Business Specialties
Harbor Associates, Ascentris Acquire San Diego Office Property
The Class A Pinnacle comprises 110,110 square feet across five stories and was purchased from BioMed Realty for $31.2 million.
Blackstone Trades $170M South FL Hotel
Brookfield Property Group picked up the 589-key Hilton Fort Lauderdale Marina. The previous owner renovated the 1980s-era asset 10 years ago.
Taking the Measure of Benchmarking
IREM Director of Sustainability Todd Feist discusses the insights gleaned from a wide-ranging study.
Emissions-Free Power Plant Prototype Advances
A joint venture of Exelon Generation, McDermott International and 8 Rivers Capital achieved an important milestone when it successfully fired the commercial-scale combustor in Texas.
CA Raises the Bar for Solar
Landmark regulations will affect multifamily development. The rules aim to cut the state’s carbon footprint but raise concerns about increased costs.
Banner Oak Closes 2 Funds Totaling $800M
The Dallas-based company’s latest investment vehicles are intended to provide equity capital to real estate operating platforms at both the enterprise and property levels.
Simon Property Turbocharges EV Efforts
The retail REIT is expanding its electric vehicle facilities with new charging stations at more than 30 properties.
Closeup on Corporate PPAs
Customers should ensure that power purchase agreements for renewables address pricing risk, ScottMadden advises.
Louisiana’s Margaritaville Resort Casino to Sell for $376M
In separate transactions, VICI Properties will acquire the Bossier City, La., gaming destination’s real estate properties, while Penn National Gaming will purchase the operating assets.
Charlotte Office Park Scores $119M Refi
Constructed between 2001 and 2008, the six Class A buildings are 95 percent occupied, with a tenant roster including Selective Insurance, Crown Castle, Heartland Payment Systems and TIAA-CREF.