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Hotel activity is continuing to outpace new supply, and owners are looking to quality property management teams. We sat down with RAR Hospitality for an EXCLUSIVE interview to find out more.
Seagate Properties used 30-year C-PACE financing by Cleanfund to install a 49.6 kW solar PV array on Seagate's San Rafael headquarters and in an office building in Sausalito using a 76 kW solar PV array.
“Demand for warehouse space in New Jersey continues to be strong, particularly for modern properties in close proximity to the New York metropolitan area,” says Ben Rosen, Duke's vice president of leasing and development.
Aventura Mall Venture, an affiliate owned by Turnberry Associates and Simon Properties, secured the financing provided by JPMorgan Chase Bank, Wells Fargo Bank, Deutsche Bank and Morgan Stanley Bank.
The seller has invested more than $5.4 million in capital improvements since 2007, and the well-maintained property includes a recently renovated on-site conference center and café and 1,288 underground parking spaces.
Industrial is expected to continue to prosper as the economic outlook remains optimistic, with both crude oil prices and the rig count showing steady improvement year-over-year, up 25.6% and 17.3%.
Xebec's approach in Lakeland is a regional distribution strategy, which complements its focus on intermodal logistics, along with its national plan to grow its Texas asset base for long-distance transport.