Business Specialties
Gladstone Commercial Corp. Acquires Fully Leased OH Property
The industrial asset has been serving as Midwest Acoust-A-Fiber’s headquarters since its completion in 1990. The company, which is also the sole tenant, has signed a lease extension.
Tampa Flex Office Portfolio Trades for $15M
The buyer, a private investor, funded the acquisition of the two buildings with more than $10 million in financing from Starwood Mortgage Capital.
Atlanta-Area Industrial Center Scores LEED Silver Certification
The two buildings are estimated to use about 25 percent less energy and 35 percent less water than traditional facilities, with savings directly benefiting tenants.
California Steps Up Clean Energy Push
A package of legislation aims to ensure that utilities supply 100 percent carbon-free energy by 2045.
NJ Eyes Largest Single-State Offshore Wind Installation
The state is working toward 1,100 megawatts of offshore wind capacity to start construction before the federal tax credits expire.
Nearly $1.5B in CMBS Possibly at Risk from Hurricane Florence
Morningstar Credit Ratings has identified more than 180 securitized commercial mortgages on properties in North Carolina counties that have been declared disaster areas because of the storm.
CREC Lands Miami Office Assignment
The firm will oversee leasing operations at Renaissance Properties’ Class A, 252,244-square-foot Aventura Corporate Center. The owner renovated the office asset following its acquisition of the property in 2016.
Tikehau Capital to Acquire Leading French CRE Firm
The transaction, which predominantly involves office and retail properties, will increase the alternative asset management and investment group’s portfolio from approximately $3 billion to $8.6 billion.
Bridge Investment Buys Suburban Chicago Office Complex
The company has expanded its portfolio with the addition of O’Hare International Center, a pair of nine-story Class A office towers adjacent to O’Hare International Airport.
Knoebel Construction Delivers St. Louis HopCat Restaurant
Together with architect Cuhaci & Peterson, the two companies renovated a historic building in the Delmar Loop neighborhood and created HopCat’s 17th location in the U.S.