Commercial Real Estate

design

Pacific Industrial Completes One of Salt Lake City’s Biggest Single-Building Industrial Sales

Pacific Industrial has sold a 824,320 square foot logistics centre in Salt Lake City to developer Principal Global Investors in a transaction advised by Cushman & Wakefield. The recently completed Pacific Summit Logistics Center is a single industrial facility totaling 824,320 square feet located at 885 N John Cannon Drive. The developer, a Southern California-based…

News

Expressions of Interest: Palac Von Treskow Palace and Park Complex in Owińska, Poland

The Municipality of Czerwonak in west-central Poland invites expressions of interest from parties in and outside Poland for the acquisition of Palac von Treskow – an extensive palace and park complex in Owińska currently under the ownership of the municipality. Situated in the picturesque village of Owińska, in the vicinity of the renovated post-Cistercian complex,…

Construction

ViaWest Breaks Ground on Salt Lake City Industrial Project

Arizona-based real estate development and investment company ViaWest Group has broken ground on a new 172,845-square-foot Class-A speculative warehouse building in Salt Lake City, Utah. The new 5 South Commerce Center development is scheduled for completion in the second quarter of next year. Cushman & Wakefield director Phillip Eilers and colleagues, Jon Schreck and Rick…

Contracts

Momentum Group Expands Property Management Portfolio with Grade A Liverpool Office Building

The Momentum Group has been awarded the property management contract for Grade A office accommodation, Aviation House on the Estuary Business Park in Speke, within the vicinity of Liverpool’s John Lennon Airport. The appointment adds 18,000 sq ft of space under management to the company’s growing portfolio of property management instructions including city centre properties,…

Germany

Savills IM Acquires Berlin Commercial Building for Versicherungskammer

Savills Investment Management (Savills IM) has advised on the acquisition of a newly constructed office and commercial building at Kurfürstendamm 12 in Berlin for Versicherungskammer. The seller is the RFR-Group, which acquired the asset in 2021. The prestigious new building in Berlin’s premium location comprises more than 6,500 sqm of rental space across six floors…

Finance

Wells Fargo Strengthens Airport Industrial Property Unit Trust’s Property Programme with Flexible Debt Finance

abrdn plc’s Airport Industrial Property Unit Trust (AIPUT) has secured £350m of new debt financing from Wells Fargo to deliver a transformational investment programme for its prime industrial real estate portfolio in the United Kingdom. The new Facility which consists of a split-term loan and revolving credit facility structure with an initial committed term of…

Appointments

Cushman & Wakefield and Greystone Poach Veteran Capital Markets Team from CBRE

Cushman & Wakefield and commercial real estate finance company Greystone Servicing Company LLC have recruited a team led by former CBRE Capital Markets Executive Vice President, Craig Branton, to their multifamily equity, debt and structured financing (EDSF) operation in Denver, Colorado. Branton, who joins Cushman & wakefield as Vice Chairman, brings his extensive background in…

Energy Management

Wealthcap Tackles Energy Crisis with New MeteoViva Building Sustainability as a Service Model

Leading German real asset and investment manager Wealthcap is using MeteoViva’s predictive building control system to reduce energy use and CO2 emissions in a commercial location at Ganghoferstrasse 27-29 in Munich. To finance the transformation in how it monitors and controls energy usage, Wealthcap is utilising a new Sustainable Buildings as a Service model introduced…

Kuwait

Start Living Chooses MRI Residential Property Management Solution

Start Living, a single-family build-to-rent joint venture between TPG Real Estate Partners and Gatehouse Bank PLC, is implementing the MRI Living suite of solutions to drive operational efficiencies for their property management portfolio. Start Living offers two-, three- and four-bedroom homes in areas that provide family-focused amenities such as schools and leisure facilities, typically as…

News

Savills IM Announces Acquisitions as it Launches UK Build-to-Rent Strategy

Savills Investment Management (“Savills IM”), the international real estate investment manager, has acquired Pitmore, the UK Development and build-to-rent (BTR) specialist, as a key part of plans to grow its UK residential and BTR platform. As one of the UK’s most experienced residential advisors, being involved in the sector since 2012, the senior partners of…

News

PGA TOUR Superstore and Chicago Fire Pizza Sign Leases at Leading Idaho Retail Destination

The Gateway Marketplace shopping center in Idaho has executed new leases with PGA TOUR Superstore and Chicago Fire Pizza in transactions brokered by Cushman & Wakefield’s retail team. Owned by Orange County, CA-based Wood Investments Companies, Inc., the 135,732-square-foot asset is located at one of the busiest intersections in the city of Meridian, a suburb…

design

AMP&RSAND Signs Achitectural Firm as Tenant for San Diego Campus Redevelopment

AMP&RSAND has signed a lease with Harley Ellis Devereaux Corp (HED) at its creative office redevelopment on the site of the former San Diego Union-Tribune Publishing Company campus in San Diego’s Mission Valley area in a deal brokered by Cushman & Wakefield. The national architecture design, engineering, and planning firm is leasing 10,549 square feet…

News

Regent Properties Sells Three Class A Assets in San Diego for US $131M

Cushman & Wakefield has represented Regent Properties in the disposal of three Class A assets in Carlsbad (San Diego), California for a combined price of US $130.75 million. The North San Diego County portfolio consists of ATLAS, a 230,957-square-foot office/R&D campus along with two single-tenant creative corporate headquarters facilities totaling 114,835 sf. ATLAS, which completed…

News

Charitable Foundation to Donate Proceeds from US $37M Sale of North Hollywood Industrial Park

Cushman & Wakefield has advised charitable foundation, The Ben B. and Joyce E. Eisenberg Foundation, on the disposal of a fully leased industrial park totaling 139,567 square feet in North Hollywood, California, with all proceeds from the sale to support the foundation’s charitable activities. Known as the Sherman Way Industrial Center, the multi-tenant property consists…

design

ViaWest Group Invests in New Class A Industrial Project in Denver

Phoenix-based commercial real estate investor and developer ViaWest Group is making its first foray into the Denver market with the construction of a 134,400 sf industrial facility. The Downtown Distribution Center, a Class A industrial development on a 9.32 acre site just north of Downtown Denver is scheduled for delivery in the second quarter of…

Appointments

Senior Tenant Representation Brokers Join Cushman & Wakefield from Savills

Cushman & Wakefield has welcomed several brokers from Savills to its Tenant Rep team in Silicon Valley in June. The new appointees bring extensive knowledge of the technology, life science and biotech, healthcare, finance and gaming sectors to their new roles – with companies they have served collectively including Alibaba, Boston Scientific, Softbank, Cohesity, Twilio,…

Cold Storage

Developer Bringing Cold Storage Space to Cleveland’s Opportunity Corridor

Local developer Weston, Inc., has started construction of a much-needed 156,000 SF temperature-controlled warehouse space in Cleveland, Ohio, with opening scheduled for the third quarter of 2023. Located along the Opportunity Corridor and classified as a Public Refrigerated Warehouse, the Cleveland Cold Storage project will provide customers with a full range of temperature-controlled storage and…

News

Savills IM Acquires Swedish Distribution Centre for European logistics fund

Savills Investment Management (Savills IM), the international real estate investment manager, has acquired a distribution centre in Rosersberg near Stockholm, Sweden in an off-market transaction on behalf of its flagship European logistics fund, for an undisclosed purchase price. The fund’s portfolio comprises a total of 28 logistics assets in six European countries, and is now…

News

Zurich UK Launches Smart Building Proposition

Zurich Insurance Group has unveiled a new smart building proposition to help businesses in the United Kingdom cut property losses and boost sustainability.  The self-installed devices monitor the real-time ‘health’ of buildings, allowing firms to increase operational efficiencies, reduce risk and optimise energy use to support carbon reduction.   Known as Zurich insite, the technology taps…

Appointments

Steve Avanzino Joins Cushman & Wakefield Land Advisory Group

Professional has transacted over 25,000 acres of land, including production agriculture and ranching properties, and has extensive knowledge of water rights

Contracts

Trei Real Estate Awards Apleona Berlin Integrated FM Contracts

Trei Real Estate GmbH has selected Apleona to deliver integrated soft and hard FM services at two residential and commercial properties it is developing in Berlin. The contract covers a total of 304 apartments and retail stores with a total area of around 4,500 sq. m, and is due to start in summer 2022 six…

News

Wiltshire Development Secures New Tenants

RO Real Estate, a subsidiary of UK family-owned business, The RO has successfully pre-let two food retail units on its development at Solstice Park in Amesbury, Wiltshire.  Work on the units is underway with completion expected over the summer and customer visits expected to commence later this year. Tenants include leading food retailer Greggs, the…

News

LA Industrial Portfolio Sells for US $85 Million

Cushman & Wakefield has advised the sale of a ±13.43-acre industrial park comprising five buildings totaling 95,600 square feet with two land parcels totaling ±4.17 acres all on the same cul-de-sac in Los Angeles. The portfolio is located strategically, adjacent to the Van Nuys Airport. Boston real estate investment firm Longpoint Realty Partners acquired the…

Appointments

Fergus Keane to Join BNP Paribas Real Estate from Cushman & Wakefield

BNP Paribas Real Estate (BNPPRE) has announced the strategic appointed of Fergus Keane from Cushman & Wakefield as the new Head of its Central London Office Investment team. Keane, currently an international partner in Cushman & Wakefield’s London Markets team, has over two decades of experience in commercial property throughout the UK and Ireland. Working…

News

RPG Sells Equity in Fully Leased San Diego Commercial Properties

Cushman & Wakefield has represented RPG in the recapitalization sales of two Class A creative office and mixed-use office/retail assets in Carlsbad (San Diego), California. The properties had a combined building value of US $86 million at the time of transaction. Transacted separately, the recapitalizations consisted of Fusion, a recently transformed 121,541-square-foot Class A creative…

News

Savills IM UK Value Boxes Fund Deploys £75 Million on Retail Park Assets

Savills Investment Management’s UK Value Boxes fund has deployed £75 million on four retail park assets since launching in October 2021. Savills IM’s UK retail park strategy was launched in October 2021 with the aim of capitalising on the strong income-producing characteristics of the UK retail parks sector, with a focus on parks let to…

Appointments

Savills IM Announces Senior Internal Appointments in Poland

Savills Investment Management (Savills IM) has promoted three senior members of its Polish team to new positions following a period of steady growth across tits business in East-Central Europe. Piotr Trzcinski, who joined the company’s Polish subsidiary when it opened for business in the country and previously served as the Head of Investment, will take…

Contracts

STRABAG PFS Awarded DEMIRE Integrated Services Contract

STRABAG Property and Facility Services (STRABAG PFS) has been awarded a 3-year integrated property and facilities management, and ESG reporting services contract at 65 commercial properties owned by DEMIRE Deutsche Mittelstand Real Estate in Germany. DEMIRE’s portfolio offers a total leasable area of over a million square metres, with the company’s investment strategy focused on…

News

Prologis Acquires Orange Country Office Campus

Cushman & Wakefield has represented both parties in the sale of Pacific Vista, a 322,262 square foot Class A corporate office campus situated on a 24.38 acre plot in Lake Forest, Orange County, California. The property consists of five (5) premier two-story office buildings that are leased to seven long-term tenants. Prologis, Inc., a global…

News

Alere Acquires Single-Tenant Riverdale Industrial Asset

Cushman & Wakefield has advised the sale of a brand new 709,081-sf Class A industrial warehouse facility situated on over 39 acres in Riverside, Los Angeles, California to the Alere Property Group. Completed in 2021 and located in the Inland Empire East submarket, the Freeway Business Center is positioned in one of the most desirable…

Appointments

Norton Rose Fulbright Partner Joins CREW UK Board

02.09.2021, 17:24 Norton Rose Fulbright Partner Joins CREW UK Board Leading commercial real estate finance lawyer Jennie Dorsaint has been appointed to the board of the associate organisation of the Commercial Real Estate Women Network (CREW) in the United Kingdom. A partner at global law firm Norton Rose Fulbright, Dorsaint joins fello board members Siobhan Godley…

Back to top button

We've noticed you are using an ad blocker

Advertising helps bring you fresh independent content. Please disable the adblock plugin or settings in your web browser to access the content you are trying to reach on www.fmindustry.com.