Day: May 28, 2019

Day: May 28, 2019

Mortgage REITs increased their mortgage bond portfolios by almost 28 percent over the past year, according to the Wall Street Journal. Amazon is looking at office space on Manhattan’s West Side, reports the New York Post. These are among today’s must reads from around the commercial real estate industry.
Cushman & Wakefield has renwed its 39,565-square-foot lease at the Northland Center office building in Bloomington, Minnesota. KBS, the owner of the building, now plans to modernize the 40,000-square-foot concourse level, adding to the amenities already available to tenants.
Dallas office completions totaled 7 million square feet and 31 projects last year, second only to New York City, with another 6.6 million square feet expected by the end of 2019.
In separate deals, KBS has closed on the sale of two office buildings which were part of the KBS Real Estate Investment Trust II portfolio.
Lingerfelt CommonWealth Partners has acquired the two-building campus in neighboring Clayton, Mo., the seat of St. Louis County.
Lingerfelt CommonWealth Partners LLC announced on Thursday it had acquired two office towers in St. Louis along with a four-level parking garage. Terms of the deal were not disclosed.
Emerald View at Vista Center is a recently renovated, 139,471-square-foot office property and part of a 500-acre, master-planned business park.

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