Business Specialties
3 Questions with Altus Group’s Ross Litkenhous
The global head of business development talks proptech innovation, emerging technologies that will have the most impact on CRE and how disintermediation could shake up the industry.
SoCal Industrial Facility Changes Hands
Ironwood Partners traded the recently completed, 120,756-square-foot food-grade warehouse for nearly $16 million. The new owner fully occupies the property.
Opportunity Zones Program Takes a Step Forward
Recent IRS hearings aimed to clarify the new vehicle, which holds significant potential for investment in low-income communities across the U.S.
Optimus Properties Acquires LA-Area Office
The one-story structure 20 miles south of central Los Angeles contains more than 60,000 square feet. The county government is the only tenant the building.
JLL Closes $280M Loan for Brooklyn Redevelopment
AIG provided a 15-year loan to a partnership between Midtown Equities and HK Organization for Empire Stores, a 443,000-square-foot office and retail property.
Vornado Refinances NYC Mixed-Use for $580M
The REIT secured an interest-only loan to replace a 2015 mortgage on the approximately 1 million-square-foot property in Midtown Manhattan.
Google Inks 362 KSF Lease in Boston
The internet giant signed a 15-year lease at Boston Properties’ 325 Main St. redevelopment project in Cambridge, slated for completion in 2022.
Tapestry Collection by Hilton Opens First Pacific Northwest Hotel
The Hotel Group and Hilton launched The Sound Hotel, a 142-key project within the Arrivé tower in Seattle’s Belltown neighborhood.
Cambridge Engineering Debuts Evaporative HVAC Units
The E-Series and ESC-Series use significantly less energy than conventional air handling units without refrigerants.
MBA CREF 2019 Coverage
Sports legends Peyton Manning and Bill Walton, along with dozens of industry experts, addressed the Mortgage Bankers Association Commercial Real Estate Finance conference.