Business Specialties
Utah’s Salty Solar Storage Solution
An unusual geological feature in central Utah provides the setting for a plan to create a 1,000-megawatt solar energy storage project.
Tampa Industrial Facility Sells for $26M
ASB Real Estate Investments purchased the 368,664-square-foot warehouse on behalf of its Allegiance Fund. The property is fully leased, with a tenant roster including Amazon.
Digital Realty’s International Growth Continues
The new 28-megawatt facility, spanning over more than 247,000 square feet, will be connected via dark fiber to subsequent phases of the Digital Osaka Connected Campus.
Peloton Warehouses With CenterPoint in Chicago
The company will join Xpress Global Systems at the owner’s speculative building in Franklin Park, bringing the facility to 50 percent occupancy.
Industry Watches as Fed Says No Rate Cut—For Now
The Federal Reserve opened the door to an easing of monetary policy next month, which is good news and bad news for real estate investors.
Onni Group Lands $550M Loan for Miracle Mile Asset in LA
The Canada-based company bought 5700 and 5750 Wilshire Blvd., also known as Wilshire Courtyard, from Tishman Speyer for $630 million.
ACORE Capital Closes $556M Debt Fund
Along with its closing of $2 billion in separate accounts capital, the company now has a combined incremental lending capacity of up to $7 billion.
New York Passes Climate Leadership and Community Protection Act
The bill aims to address and mitigate the effects of climate change by cutting greenhouse gases, diverting the state’s energy reliance to renewable energy and creating green jobs across the state.
Pittsburgh Casino Checks In With $60M Hotel
Rush Street Gaming will break ground on the 219-key project this summer, effectively laying the groundwork for the property to become a full-service gaming resort destination.
San Diego-Area Retail Center Commands $27M
After 12 years of ownership, Greenstreet Partners sold Poway Crossings, a 109,455-square-foot community shopping center in Poway, Calif. HFF facilitated the deal on behalf of the seller.