News

The plan calls for enacting 0.75% and 2% utility energy efficiency standards for natural gas and electricity, respectively, improving energy efficiency programs, adopting new clean energy and energy efficiency financing mechanisms and strengthening building and energy codes and appliance standards.

Real estate investment trust Columbia Property Trust has completed its acquisition of development and operations firm Normandy Real Estate Management, reaching an agreement on anticipated investments, business management and leadership appointments.

Life House, a tech-enabled lifestyle hotel company, has closed $30 million in a Series B fundraise.

In the firm's fourth quarter 2019 report on the Southern New Jersey and Southeastern Pennsylvania markets, WCRE states that although leasing activity was down overall, vacancy rates remained low and gross leasing absorption was positive.

The properties are the 422-room InterContinental Buckhead Atlanta and the 237-room Sofitel Washington DC Lafayette Square.

The financing will facilitate the construction of a 1.2-million-square-foot mixed-use tower, part of a 1.9-million-square-foot development that will feature office, residential condominium and retail space.