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PHILADELPHIA, PA–HFF has arranged $38.3 million to refinance Paoli Shopping Center, a 165,617-square-foot, Acme Markets-anchored retail center in Paoli, PA.
A Brooklyn investor is placing a large bet on the redevelopment of downtown Newark, NJ, while office leasing continues apace in the urban core and in the outer rings. Get a quick rundown in this week's deal-tracker.
I was talking to a portfolio manager last week just as he was reviewing the latest benchmark quarterly return for open-end diversified funds from the NCREIF-ODCE. The total return for the first quarter on the highly followed index was 3.39%, including a hefty appreciation component of 2.20%....
William "Billy" Procida knows the market from both sides, as a developer/builder, and as a provider of investment financing for distressed and value add situations. He likes the flexibility of crowdfunding but discusses his concerns about the due diligence quality in crowdfunding situations in this exclusive interview with GlobeSt.com
NEW YORK CITY—Now spanning 6,000 square feet and home to a five-story building, the landmark site—which is contiguous to a hotel—is earmarked for a 13-story luxury condominium tower on 60,000 square feet of buildable space.
AUSTIN—San Francisco-based Drawbridge Realty has signed a new seven-year lease with Younicos AG for approximately 32,500 square feet at 3100 Alvin Devane in Austin. The company will use the space as its U.S. headquarters and product-demonstration location.
MIAMI— The City of Miami wants to convert the public waterfront land to year-round commercial event space, which would include the Boat Show. Key Biscayne's mayor doesn't think that's such a good idea.
DALLAS—CityLine has landed two more restaurants. The Richardson development is bringing chef Eddy Thretipthuangsin's Kin Kin Urban Thai and Bite City Grill to the 186-acre mixed-used development.
BALTIMORE—Strong office space demand in Baltimore County has prompted development firm St. John Properties, Inc. to commence construction on three additional speculative office buildings at the Baltimore Crossroads in White Marsh.