Business Specialties
CRE Outlook: More Financing, Payment Innovation to Come
Ten-X Commercial’s Maureen Waters forecasts the transformative effects that cryptocurrencies and crowdfunding platforms will have on commercial real estate transactions.
Carlson Starts HQ Renovation
For the first time since completion, the 16-story trophy tower in Minnetonka will be available to tenants outside of the company.
Valent Signs New Lease in San Ramon, CA
The company’s relocation to Canyon Corporate Park represents the consolidation of its Walnut Creek and Dublin operations. NKF arranged the deal on behalf of the landlord.
AREP Acquires PA Office Tower for $108M
The roughly 347,000-square-foot building is 15 miles from Philadelphia and features tenants such as Marsh & McLennan Cos., Allied Universal, Penn Mutual, AMG Funds and Airgas.
How Sears’ Bankruptcy Filing Will Influence Retail
While some malls may be hit hard, others will look to redevelop the anchor spaces with different uses, such as apartments, hotels, restaurants, offices and entertainment offerings.
Fisher Brothers Inks Long-Term Park Avenue Lease
One William Street Capital Management will occupy the LEED Gold-certified building’s entire 25th floor, joining tenants such as Capital One, UBS and GoldPoint Partners.
Ivanhoé, CapRock Develop Major Inland Empire Industrial Project
The partnership has broken ground on Colony Commerce Center, a 3 million-square-foot logistics complex. Phase one is slated for delivery next year.
High-End Airport Hotel Bridges the Gap
Connected to Minneapolis-St. Paul International Airport via a skybridge, the 291-key InterContinental includes a spa, three restaurants and 30,000 square feet of event space.
Bixby Land Co. Sells San Diego Creative Office Park
The property known as The Oberlin traded for $20.4 million and encompasses more than 62,000 square feet in the city’s Sorrento Mesa submarket.
Artificial Intelligence’s Impact on CRE
The technological advance is rapidly growing within the industry, but there are some concerns within the corporate space, according to a panel at CoreNet Global’s 2018 Summit in Boston.