News

The California State Teachers' Retirement System is reportedly joining L&L Holding Co. in buying a stake that's separate from the Normandy Real Estate Partners' interest in the former brick warehouse.

The 540,566-square foot facility is the newest of several other properties occupied by the Social Security Administration in Baltimore.

The asset sold for $272,569 per unit.

The properties that will be funded by WNC Corp. 45 are located in: Alaska, Arkansas, Arizona, California, Iowa, Maine, Minnesota, Mississippi, New Jersey, New Mexico, Tennessee and Texas.

New York City-based Tishman Speyer reports the $1,208-per-square-foot sale price for the Seaport District office tower at 200 Pier 4 Blvd. calculates out to the highest ever achieved for a Boston office property.

“Georgia is one of the premier data center development markets in the US,” says CBRE's Tim Huffman, because of low power costs and state tax incentives for data centers.

The multifamily industry has been much slower to adopt this technology, reluctant to make the investment when predicting the ROI is challenging, but this is starting to change in new construction.

Fête New York to Open at Adams & Company's 231 W. 39th St.