Adriana Pop
Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https://www.linkedin.com/in/ioana-adriana-pop-811772108/.
MetLife Provides $161.5M in Financing for Houston Office Tower; Noble Energy Center One Changes Hands
MetLife, Inc. has provided $161.5 million in financing to CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors that has acquired Marathon Oil Tower in Houston.
Gebhardt Expands Scope of $65M Madison Mixed-Use Plan; Bear Eyes 150 M-F Rental Units in Kenosha
Gebhardt Development is planning the construction of a $65 million mixed-use project on the 800 block of East Washington Avenue in Madison.
Buchanan Street Buys $52.6M Portfolio; Hines’ Camelback II Earns State’s 1st LEED Platinum for Existing Buildings
In a $52.6 million deal, Buchanan Street Partners has acquired a 10-building portfolio totaling 446,000 square feet in metropolitan Phoenix from Carlson Real Estate Co. The sale price equates to $118 per square foot.
Cassidy Turley to Lead Leasing Efforts for Allen Center; Renovations Kick off at Hines’ 600 Travis Sky Lobby
Brookfield Office Properties tapped Cassidy Turley to provide project leasing services for Allen Center, a 3.1-million-square foot, class A office complex in downtown Houston.
Shanghai Zendai to Develop $8B Financial Hub in South Africa
Hong Kong-based developer Shanghai Zendai Property Ltd. is investing $7.8 billion in the development of a mixed-use project in Johannesburg over the next 15 years.
Amazon to Build 1 MSF Distribution Center in Kenosha
E-commerce retail giant Amazon.com Inc. has officially unveiled its plan to establish a 1 million-square-foot distribution and order fulfillment center in Kenosha. The Seattle-based company will also create more than 1,000 full-time jobs at the new facility.
Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties
Pangea Properties, a private real estate investment trust based in Chicago, has announced that, after having made significant property improvements, it has achieved 90 percent occupancy for two of its recently acquired Indianapolis communities. The company purchased both 109-unit Pangea Courts and 120-unit Pangea Riverside in 2012.
Novare, Beacon Partners to Break Ground on $60M Luxury Apts. in Downtown Raleigh
Atlanta-based Novare Group and Gregg Sandreuter’s Beacon Partners are about to break ground on SkyHouse Raleigh, a 23-story luxury apartment tower planned for the southwest corner of Martin and Blount streets in the city’s downtown.
Brookfield Office Breaks Ground on Western Canada’s Tallest Tower
Brookfield Office Properties has begun construction on the first phase of the $1.3 billion Brookfield Place Calgary office complex in the city’s downtown core.
New Gables Community to Sit Atop Whole Foods Market
Gables Residential has kicked off construction of its newest Dallas development, a mixed-use project at the intersection of McKinney Avenue and Routh Street in the Uptown district.