Timea-Erika Papp
Timea is a senior writer covering CRE marketing, tech and real estate trends, as well as industry news in the U.S. Timea was previously a senior associate editor at Multi-Housing News and Commercial Property Executive and has an academic background in law. She has been working in the real estate industry since 2011. Reach her via email.
Lee & Associates Closes $11M Simi Valley Sale
The R&D facility traded at one of the highest per-square-foot prices for the product class in the region.
Blackstone Bets $4.3B on Bellagio
In a joint venture with MGM Resorts, Blackstone Real Estate Income Trust has agreed to buy the iconic Las Vegas resort.
Historic St. Louis Property Completes Redevelopment
The site includes a remodeled BMO Harris Bank and a newly built Walgreens store.
Google to Pump $3.3B Into European Data Center Expansion
This will bring the company’s total investment in Europe’s internet infrastructure to more than $16 billion since 2007.
NorthMarq Secures Financing for St. Louis Mixed-Use Buy
The team of Senior Vice President Jeff Chaney and Vice President Dan Baker facilitated the transaction through StanCorp Financial Group.
SARA Investment Expands St. Louis Footprint
The nearly $9 million office acquisition marks the buyer’s ninth investment in the market. The upgraded asset is in the city’s Northwest suburb.
Ravel Hotel in Long Island City Debuts Expansion
Steven Kratchman Architect P.C. spearheaded the multi-faceted transformation of the boutique hotel into a city landmark. The property is part of Wyndham’s Trademark Collection.
Appraisal District’s New Austin Office to Undergo Reno
TCAD acquired the building for nearly $9 million. Improvement work at 850 E. Anderson Lane is expected to commence later in November, with completion slated for May 2020.
Manhattan Office Report – Spring 2019
Although more than 14,600 professional and business services jobs were added in the metro, the financial activities sector lost 1,500 positions due to industry restructuring and business consolidations.
St. Louis Business Center Changes Ownership
Green Street St. Louis acquired Cassens Business Center for $2.3 million in 2016 and completely renovated the property before selling it for $14 million with the assistance of Stan Johnson Co.