Business Specialties
Easterly to Pay $430M for US Government-Leased Portfolio
The REIT is set to purchase a multi-state portfolio encompassing 1.5 million square feet. The deal brings the company’s completed or pending acquisitions to $514.9 million since the beginning of 2018.
NYC Retail Portfolio Commands $55M
Marcus & Millichap worked on behalf of the seller—a longtime family owner—in the 19-property transaction and also procured the buyer, Chestnut Holdings.
CVMC REIT Sells 2 Data Centers for $85M
The two properties, featuring a total of 224,500 square feet in the Milwaukee and Atlanta areas, were picked up in transactions by separate buyers.
Skanska to Build $188M Hollywood Hospital Addition
The new acute care services building for CHA Hollywood Presbyterian Medical Center, along with other upgrades and renovations, will total roughly $291 million upon completion in 2020.
HFF Arranges Financing for CO Office Asset
The six-story, Class A office building, which was built in 1998 and renovated in 2017, was 94 percent occupied at the time of the sale.
Richmond Honan Picks Up Atlanta Offices
A joint venture between Pope & Land Enterprises and Noro traded the two buildings for $44 million. The seller bought the property in 2015 for $24.5 million.
CommercialCafe Report: What to Do With Vacant Land in Major CBDs?
Covering the central business districts of 25 U.S. metros, the study proposes solutions through the voices of citizens in said areas. How much land? Try 442 football fields worth of infill space.
Cushman & Wakefield Research Head Offers Forecast for 2020
What’s in store for commercial real estate—slowdown, recession or neither? Revathi Greenwood presents the outlook at NAREE’s national conference in Las Vegas.
Ground Breaks on 1.4 MSF Chicago Office Tower
Howard Hughes Corp. and Riverside Investment & Development Co. have already signed Bank of America to a 500,000-square-foot lease at 110 North Wacker, scheduled for delivery in the fourth quarter of 2020.
Boston-Area Arsenal Yards Development Receives $109M
The project will bring more than 1 million square feet of mixed-use space to Watertown, Mass. The first phase is currently underway, with completion slated for 2019.