Tudor Scolca
Tudor Scolca-Seușan is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.
Core Philly Asset Scores $13M Refi
The 24-story hotel and residential tower is situated in Center City. Meridian obtained the loan from a balance sheet lender.
Trammell Crow Adds New VP in Philadelphia
In his new role, Michael Wilson will manage the Northeast metro business unit’s operations. He has more than 18 years of experience in the healthcare and real estate development sectors.
Boston-Area Casino Trades for $10M
The 23.5-acre site originally served as a jai alai arena and was redeveloped into a casino in 2008. The new ownership plans to redevelop the property into a mixed-use development as soon as the casino relocates later this year.
H5’s ATL Data Center Starts Expansion
The company will add an additional 22,000 square feet to the facility, which is in one of the country’s top interconnection points, with access to over a dozen metro and long-haul network carriers.
Apple Hospitality Expands AZ Portfolio With $44M Phoenix Buy
Developed by Mortenson Construction and designed by PK Architects, the 210-key Hampton Inn & Suites by Hilton Phoenix Downtown marks the REIT’s 12th hotel property in the state.
Scottsdale Plaza Resort in AZ Receives $64M Refinancing
The property’s owners will use the proceeds to retire an existing $57.2 million CMBS loan from JPMorgan Chase, which they secured in 2006.
T5 Adds Second Data Center in Atlanta
The new facility will deliver an initial 10 megawatts of critical power load, with a possibility to expand to more than 20 megawatts in the future, according to tenants’ needs.
Critical Thoughts With Carter Validus’ Michael Seton
The recently appointed CEO of CVMC REIT I and II discusses the importance of portfolio diversification with mission critical facilities, the basics of investing in specialized asset classes and the essential criteria employed.
Freddie Mac Hires New VP, Chief Economist
Sam Khater brings more than 20 years of finance experience to Freddie Mac. He previously worked for CoreLogic and Fannie Mae.
Sitex Group’s 271 KSF Facility in NJ Finds Tenant
The newly completed facility is close to major thoroughfares, most notably Route 17 and interstates 87 and 287. NAI James E. Hanson arranged the long-term lease with a tools manufacturer.