Business Specialties
Onni Group Lands $550M Loan for Miracle Mile Asset in LA
The Canada-based company bought 5700 and 5750 Wilshire Blvd., also known as Wilshire Courtyard, from Tishman Speyer for $630 million.
ACORE Capital Closes $556M Debt Fund
Along with its closing of $2 billion in separate accounts capital, the company now has a combined incremental lending capacity of up to $7 billion.
New York Passes Climate Leadership and Community Protection Act
The bill aims to address and mitigate the effects of climate change by cutting greenhouse gases, diverting the state’s energy reliance to renewable energy and creating green jobs across the state.
Pittsburgh Casino Checks In With $60M Hotel
Rush Street Gaming will break ground on the 219-key project this summer, effectively laying the groundwork for the property to become a full-service gaming resort destination.
San Diego-Area Retail Center Commands $27M
After 12 years of ownership, Greenstreet Partners sold Poway Crossings, a 109,455-square-foot community shopping center in Poway, Calif. HFF facilitated the deal on behalf of the seller.
Duke Energy Solar Project Achieves Commercial Operation
Duke Energy Renewables acquired the 150-megawatt North Rosamond from a subsidiary of Clearway Energy Group. The solar farm generates enough energy to power approximately 71,000 homes.
VA Expands Solar Generation Capacity by 200MW
Cypress Creek Renewables and Carolina Solar will develop three solar projects in Halifax and Orange counties. The farms are expected to generate enough electricity to power more than 25,000 households.
Craft Brewer Cuts Costs by Installing Rooftop, Carport Solar
The solar system’s total size is 270 kilowatts and is estimated to reduce energy consumption by 30 to 40 percent.
Kilroy Realty Receives $18M for Office Asset
Majestic Asset Management is the new owner of the roughly 84,000-square-foot, three-story building in Thousand Oaks, Calif., which underwent major renovations in 2011.
How Climate Change Is Affecting Real Estate Values
Three major storms exacted a $200 million economic toll in 2017 alone. What are the best strategies to protect investments?