The San Francisco-based firm states that the property is located near bulk transmission lines, a major fiber path, as well as less than four miles from Digital Realty's existing data center campuses in Ashburn, VA.
Carol Schatz, who has been a pillar of the renaissance in Downtown Los Angeles, has announced her retirement from the DCBID, which she launched in 1998.
It is almost assured that Proposition 10 will pass, and the state of California will become a free for all with different, complex and in many jurisdictions, nonsensical rent control policies. The biggest risk for apartment owners and developers is risk of the unknown.
It is extremely critical to be sensitive to exit cap rates and projected price per unit values, and understand the local market and its variables, Michael Flaherty of L5 says in this EXCLUSIVE.
In the era of Amazon Prime, Blue Apron and Snap Kitchen, building mailrooms are getting design overhauls and enhanced amenities to keep pace with the package delivery demands of residents.
The Silverman Group is buying a 41,000-square-foot, mixed-use warehouse building from the tenant for $3.6 million and has selected JLL as the exclusive leasing agent for the property.
The nature of work is changing, and that’s not just a tech thing. One expert on the subject believes that those managers who don’t recognize the changes taking place around them are traveling a road to irrelevance.
Growth is strong in most multifamily markets in Texas, but the cost of construction is currently outpacing rents which has to change in order for opportunities to become obvious in the larger markets.
We joined more than 400 commercial real estate colleagues last night to recognize the collective work of Building Block supporters and community partners.
More than 1.4 million square feet of inventory has been converted to data centers since 2008 in the region. The pace of conversions has averaged 273,725 square feet since 2015, chipping away at nearly 2% of supply each
In conjunction with the EdR purchase, Blackstone Real Estate Income Trust, Inc. and partner Greystar Real Estate Partners also reported they had closed on the $1.2-billion purchase of EdR’s student housing portfolio.
If the STEM high school project at the former IBM Somers property secures all approvals and lease negotiations are finalized, the lease transaction and the subsequent adaptive reuse project would be the largest of their kind in memory in Westchester County.
The Southern California industrial market is among the tightest in the country, and even the new supply under construction won’t be enough to satisfy the demand.
Leaders of the Hollywood Park development in Los Angeles and Chase Center in San Francisco talk about adopting a mixed-use model to activate the projects.
Dermody’s acquisition of Fremont Center is consistent with its strategy of acquiring value-add, functional, in-fill logistics and light manufacturing assets in tier 1 markets such as Fremont.
Driven by large renewals, sizeable new leases and substantial tenant move-ins, class-A office buildings continue to lure users looking to attract and retain employee talent, and as a result, drive up rents.
Mason Tenders renewed 40,000 square feet and Entertainment Benefits Group signed on for 12,769 square feet at GFP Real Estate’s Midtown office building.
Private capital has been the most active buyer type for 2018, comprising 74% of Austin’s total sales volume, followed by cross-border buyers at 14% and institutional investors of the remaining 12%.
The new six-story 187-room Courtyard by Marriott Dulles Herndon is located five miles from Washington Dulles International Airport in the technology corridor dubbed “the Silicon Valley of the East.”
The Jersey City, NJ-based REIT also sold 700 Horizon Drive to VEREIT of Phoenix. The 120,000-square-foot building that boasts similar amenities as 600 Horizon Drive, including advance fiber-optics, is leased to AAA.
Travel Portland’s tourism improvement district-funded marketing and PR efforts have produced significant results for the local economy in that travel to Portland nearly doubled from 2013 to 2018.
With limited supply, urban in-fill generational triple net assets leased to top-tier credit tenants in hot markets such as Los Altos continue to be in high demand and many sales are off-market.
"With new capital made available through this financing and positive momentum in the Midtown market, we feel the property is well positioned for continued success," says Square Mile Capital's Eric Cohen.
Rising interest rates are putting pressure on pricing but the fundamentals of net lease investments and the Texas economy have been strong enough to keep cap rates within a historically low range.
All of the student housing buildings are expected to begin operations by the fall of 2020, with the exception of the Octave at the University of Illinois Urbana-Champaign project, which is scheduled for a fall 2019 occupancy.
Here’s how some Florida companies coped after the Lehman investment bank collapsed ten years ago this month, leading to the worst economic crisis since the 1930s.
The ad campaign began this week and features DC residents and community leaders calling on the City Council to crack down on commercial hosts buying up homes to rent short-term on Airbnb and thus depleting the district’s affordable housing stock.
Securities industry pre-tax profits totaled $13.7 billion in the first half of 2018, an increase of 11% from the mid-point of 2017, according to a report released by New York State Comptroller Thomas P. DiNapoli.
Even with incentives from utilities and the government, Mercy Housing needed a more creative solution so it partnered with Bright Power to upgrade 80 properties, GlobeSt.com learns in this EXCLUSIVE.
As we move later in the cycle, investors are becoming more conservative with their exit plans, according to panelists at Allen Matkins View From the Top.
Millennials want access to transit at home and at work, and that is good news for Downtown, Mission Valley and UTC, San Diego’s most trolley friendly office markets.
The recent purchase of Link Studios Apartments represents Mt. Baker Housing’s first new construction and a rare open-market acquisition by a nonprofit developer for affordable housing.
The current skyscraper building boom falls short of the 80s, the country’s busiest building boom by far, when skyscraper construction activity in Dallas was only surpassed by New York City, Chicago and Houston.
Growing numbers of even long-time New York City-based companies are joining this one to find similar equally attractive conditions in South Florida (and better weather too).
The four-story, 68,500 square-foot property is the largest facility for University Medicine, which operates nine other clinics throughout Rhode Island.
Commercial real estate owners are learning the lessons of Hurricane Florence include preparation as their best defense, while other factors help in the aftermath.
Preservation Partners added the 100% leased Headen House (136 units) and Huntington (204 units) Section 8 communities in St. Charles, MD to its portfolio.
A joint venture of Norwalk, CT-based Fuller Development and Spinnaker Real Estate Partners sold the 183-unit market rate apartment property to Friedkin, according to brokerage firm CBRE.
Institutional organizations, in particular, are increasingly investing in the Seattle area as the demand for last mile and centrally located properties pushes rents to record levels, such as the recently sold 3002 Lind Ave. SW.
“It isn’t enough to have a good job anymore; people want a great life,” said John Kilroy at Allen Matkins annual View From the Top conference, where he talked about how his firm is disrupting the office market.
The single user trend is likely to continue as McClellan Park breaks ground on McClellan Distribution Center to fill a void in the market for high clear-height buildings that can service e-commerce tenants.
The request proposes a walkable, mixed-use development that will include a mix of 900 condominiums, 500,000 square feet of new office space, 12,000 square feet of retail and nearly three acres of green space.
According to Austin’s Strategic Housing Blueprint, the city will need 60,000 new housing units for low-income families, plus another 75,000 market-rate units to meet its housing needs in the next decade.
The global valuation and corporate finance consultant goes from subletter to tenant expanding by almost 30,000 square feet at the Plaza District tower.
A 12-property 455-unit multifamily portfolio with 13 ground-floor retail suites just received $113.5 million via a six-year (including extension options) floating-rate loan through an affiliate of Walton Street Capital.
These 4 key considerations will help you better diagnose a CRE borrower’s financing request and determine the correct bridge loan solution for your client.
Due diligence can be a daunting requirement to navigate in CRE transactions. Learn about the different Property Condition Assessment types, including those tailored to support acquisitions.
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