Radu Corfus

Subaru of America plans to expand its Dallas Business Center in Copell, Texas, by 200,000 square feet. Prologis, which is also the owner of the current facility, will develop the build-to-suit expansion. Completion is expected in late 2024, with occupancy slated to commence in early 2025.

May 22, 2024 New development stagnated but Nashville's office market surpassed national rates.

First National Realty Partners has acquired Townes Crossing, a 105,731-square-foot grocery-anchored retail center in Oswego, Ill.

A joint venture between George Oliver Cos. and Ascentris has acquired the office building at 4141 N. Scottsdale Road, in Scottsdale Ariz. The partners paid $26.1 million for the 162,227-square-foot property. JLL represented the seller in the transaction.

June 11, 2024 Principal Asset Management provided the financing.

Vornado Realty Trust has secured a $400 million refinancing for 640 Fifth Ave., a mixed-use office and retail property in Manhattan, spanning 315,000 square feet. The interest only, non-recourse note has a fixed rate of 7.47 percent, and carries a July 2029 maturity term.

Apex Management has secured a $23 million refinancing for North Mountain Foothills, a 194-unit multifamily community in Phoenix.

June 17, 2024 The firm signed an 11-year lease with landlord Jack Resnick & Sons.

June 20, 2024 Newell Brands Inc. will relocate its headquarters by mid-2025.

Hammes has opened Buckeye Medical Plaza, a 48,000-square-foot medical office building in Buckeye, Ariz., near Phoenix. Cotton Architecture acted as architect and MJ Harris Construction served as general contractor. Integrity Commercial Real Estate Founder Melynn Wakeman handled leasing efforts.