Barbra Murray
Berlin Tops Europe’s Office Markets—Still
A strong economy and job growth keep the German capital at the head of Scope Analysis GmbH’s latest survey of rental rate growth in 20 leading cities.
NKF Arranges $66M Loan for SF-Area Office Project
With construction financing in place, Acclaim Cos. will push ahead with the development of a 100,000-square-foot spec project in Redwood City, Calif.
LaSalle Investment Buys Amsterdam Office Tower for $63M
Acting on behalf of its Encore+ fund, a Continental European investment vehicle, the company acquired the 167,900-square-foot Luna Arena from PingProperties.
Grocery-Anchored FL Retail Center Commands $74M
Investors remain keen on Palm Beach County, where MetLife Investment Management acquired the Shoppes at Isla Verde, a 207,000-square-foot shopping center.
Vornado Realty Trust Refinances NYC Retail Property
The financing replaces an existing $205 million loan on a 78,000-square-foot Manhattan building occupied in its entirety by Old Navy.
Skanska Tops Out Seattle Office Tower
The 2+U high-rise, taking shape above a plaza that will feature 17,000 square feet of retail and cultural space, will hover 530 feet over the city’s central business district.
JV to Acquire Detroit Casino-Hotel for $1B
VICI Properties and Penn National Gaming entered into an agreement to purchase the Greektown Casino-Hotel, which includes 100,000 square feet of casino space and a 30-story hotel tower.
World’s Most Expensive High Streets
Tracking more than 400 top retail streets, Cushman & Wakefield’s 30th edition of its Main Streets Across The World report ranks them by their prime rental value.
MCR, BLT Close $648M Hotel Portfolio Financing
A Bank of America-led consortium provided the funding, which is secured by a 53-property, 5,958-key collection of lodging properties operating under the Marriott and Hilton brands.