Andrew Cheney, CCIM, CRE, SIOR and Craig Coppola, CCIM, CRE, SIOR of Lee & Associates – Arizona, representing SkySong 5, has negotiated a 10-year lease with Berkadia for an entire floor of the six-story building that’s currently under construction. When completed, the building will be the tallest property in Scottsdale, AZ. SkySong 5 welcomes commercial real estate tenant Berkadia Construction on SkySong 5 is underway and so is leasing efforts as Berkadia signs on for an entire…
Cryptocurrency Collides with Commercial Real Estate
Written by Matthew Thompson, Lee & Associates Dallas/Fort Worth By now, everyone has heard of bitcoin and the multitude of cryptocurrencies pervading the digital landscape. Most commercial real estate professionals don’t fully grasp the impact it will have on our profession and markets. Regardless of what happens to bitcoin and the like, the technology will remain and increasingly affect commercial real estate. First, let’s establish what a cryptocurrency is: any digital currency for which…
Seven-building business park near Charleston Air Force base fetches $69 million
The Aviation Business Park, a 342,042-SF business park facility that encompasses seven buildings spread out over 29 acres located along Interstate 26 between Remount Road and Aviation Avenue was purchased by Greenville Corporate, LLC, for $69 million. Bob Nuttall & Reid Davis Lee & Associates Charleston represented the buyer Greenville Corp., LLC
Lee & Associates brokers$16.5 M sale of 146-unit, two-story apartment complex in Phoenix
Lee & Associates Arizona principal Todd Braun, representing the seller Union Hills Equity, LLC, brokered the sale of Connect on Union in Phoenix for $16.5 million. The buyer, Western Wealth Capital, was assisted by Ric Holway of Berkadia Real Estate Advisors.
Warfield acquires 91-acre mixed use development in historic Sykesville in Columbia, MA
Dennis Boyle of Lee & Associates Maryland will oversee leasing and marketing activities for the commercial, retail and hospitality components.
Lee & Associates Central Florida Negotiates 25,814 SF Office Sale
Jason Bantel, CCIM, of Lee & Associates Central Florida, represented ATCO Group IV in the sale of a 25,814-SF MOB at 14050 Town Loop Blvd, Orlando, FL, 32837. The $7.125 million transaction is the largest MOB located within the Hunters Creek/Loop submarket.
OC’s small-box industrial sales points to strong demand
Jim Snyder and Patrick Lacey of Lee & Associates Newport Beach, spoke to GloebSt.com about OC industrial product under 30,000 SF. “The lack of inventory is fueling demand for all building classes for sale.”
Lee & Associates is named exclusive leasing broker for 316,550-SF, logistics center
Congratulations to Principal Walter Murphy of Lee & Associates Chicago, who will represent Conor Commercial in marketing the Last Mile Logistics Center I-55, a 316,550-SF, state-of-the-art spec facility situated on 19.6 acres.
Lee & Associates sees big things coming to LAFC Block
Globest.com sat down with Aleks Trifunovic, president of Lee & Associates West L.A., to talk about the growth expected to come to the micro market near L.A. Football Club’s new soccer stadium Banc of California at Exposition Park next to the Coliseum.