Jones Lang LaSalle Inc. has been chosen by Duke Realty to provide a trifecta of real estate services for the company’s 1 million-square-foot office portfolio in metropolitan Cleveland. JLL’s assignment includes agency leasing, property management and project development services.
Ranging from $20 million to $60 million, four financing deals for a variety of commercial real estate properties are indicators that capital is beginning to flow again for midsize and larger projects.
Amid the European sovereign debt crisis, opportunities exist for commercial real estate investors on the continent, according to panelists speaking during a session at the 2012 ULI Spring meeting in Charlotte, N.C.
Cassidy Turley has been tapped by DEB Shops to serve as the affordable-fashion specialty retailer’s project-management services provider. The services firm will oversee DEB’s projects for more than 300 new and remodeled stores across the country.
The brokerage and property-management divisions of the Inland Cos., based in Milwaukee, are the latest addition to Colliers International’s roster of affiliates.
E-tailing giant Amazon will be adding two fulfillment centers of about 1 million square feet each in California — with more locations on the way. And though the two facilities are of similar size, the two locations are substantially different.
Jones Lang LaSalle, eager to expand north of the border, has tapped industry expert Brett Miller to serve as the new president of the commercial real estate firm’s Canada operations.
Fragrance and cosmetics company Coty Inc. has just signed a deal with Malkin Holdings L.L.C., supervisor of the Empire State Building, to expand its occupancy at the iconic skyscraper by approximately 120,000 square feet.
KBS REIT III has just purchased the 175,262-square-foot The McEwen Building in Franklin, Tenn., 15 miles south of Nashville, from Denver-based Amstar for $40 million.
After a full day of thinking, networking and discussing the future of real estate, attendees to the CoreNet Global Summit 2012 in San Diego returned to a second day of planning for the future of the industry — and technology and data offerings will play a critical role.