July 10, 2014
VORNADO COMPLETES $260M SALE OF BEVERLY CONNECTION IN L.A.

LOS ANGELES — Vornado Realty Trust (NYSE: VNO) has completed the previously announced sale of Beverly Connection, a power shopping center in Los Angeles, for $260 million. The property’s tenants include Old Navy, Nordstrom Rack, Men’s Wearhouse and Marshalls.

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SOUTHEAST  
MCCRANEY BREAKS GROUND ON SPEC INDUSTRIAL BUILDING IN WEST PALM BEACH
 

WEST PALM BEACH, FLA. — McCraney Property Co. has broken ground on a Class A, 100,000-sq...more

 
ROCK CREEK SELLS REGAL CENTER IN STERLING ...  
ATLANTIC COMMERCIAL ARRANGES $12.3M SALE O...  
FARIS LEE ARRANGES $10M PRE-SALE OF RETAIL...  
SHOPTAW GROUP REFINANCES MILLER STATION ON...  
 
NORTHEAST  
KING STREET PROPERTIES LAUNCHES TWO-BUILDING LAB PROJECT
 

CAMBRIDGE, MASS. — King Street Properties has purchased two laboratory buildings near th...more

 
HFF CLOSES $101.5 MILLION SHOPPING CENTER ...  
NAI FRIEDLAND BROKERS 80,000 SF INDUSTRIAL...  
CAPITAL ONE BANK CLOSES $24.2 MILLION LOAN...  
 
TEXAS  
CADENCE MCSHANE TO BUILD AIRTEX COMMERCE CENTER IN HOUSTON
 

HOUSTON — Cadence McShane Construction will build Phase I of the Airtex Commerce Center ...more

 
DAIRY ASHFORD VILLAGE SELLS IN HOUSTON...  
NEW INDUSTRIAL PARK APPROVED IN ANGLETON ...  
WHATABURGER SIGNS ON AT TERRELL MARKET CEN...  
 
MIDWEST  
CBC ALLIANCE ARRANGES $47M SALE OF METRO CLEVELAND SHOPPING CENTER
 

MAYFIELD HEIGHTS, OHIO — Coldwell Banker Commercial (CBC) Alliance has arranged the $47 ...more

 
NAI HIFFMAN REPRESENTS DUPAGE SENIOR CITIZ...  
ALTUS BROKERS SALE OF TOWNHOME PROPERTY IN...  
PEAK CONSTRUCTION COMPLETES RENOVATION OF ...  
 
WESTERN  
KMART BUILDING IN HESPERIA SELLS FOR $5.2M
 

HESPERIA, CALIF. — A 66,389-square-foot retail building in Hesperia th...more

 
IHOP PROPERTY IN MADERA SELLS FOR $2.4M...  
SANTA MONICA APARTMENT BUILDING SELLS FOR ...  
PHOENIX INDUSTRIAL BUILDING SELLS FOR $2M...  
JOS. A. BANK LEASES SPACE IN THE COLONNADE...  
 


Cleveland Office
Strong Residential Demand Boosts Cleveland’s Downtown Office Market — 07-09-14
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Seattle Office
Tech Sector, Led By Amazon, Drives Seattle Office Market — 07-08-14
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Raleigh Industrial
Triangle Forecasts Sunny Skies With Demand Uptick, New Construction — 07-07-14
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STRONG JOB GROWTH IN JUNE COULD BOOST OFFICE OCCUPANCY IN NEAR TERM

By Scott Reid

Private sector employees in June added 262,000 jobs and government agencies added 26,000 positions, for a net gain of 288,000 new jobs that will potentially have a substantial impact on commercial real estate, according to a Marcus & Millichap report. During June, the unemployment rate fel...
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