Business Specialties
JV Sells $72M Long Island City Industrial Building
Less than two years after buying the asset, the joint venture between Metropolitan Realty Associates and TH Real Estate sold the property for a tidy profit.
AD1 Global Acquires $93M Hotel Portfolio
Seller Lingerfelt Commonwealth Partners spent $8.5 million on renovating the properties during its three-year ownership. The five assets are located in Orlando, Atlanta and Charlotte. N.C.
Sterling Bay Enters Miami With Creative Office Project
The Chicago-based company and its partners acquired a site in the Wynwood neighborhood for roughly $19 million and plan to begin construction of a 10-story, Class A project.
San Diego Life Sciences Portfolio Lands $71M Loan
HFF facilitated the five-year floating-rate financing, which will be used to transform two Sorrento Mesa buildings into Class A lab space.
Boosting Performance with Artificial Intelligence
Highlights of this month’s CPE webinar, featuring insights from Yardi Energy Vice President Akshai Rao and consultant Matt Eggers.
Cogeneration Takes Flight at JFK Airport Hotel
The adaptive reuse of a landmark airport terminal will incorporate a cost-effective combined heat and power plant.
Fed Hikes Interest Rates for Fourth Time in 2018
The Federal Reserve Bank raised its benchmark interest rate a quarter percentage point and signaled fewer hikes in 2019, in a move not unexpected by the CRE community.
Power Procurement’s Path: 2019 Outlook
How renewables, innovative contracting, storage technology and other issues will enter into the mix.
Missner Group Delivers Chicago Industrial Facility
The company partnered with Timber Hill Group to complete the Chaddick Industrial Center in the Northeast Cook County submarket. Cushman & Wakefield represented ownership.
Twenty Lake Holdings Purchases Foreclosed Office Assets in VA
The seller, Massachusetts Mutual Life Insurance Co., came into possession of the Class A WillowWood III and IV in March 2016.