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.
T2 Capital to Invest $10M in PA Distribution Facility
The company acquired the currently vacant facility with plans to fully upgrade and rebrand it as Canonsburg Distribution Center. The improvement program is slated for completion in September.
Stream Data Centers to Build Hyperscale Facility in DFW
The company plans to invest a minimum of $200 million and create at least 20 new permanent jobs in order to qualify for Texas’ House Bill 1223, providing them with a 10- to 15-year sales tax exemption.
Foxfield and Novaya Receive $8M Loan for NJ Acquisition
The joint venture invested in three properties located within Pureland Industrial Complex, a 3,000-acre park providing immediate access to major distribution routes and the Ports of Camden and Philadelphia.
Canadian Investor Nabs Miami-Area Office for $21M
The 101,941-square-foot property is situated at one of the busiest intersections in Broward County, Fla., which has an annual average daily traffic count of more than 36,000 vehicles.
JV Sells 250 KSF Seattle-Area Distribution Facility
Completed last year, Fife I-5 Commerce Center sits within three miles of Port of Tacoma and is fully leased to Associated Materials on a long-term basis.
NKF Expands Philadelphia VAS Team
The Valuation & Advisory group rapidly grows nationally and locally. NKF’s Philadelphia office hired two veterans with approximately 45 years of combined real estate experience.
Carter Validus REITs Appoint New CEO
Michael Seton will take on a dual leadership position at both Carter Validus REITs. He brings more than two decades of real estate financing experience.
STIHL Expands Virginia Beach Corporate HQ
The new 80,000-square-foot addition to STIHL’s corporate headquarters and manufacturing campus will include office space, a museum and a customer welcome center.
Skanska Appoints new SVP in PA Office
In his new role, Todd Lofgren will oversee the account management team, train new employees and develop the office’s regional strategy.
Tuft & Needle’s Phoenix HQ Trades for $9M
In 2012, the e-commerce and manufacturing firm acquired and completely renovated the iconic building in the city’s downtown area. Retail Realty Fund now purchased the entire 36,000-square-foot property from SimonCRE.