Business Specialties
CPE’s Top 5 Articles in August
Miss out on any CPE stories in August? Here are five of our most popular articles for the month, including our ranking of the 2017 Top 50 Property Managers and a post on why department stores closures may not be so bad for retail real estate owners.
Intercontinental Snaps Up Austin’s 5th & Colorado
The 18-story metal and glass office tower was completed in 2016 and offers tenants a wide amenity base, as well as access to the city’s Warehouse District.
NAI Hiffman Negotiates Lease Renewal for 3M
The 410,400-square-foot build-to-suit is located in Dekalb, Ill., and has had 3M as single tenant since 2007, when it was finalized.
500-Key Hotel Mapped Out for $3B Tampa Project
Connected to the existing Marriott Waterside Hotel & Marina and adjacent to the Tampa Convention Center and Amalie Arena, 10 Water Street will be one of the first components of Strategic Property Partners’ $3 billion mixed-use project.
Morgan Buys DC Portfolio for $509M
The company’s purchase of the Mark Center portfolio, consisting of nearly 2,700 apartment units and a 63,000-square-foot retail center, is one of the largest transactions in Virginia.
PA Launches Green Tower Expansion
The Pennsylvania Housing Finance Agency’s 40,000-square-foot expansion in Harrisburg is incorporating Passive House principles to target net-zero energy consumption and LEED Platinum certification.
Duke Makes Big Strides at Lehigh Valley Park
Lehigh Valley in Pennsylvania continues to attract industrial tenants, as Duke Realty Corp. leased its recently delivered warehouse and started construction of a new industrial property in the same logistics park.
Capital One Shells Out $46M for Office Campus Acquisition
Earlier this year, U.K.-based AstraZeneca sold its U.S. headquarters in New Castle County to an affiliate of Delle Donne & Associates in a deal valued at $50 million, or $48.47 per square foot.
InterContinential Resort Debuts in Slovenia’s Capital
The new hotel features 165 guest rooms including 15 suites, offering panoramic views and contemporary interior design with sophisticated details reflecting Slovenian culture.
LA-Area MOB Lands $51M Refi
Capital One secured the loan on behalf of TriStar Realty Group. The 120,000-square-foot asset is the first new medical office building to open in the area within the last 20 years.