The pharmaceutical giant Bristol Myers Squibb (NYSE: BMY) has chosen Houston as the site for a new $2.3 billion manufacturing campus. The new 600,000-square-foot campus will be modular and multi-modal. Its modular design will enable the company to add and reconfigure...
A new effort is underway to attract a buyer for the San Francisco Centre, the once-grand 1.5 million-square-foot mall that was shuttered in January. In a LinkedIn post, Kati Thabit, a vice president on the CBRE Northern California Capital Markets team, stated that her...
Newmark Group Inc. (NASDAQ: NMRK) announced that CEO Barry Gosin will step down on Dec. 31. He will continue as chairman of Newmark & Company Real Estate Inc., Newmark’s operating company, up to 2029. Gosin has been CEO since 1979. In a press statement, the...
Ridgmar Mall, a 50-year-old retail center in Fort Worth, Texas, is being redeveloped into a six‑building, 930,960‑square‑foot logistics hub. CBS News reports that Ramrock Real Estate purchased the property for an undisclosed sum and is partnering with KBC Advisors and...
Commercial and multifamily mortgage loan originations during the second quarter were up by 12% from the prior quarter and up 16% from one year earlier, according to data from the Mortgage Bankers Association (MBA). The lending volumes were fueled by a rise in...