60 Clifton Blvd, 18 and 34 Gulfstream Road. Image courtesy of Triten Real Estate Partners Triten Real Estate has purchased a three-property outdoor storage portfolio totaling 13.5 acres in an off-market transaction in Port Wentworth, Ga., in the Savannah area. The deal was sourced by Triten’s head of acquisitions, Zach Dobin. The seller was Adana Capital and the portfolio is fully occupied by three drayage users. Located at 60 Clifton and 18 and 34 Gulfstream Road, the three properties are close to each other, 3 miles from Savannah-Hilton Head International Airport and Georgia Ports Authorit ..read more

Gary Kerr, Managing Director of Development, Greystar. Image courtesy of Greystar On the lookout for new development and growth opportunities, Greystar formalized its entry into the life sciences sector last year by breaking ground on 74M in Somerville, Mass., a northern suburb of Boston. The 15-story development designed by Elkus Manfredi Architects will add to the life sciences cluster forming in the bustling Assembly Square area, which already includes more than 1 million square feet of permitted projects.  “If the conditions are right, we are in a position to pounce on a project, bu ..read more

301-321 Herrod Blvd. Image courtesy of Lee & Associates GXO Logistics has signed a full-building lease at 301-321 Herrod Blvd., a 611,000-square-foot warehouse in South Brunswick, N.J., expanding its Middlesex County operations. Link Logistics is the owner of the facility. Executive Managing Director Marc Petrella with KBC Advisors represented the landlord. Partner at Lee & Associates Dave Saltzman assisted the tenant in the transaction. Link Logistics picked up the asset in 2019 from Global Logistics Properties, as part of a $18.7 billion portfolio transaction. The buyer purchased t ..read more

Whole Foods at Greenville County Square Redevelopment. Image courtesy of RocaPoint Partners RocaPoint Partners, master developer of the $1 billion Greenville County Square Redevelopment in Greenville, S.C., has signed a popular grocery chain to serve as an anchor. Whole Foods Market committed to a space on the tenant roster at the 3.5 million-square-foot, live-work-play destination. Whole Foods will be a focal point of the retail offerings at County Square, a walkability-centric project that will transform a 37-acre underutilized site in downtown Greenville. The popular natural and organic f ..read more

The UBS Tower in downtown Nashville, once of the Swiss bank’s many U.S. locations. Image courtesy of KBS Among the many ramifications of UBS‘s planned 3 billion Swiss franc ($3.25 billion) acquisition of Credit Suisse is the marriage of the two largest Swiss banks’ real estate debt books and asset management platforms. UBS will acquire Credit Suisse in an all-stock transaction, the requirement for shareholder approval of the deal having been waived. Regulators are assuring timely approval of the deal, which is slated for a second quarter close. While the anticipated combined size of the fina ..read more

Cherry Creek West. Rendering courtesy of East West Partners Developer East West Partners has tapped Cushman & Wakefield as the office leasing broker at Cherry Creek West, an upcoming mixed-use transformative redevelopment project in Denver. Vice Chairmen Nicholas Pavlakovich and Michael Pavlakovich, along with Executive Managing Director Matthew Gautreau, will spearhead the leasing efforts. Cherry Creek West will rise on 13 acres near Cherry Creek Shopping Center, formerly occupied by a parking lot. With construction slated to commence in late 2024, the materialization of this developmen ..read more

3555 Timmons. Image courtesy of Stream Realty Partners Unilev Capital has selected Stream Realty Partners to lease and market two of its Houston office buildings. Stream’s Senior Vice President Brad Fricks and Vice President Matt Asvestas will serve as leasing agents for 3555 Timmons; Vice President Matthew Seliger and Senior Associate Danielle Rothchild will head up leasing for 4550 Post Oak Place. Avestas and Rothchild also handle leasing at a 216,889-square-foot office building in Houston’s Greenspoint submarket. Stream landed the assignment in November. Two Unilev office properties Situa ..read more

Image by Herbert Aust via Pixabay The industrial sector demonstrated continued strength in 2022 and will likely do so as we continue into 2023. Despite rising interest rates and economic headwinds, more than $72 billion in industrial transactions closed in 2022, data from CommercialEdge shows. This represents a 22.5 percent decrease from the $93.8 billion closed in 2021. The average sale price per square foot averaged $130.03, an increase of 16.9 percent when compared to 2021 when it stood at $111.24. Unsurprisingly, industrial transactions were concentrated in strategically located markets ..read more

Industrious Harvard Square. All images courtesy of Industrious Industrious Harvard Square Industrious Harvard Square Industrious Harvard Square Industrious Harvard Square Industrious has opened Industrious Harvard Square, a 21,550-square-foot coworking space in Cambridge, Mass., marking the firm’s first location within the Boston submarket. The company partnered with owner Carpenter & Co. Inc. to lease the fifth floor at Charles Square, a 115,000-square-foot general office building. The new space will encompass 240 dedicated desks, 47 offices suitable for one to 20 people, four suites ..read more

As we approach the midyear mark, the economy and the commercial real estate industry alike are rife with uncertainty. To help you navigate this climate, CPE is bringing together a broad spectrum of industry leaders to share their insights. Mark Zandi, Rebecca Rockey and other commercial real estate experts will discuss everything you need to know for the remainder of 2023. We’ll cover: • Insights on the latest economic and market data • The impact of the global banking crisis • Layoffs in the tech sector • What to expect for investment and the capital markets And more! Webinar: Midyear Ou ..read more