foot industrial building at 2525 West Corporate Center Drive within the 17 North Corporate Center development in Phoenix. The construction manager was represented by DAUM Commercial Real Estate Services,...
Southern Region of U.S. Accounts for More Than Half of Multifamily Construction Starts in 1Q
The Southern region of the country saw 53,000 apartment-unit starts in the first quarter of this year, accounting for more than half of the 103,000 units that broke ground nationally, according to the U.S. Census Bureau.
Continued Occupancy, Cash Flow Issues Prompt Manhattan Office Loan’s Transfer to Special Servicing
Commercial Real Estate Direct Staff Report The $37.5 million loan against the 58,850-square-foot Ditson Building in Lower Manhattan has been transferred to special servicing due to imminent default. The loan, securitized through BANK, 2018-BN13, pays a fixed rate of...
Auto Parts Company Signs $42Mln Lease Near Los Angeles
Rentv.com Titanium Plus Auto Parts has agreed to lease a 522,300-square-foot industrial property within the Chino South Industrial Center in Chino, Calif. The auto parts distribution company is taking the space from the property's owner, Invesco, in a deal...
Lease Renewal, Expansion Signed at Chicago Office Backing Troubled CMBS Debt
Crain's Chicago Business Stripe has agreed to renew and expand its lease at the 1.3 million-square-foot office property at 350 North Orleans St. in Chicago. The online payment company, which had been in 89,000 sf, will now lease 222,000...
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