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LOS ANGELES—The company is offering its 5.875% notes, which will be due in 2024 and will be treated as part of a single group with a $300 million aggregate principal notes offered in March.
LOS ANGELES—While making <i>Real Estate Forum</i>'s Fifty Under 40 list, Washington Holdings' Chad Christensen talks about how next-gen is shaping commercial real estate and how next-gen professionals can better attend to those needs.
LOS ANGELES-Gathering experts from across the net lease sphere, RealShare NET LEASE WEST panelists spoke about the latest news and provided outlooks for 2015. They concluded that net lease is still a good buy for investors, despite declining cap rates.
NEW YORK CITY—CEO David S. Kay says the “right-sizing” of the net lease REIT's unsecured credit line “enables us to meet our liquidity needs now, as well as our future capital needs.”
WOODBRIDGE, NJ—In a major repositioning, the owner of 120 Wood Avenue South—also home to the Hotel Woodbridge at Metropark—will enhance the property's office space to meet the demands of the robust Iselin, NJ leasing market. Major capital improvements to common areas and amenities at the 467,575-square-foot, mixed-use asset will commence in the first quarter of 2015.
KANSAS CITY, MO—The region just had one of its most active quarters in years, and companies seem eager to snap up speculative space as it comes on the market.
MINNEAPOLIS—The renovation of an adjacent mall into additional office space and amenities for the 40-story tower has further strengthened its position in the class A market.
ATLANTIC CITY, NJ—The full report from Gov. Chris Christie's Atlantic City summit calls for an emergency manager who has “extraordinary powers” and to “rightsize” its police and fire departments.
PHILADELPHIA—Operating on the assumption that the proposal to sell the Philadelphia Gas Works is dead, the City Council held a hearing on Thursday that is scheduled to be continued today on what course the city should embark on for its embattled utility.