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Transactions | Aug 26, 2019
Piedmont Office Realty Trust has completed the purchase of Galleria 400 and Galleria 600, two office towers totaling approximately 860,000 square feet and an adjacent 10.2-acre land parcel entitled for 1 million square feet of additional development for a total of $231.2 million.
Transactions | Aug 26, 2019
JLL has been named by The University of Texas System to market for sale or ground lease an approximately 216-acre, mixed-use development site near the Texas Medical Center and NRG Stadium in southwest Houston.
Transactions | Aug 26, 2019
National Logistics Group, a subsidiary of Transwestern Development Co. (TDC), has closed on a 22.34-acre site to develop a two-building industrial project encompassing approximately 337,856 square feet of class A warehouse space in Southern California’s Inland Empire.
Research | Aug 26, 2019
Total real estate investment volume (excluding transactions below JPY 500 million ($4.7 million), preliminary results) in the second quarter of 2019 reached JPY 1,050.6 billion ($9.9 billion), according to Cushman & Wakefield surveys. The figure represents a decline of 9.1 percent, year-over-year.