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The Interstate 80 Corridor has seen a bunch of new leases under 300K SF, but many big boxes of more than 500K SF still await tenants.
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The new firm will focus on retail and land brokerage, tenant representation, investment sales, development services and property management across Texas.
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Investment sales as of mid-May are on pace to be the best year for institutions since the market’s low point in 2023.
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The Hightower family sold 182 acres at the northeast corner of FM 902 and Bennett Road outside of Howe to Cherukuru Investments at Howe LLC.
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Q1 saw $1.1B in retail property deals. Since then things have been on the decline, with a paltry $380M worth of transactions last quarter.
Some medical office properties are hotter than others.
The $120.5M sale of 1500 West Georgia to Bosa Properties and Kingswood Properties opens the door for a mixed-use redevelopment.
Jonathan Pearce, Ivanhoé Cambridge’s freshly minted SVP for Toronto, will oversee leasing for the proposed 45-141 Bay Street project.
Hopewell Development’s acquisition of 38 acres of land in the heart of Surrey’s Campbell Heights Business Park represents the biggest deal done there to date.
The GTA office market has lost steam, recording six consecutive quarters of negative absorption through mid-way 2014.
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