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A local buyer has partnered with a Chicago firm to buy the 171K SF building.
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PGP President Jeffrey Sussman identified "errors" the developer has made in its leasing efforts, previewed his plan to improve the pace of leasing activity.
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Investors are still keen on San Diego apartment buys.
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Demand still outweighs supply in the Chicago region's industrial market, and developers now concentrate on building midsize warehouses.
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2019 was a monumental year for industrial year estate, as total volume was the largest total in sector history at $102B.
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The Rubenstein Partners-owned property was refinanced for $127M around the same time HSB inked the lease.
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Greater Boston's office vacancy rate is above 18%, but executives in the market say that reflects its vast obsolete stock and that tenant demand is strong.
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Orion Properties leased the building at 6655 MacArthur Blvd. in Irving to nonprofit organization Mercury One.
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Ardent has become the latest U.S. investor to target the UK's growing self-storage sector with a new platform seeded by three assets.
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