Business Specialties
Normandy Lands $46M Loan for DC Office Asset
Natixis arranged the financing on behalf of Normandy, which acquired the building in 2015 through a joint venture with NTT Urban Development Corp.
New Collaborative Space Coming to Downtown Kansas City
The Cordish Cos. is expected to bring the 15,000-square-foot project to fruition at Two Light Luxury Apartments in the vibrant Power & Light District by late 2018.
Economy Watch: Office Absorption Posts Strong ’17
Vacancy declined in a variety of markets, and top metros posted significant gains in rental rates, Transwestern reports.
McGuireWoods Relocating NYC Office
The firm has signed a 15-year lease to occupy 41,900 square feet at 1251 Avenue of the Americas, a 54-story office tower Mitsui Fudosan America Inc. owns in Midtown Manhattan.
Tutor Perini Unveils $1.4B Newark Airport Project
In a joint venture with Parsons Transportation Group, the company will build a 1 million-square-foot terminal, marking the largest transportation infrastructure design-build contract in New Jersey history.
Retail Shows Surprising Resilience: IRR Report
Despite retailer bankruptcies and the onslaught of e-commerce, the retail real estate sector in most markets is in reasonably good shape, the analysis concludes.
Sports Venues Spark Revitalization
In a new report highlighting the impact of Nationals Park in Washington, D.C., RCLCO points to a trend in stadium-inspired community transformations.
Dairy Exporter Inks 64 KSF Miami Lease
The firm will occupy more than half of the Class A industrial asset, which features roughly 50,000 square feet of refrigerated storage.
Hyatt Regency Bethesda Completes $37M Transformation
Gensler collaborated on the renovation, which brought upgrades to the hotel’s 390 guestrooms, lobby, facade, event and meeting spaces, as well as a new rooftop lounge.
Equity Office Secures New Tenant at Chicago Office Building
Gartner Inc. will be moving its Midwest operations to one of Equity’s River North Point’s assets in order to accommodate its business expansion.