Lincoln Property Eyes Uptown Dallas Mixed-Use
Commercial Property Executive
by Scott Baltic
1h ago
Lincoln Property Co.’s mixed-use campus will rise next to The Crescent in Uptown Dallas. Image courtesy of Lincoln Property Co. Lincoln Property Co. is moving forward with plans for the development of a mixed-use campus in Uptown Dallas. The firm has acquired the 4-acre site at 2500 Cedar Springs Road where it will build from 400,000 to 500,000 square feet of office space, about 250 luxury apartment units, a 200-key hotel/residence and 25,000 square feet of food and beverage retail, as well as ample green space. Lincoln had initially announced the project in 2022. At the time, the campus was s ..read more
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LG Energy Lands Financing for $5.5B Battery Complex
Commercial Property Executive
by Gail Kalinoski
1h ago
LG Energy Solution’s $5.5 billion development in Queen Creek, Ariz., represents the largest-ever single investment for a stand-alone battery manufacturing facility in North America. Image courtesy of the Town of Queen Creek LG Energy Solution’s $5.5 billion development in Queen Creek, Ariz., represents the largest-ever single investment for a stand-alone battery manufacturing facility in North America. Image courtesy of the Town of Queen Creek LG Energy Solution’s $5.5 billion development in Queen Creek, Ariz., represents the largest-ever single investment for a stand-alone battery manufactu ..read more
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Trademark to Transform DFW Shopping Center Into Mixed-Use Property
Commercial Property Executive
by Diana Firtea
1h ago
Trademark Property Co. will move forward with the redevelopment of Lincoln Square, a 470,000-square-foot shopping center in Arlington, Texas. The developer plans to transform the outdated retail center into a mixed-use development with office, retail, hotel, entertainment and residential spaces. Anthem will take shape at the southwest corner of Collins Street and Interstate 30. Image by Dwell Design Studio, courtesy of Trademark Property Co. Anthem will take shape at the southwest corner of Collins Street and Interstate 30. Image by Dwell Design Studio, courtesy of Trademark Property Co. Ant ..read more
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Farmer Brothers to Relocate HQ to Fort Worth
Commercial Property Executive
by Radu Corfus
1h ago
14501 N. Freeway includes 70,000 square feet of industrial space. Image courtesy of CommercialEdge 14501 N. Freeway includes 70,000 square feet of industrial space. Image courtesy of CommercialEdge 14501 N. Freeway includes 70,000 square feet of industrial space. Image courtesy of CommercialEdge Coffee roaster, wholesaler and distributor Farmer Brothers has signed a 54-month leasing agreement for 25,000 square feet at 14501 N. Freeway in Fort Worth, Texas. The owner is Panda Restaurant Group, which acquired the property in 2022, according to CommercialEdge data. The tenant will relocate i ..read more
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Simone Development Cos. Inks Lease in White Plains
Commercial Property Executive
by Simona Tudose
1h ago
Simone Development Cos. has signed a 16,750-square-foot office lease at its 129,168-square-foot office and R&D building in Thornwood, N.Y., within the White Plains market. CBRE negotiated on behalf of the tenant, Healy Electric Contracting. The landlord was represented by New York Commercial Realty Group. 1 Zeiss Drive is an office and R&D asset totaling 129,168 square feet. Image courtesy of Simone Development Cos. 1 Zeiss Drive is an office and R&D asset totaling 129,168 square feet. Image courtesy of Simone Development Cos. 1 Zeiss Drive is an office and R&D asset totaling ..read more
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Titan Development to Build 1.3 MSF Austin-Area Industrial Campus
Commercial Property Executive
by Simona Tudose
1h ago
Rendering of Leander 183 Commerce Center, expected to break ground in late 2024. Image courtesy of Titan Development Rendering of Leander 183 Commerce Center, expected to break ground in late 2024. Image courtesy of Titan Development Rendering of Leander 183 Commerce Center, expected to break ground in late 2024. Image courtesy of Titan Development Titan Development has received city approvals for the development of Leander 183 Commerce Center. Plans call for a Class A, 115-acre industrial campus encompassing up to 1.3 million square feet of space in Leander, Texas. A Titan spokesperson t ..read more
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CREF Forecast: Borrowing and Lending Expected to Increase to $576B in 2024
Commercial Property Executive
by Jamie Woodwell
3h ago
Source: Mortgage Bankers Association Total commercial and multifamily mortgage borrowing and lending is expected to rise to $576 billion in 2024, which is a 29 percent increase from 2023’s estimated total of $444 billion. This is according to an updated baseline forecast released earlier this year by the Mortgage Bankers Association (MBA). Multifamily lending alone (which is included in the total figures) is expected to rise to $339 billion this year—a 25 percent increase from last year’s estimate of $271 billion. MBA anticipates borrowing and lending next year will increase to $717 billion in ..read more
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Where Innovation Drives CRE Demand
Commercial Property Executive
by Gail Kalinoski
23h ago
Driven by nearly $49 billion in funding for new technologies like generative AI over the past three years, the San Francisco Bay Area maintains its rank as the top city across the globe for both innovation and talent, according to JLL’s latest Innovative Geographies report. The research study states those investments were more than New York and Beijing combined during the same period. The San Francisco Bay Area outperformed most other markets on venture capital, research and development investment, productivity and talent breadth. As was the case in previous years, the other top markets for in ..read more
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DigitalBridge Signs 79 KSF South Florida HQ Lease
Commercial Property Executive
by Vicentiu Fusea
23h ago
Sundy Village will consist of 180,000 square feet of office space and 30,000 square feet of retail. Image courtesy of Pebb Capital Sundy Village will consist of 180,000 square feet of office space and 30,000 square feet of retail. Image courtesy of Pebb Capital Sundy Village will consist of 180,000 square feet of office space and 30,000 square feet of retail. Image courtesy of Pebb Capital Digital infrastructure investment firm DigitalBridge has signed a 79,141-square-foot headquarters relocation deal at Sundy Village in Delray Beach, Fla. The owner, Pebb Capital, is expected to complete ..read more
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The Durst Organization Inks HQ Relocation in Manhattan
Commercial Property Executive
by Simona Tudose
1d ago
655 Third Avenue is a 425,000-square-foot Class A high-rise. Image courtesy of The Durst Organization 655 Third Avenue is a 425,000-square-foot Class A high-rise. Image courtesy of The Durst Organization 655 Third Avenue is a 425,000-square-foot Class A high-rise. Image courtesy of The Durst Organization Clune Construction has signed a 23,437-square-foot lease at 655 Third Avenue in Manhattan’s submarket of Murray Hill. The Durst Organization owns the 425,000-square-foot Class A high-rise. The tenant will move its NYC headquarters to the office tower’s 10th floor, fully occupying it. The ..read more
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