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.
NKF Adds Executive VP to LA Office
The newest member of the LA team brings more than 20 years of experience in real estate valuation. Miles Loo Jr. specializes in data center valuation and recognized the impact that IoT would have.
NAP Breaks Ground on Midtown Redevelopment
The re-imagined Colony Square will feature multiple upscale restaurants and retailers, several entertainment destinations, as well as a new office building totaling 172,000 square feet.
Choice Opens New Orleans Hotel
The newly constructed, 162-key Warehouse District property is situated within the central business district and close to the French Quarter.
Phoenix Industrial Asset Trades for $7M
The 86,000-square-foot distribution building is situated near Interstate-10 and Route 202. Axus Technologies occupies 23,000 square feet at the facility.
Hyperscale Data Center Campus Coming to DFW
The master-planned development known as AllianceTexas will be the home of a massive hyperscale data center, T5@Alliance. At full build-out, over 400 MW of dedicated critical power will be available.
Equinix Acquires Istanbul Facility for $93M
The company acquired three buildings from Zenium, one of which currently serves as a colocation facility that generates annual revenues of $2.5 million.
Digital Realty Extends Silicon Valley Footprint
The company already has 99 MW available in Santa Clara, across 17 facilities. A new one will be added at 3205 Alfred St., with an estimated investment price of $75 million.
Xenia Buys Arlington Hotel for $105M
The hotel is situated in one of the busiest upscale segments of Arlington county. The property recently underwent an $11 million renovation.
Las Vegas 644 KSF Site Changes Hands
Marcus & Millichap represented the seller in the transaction, which hit a record-high price of $18.5 million. The Las Vegas Strip is nearby, as is the planned future home of the NFL’s Las Vegas Raiders.
Philly Investor Nabs Shopping Center in the Metro
The 359,673-square-foot property boasts good exposure and is situated off a major junction in Exton, Penn., only 30 miles from Philadelphia.