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Century Plaza Secures $1B for Hotel Build

Kelsi Maree Borland | July 15, 2016

LOS ANGELES—Next Century Partners secures a senior loan, mezzanine financing and EB-5 funding totaling $1 billion to fund the construction of the $2.5-billion Century Plaza mixed-use development.

The Strategic Clause Found In More Retail Leases Today

Jennifer LeClaire | July 15, 2016

ATLANTA—GlobeSt.com caught up with Bob Simons, a partner with commercial real estate firm Hartman Simons, to discuss developer challenges in this EXCLUSIVE interview.

Medical School Planned for Hoffman-LaRoche Site Acquired by Prism

Steve Lubetkin | July 15, 2016

NUTLEY/CLIFTON, NJ—For Bloomfield, NJ-based Prism, the project provides an opportunity to further the “new urbanist” philosophy that is driving New Jersey's suburban municipalities to redesign their downtowns and commercial corridors.

What Hospitals Seek in a Construction Company

Carrie Rossenfeld | July 15, 2016

SAN DIEGO—To truly develop a long relationship with a medical center, you have to be prepared to assist in whatever way is necessary to help them succeed, even if it means steering a project in a different direction, DPR's Brian Gracz tells GlobeSt.com EXCLUSIVELY.

CMBS Payoff Rate Expected to Drop

Paul Bubny | July 15, 2016

NEW YORK CITY—As 2016 segues into 2017, issues including the potential of higher rates and diminished property values will face borrowers in refinancing marginal loans, says Morningstar Credit Ratings.

Hotel Offers Yield and Risk-Adjusted Returns

Lisa Brown | July 15, 2016

SAN JOSE—The newly acquired Marriott includes 510 guestrooms and is connected to the convention center, in one of the area's strongest lodging markets.

New England Development Consortium Buys Taj Boston Hotel

John Jordan | July 15, 2016

BOSTON—Other members of the consortium that acquired the 90-year-old 273-key hotel include: Eastern Real Estate, Rockpoint Group, Lubert-Adler and Highgate.

CBRE's Gorman and Shover Sell 80 Properties Worth More Than $273 Million

Steve Lubetkin | July 15, 2016

PHILADELPHIA—Gorman and Shover lead CBRE's net-lease team, specializing in the marketing and sale of single and multi-tenant net-lease investment real estate. In their ten-year history, the team has sold more than $1 billion in net lease properties nationwide.

Studying Vacation-Rental Investors

Carrie Rossenfeld | July 15, 2016

IRVINE, CA—Vacation-rental investors tend to be more concerned with the economic fundamentals of a market than non-vacation rental-home investors are, RealtyTrac's Daren Blomquist tells GlobeSt.com in this EXCLUSIVE look at this buyer cohort.

Eastern Union Funding Launches CRE Mobile App

Rayna Katz | July 15, 2016

NEW YORK CITY—Eastern Union Funding is introducing a commercial real estate mobile app that provides industry professionals access to proprietary…

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