Business Specialties
Deals Pick Up the Pace in Q2
Investment volume in the second quarter of 2018 rose to $114.2 billion, a 9.1 percent improvement over the previous quarter, according to Real Capital Analytics data.
EdgeCore to Build 144 MW Data Center Campus in NoVa
The new development will comprise four buildings of 36 megawatts each. The company is expanding in key U.S. data center markets, having already acquired land in several other metros.
$300M Office Project Coming to Manhattan’s Midtown South
The 182,000-square-foot building, scheduled for completion in the second half of 2020, will replace a former hotel that was later converted to office use.
Normandy, Taconic Capital Secure MD Office Loan
HFF facilitates the acquisition financing for the 262,000-square-foot Gateway Tower in Rockville. The joint venture partners are set to upgrade the asset and add new common-area amenities.
NAI Hiffman Arranges Large IL Warehouse Lease Expansion
The tenant, JBS Logistics & Warehousing Inc., will occupy close to 400,000 square feet in the Chicago I-88 Corridor submarket.
Construction Tech Startups’ Meteoric Rise
Todd Burns, president of JLL’s project and development services group, explains what led venture capitalists to invest more than $1 billion in these companies in the first half of 2018—a 30 percent increase over 2017’s total.
Westcore Properties Adds LA-Area Facility to Holdings
The fully leased industrial facility is located in Moorpark, Calif. NKF Capital Markets worked on behalf of the seller, whereas the buyer was self-represented.
HALL Structured Finance Arranges Loan for AZ Hotel Redevelopment
The owner is set to transform the 32-key CopperWynd Resort into a 177-key luxury hotel that will operate under the Marriott Autograph Collection flag.
Brookfield Properties Lands 73 KSF Houston Office Lease
The landlord closed a lease renewal within the 4.2 million-square-foot Houston Center, at LyondellBasell Tower. Law firm Haynes and Boone will occupy three floors at the property.
Richmond Office Building Trades in Sale-Leaseback Deal
Southern States Cooperative received $14.7 million for the six-story asset. The buyer selected Cushman & Wakefield | Thalhimer to handle property management and leasing services.