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Posts from CIJ for 05/08/2017

Daily Commercial Real Estate News from Europe and USA
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In this edition: 05/08/2017

Hill Properties buys the ART Business Center building

May 08, 2017 10:43 am
Hili Properties, the company who operates the McDonald’s business in Romania, has completed the purchase of ART Business Center in Bucharest, an investment that's reportedly worth more than €30m. JLL was the agent that provided consulting in the transaction. The building, which was built by the Romanian entrepreneur Ion Chirescu, is situated in northern Bucharest...
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March sales in Hungarian rise 3.6%

May 08, 2017 08:25 am
The volume of retail sales in Hungary increased by 3.6 percent y-o-y in March according to the Central Statistical Office (KSH). The increase was mainly caused by strong Easter sales, according to KSH experts. The volume of sales, adjusted for calendar effects, rose by 3.8 percent in specialized and non-specialized food shops, by 8.2 percent in non-food retail shops, while...
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7R Logistic building 40,000 sqm of new warehouse space

May 08, 2017 08:23 am
7R Logistic is planning to build two new warehouses in Siemianowice Śląskie and Bielsko-Biała. Beskid Park will be situated between Czechowice-Dziedzice and Bielsko-Biała and will be made up of two warehouses with a total area of 29,000 sqm. Completion is scheduled for the beginning of 2018. 7R Logistic also received a final building permit for another project in...
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Perfetti Van Melle Poland renews lease in The Park Warsaw

May 08, 2017 08:18 am
Perfetti Van Melle Poland, a producer and distributor of candy brands as Mentos and Chupa Chups, renewed its office lease agreement for 700 sqm of space in the Park Warsaw office building on Krakowiaków street. The tenant was advised by Knight Frank in the leasing process. The Park Warsaw is a class A office complex owned by AIG and White Star Real Estate. The property...
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JLL named exclusive leasing agents on 1345 Ave. of the Americas in NYC

May 05, 2017 03:37 pm
The Fisher Brothers have tapped Jones Lang LaSalle as the new exclusive leasing agent for 1345 Avenue of the Americas. The 50-story, 2 million sqf office building is located on Sixth Avenue between West 54th and West 55th streets. Designed by Emery Roth & Sons and constructed in 1969, the office tower is currently undergoing a $65 million refurbishment including a new,...
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Passco Cos buys The Springs at Estero for $53m

May 05, 2017 03:35 pm
The Springs at Estero, a Class A, 206-unit multifamily community in the Estero submarket, of Cape Coral-Fort Myers, Fl. has been sold to Passco Cos. in a $53.5 million deal. The property is located at 11221 Everblades Parkway, approximately five miles from the Southwest Florida International Airport and near Florida Gulf Coast University and Gulf Coast Medical Center. Just...
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Atlantic Management buys fully leased warehouse in Devens, MA

May 05, 2017 03:18 pm
A joint venture formed by Hackman Capital Partners, Calare Properties and KBS Real Estate Investment Trust has closed on the disposition of an industrial building in Devens, Massachusetts. The 236,505 sqf, multi-tenant industrial facility is situated inside the Devens Commerce Center, a 4,400 acre master-planned business park. The buyer, Framingham-based Atlantic Management...
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Greystar buys Ft Lauderdale site for mixed-use tower project

May 05, 2017 03:16 pm
An office building in downtown Fort Lauderdale has been sold to Greystar for $19.5 million. The 26,000 sqf building rests on three separate parcels at 790 East Broward Boulevard. The city of Fort Lauderdale has approved the 1.92 acre site it sits on for a 25-story mixed-use development encompassing 329 apartments and 6,871 sqf of ground floor retail space. Cushman &...
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Marshall Gobuty plans resort scheme in Cortez, Florida

May 05, 2017 03:12 pm
Developer Marshall Gobuty has revealed plans for the construction of a new resort and marina in Cortez, a historic fishing village in Manatee County. The plans for the project, Hunters Point Resort & Marina, calls for 148 cottage-style residences, 49 boat slips, a public marina and a community center. Of the 148 "Cracker"cottages, 62 are designed as hotel...
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