The proposed development will span 975,000 square feet in Goodyear, Ariz.

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The reimagined California Market Center has been under development for three years.

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The New York City-based owner plans to renovate the 30-story property.

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TRG is making its local debut and teaming up with Grandview Partners on the development.

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The company plans extensive capital improvements at the property.

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JLL Capital Markets marketed the property on behalf of VanTrust Real Estate.

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At full buildout, the development will total 1.5 million square feet.

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Only one of the first 12 assets slated for disposition has changed hands, reports columnist Lew Sichelman.

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CIM Group provided the financing for the Class A property.

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Newmark facilitated the 11-building sale.

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GI Partners' property has been a major telecommunications hub for decades.

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The transaction marks the company’s second industrial commitment in the market.

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Returns far outpaced the stock market last year, according to the organization's latest report.

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Year-over-year, the metro registered one of the largest vacancy gains across all U.S. markets.

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The company is relocating and expanding its footprint in Times Square.

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The property is part of the Cityplace mixed-use development in the city’s Uptown Oak Lawn submarket.

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Significant new properties have come online in the midst of the office market’s challenges.

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Manhattan no longer has the lowest rate among gateway markets.

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The medical office campus was 93 percent occupied at closing.

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The four-building property features both rail and barge service.

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