News

Throughout Napa/Solano, the available inventory is mainly older industrial buildings that do not meet e-commerce tenant demand such as clear heights of more than 30 feet, but Dermody's center will be 36 feet.

Construction in general is booming in Allen, as it is across North Texas, with numerous residential, retail and office projects underway in Allen and Collin County, including the Collin College Technical Campus.

McCarthy Cook recently acquired Dropbox-anchored Castro Station, a three-building class-A office campus totaling 114,809 square feet in downtown for $179.7 million or $1,565 per square foot.

The lease is among multiple recent deals with various companies showing strong interest in the flexible workspace sector.

In its report on the three boroughs for the month of August, the brokerage firm says that concessions remain a key part of leasing strategy in Manhattan and Brooklyn and to a lesser degree in Queens.

The new tenant representation team also includes tenant advisors Ted Lacy, Tyler Roeller and Josh Evans. Together, they bring more than 40 years of experience, working with retailers like Ace Hardware, Wendy's and The Little Gym International across the US.

Separately it has been reported that Corporate Office Properties Trust is under contract to acquire 78 acres in Sterling with plans to develop multiple data centers for Amazon Web Services.

The seller, a Wharton equity company, acquired the property in early 2017 in an off-market transaction from the original developer and thereafter undertook significant renovations at the property that produced dividends.