Business Specialties
Industrial Property in CA Trades for Record $214M
Pacific Industrial sold the 1.5 million-square foot property to a life insurance company. The facility is fully leased to LG Electronics and FedEx.
Miami Mixed-Use Complex Gets $53M Loan
Guggenheim Partners provided the permanent mortgage financing for the Coconut Grove asset. Whalou Properties purchased the office and retail development spanning more than 281,000 square feet in 2010.
CommonGrounds Inks 46 KSF Lease in LA
The coworking firm has signed a 13-year lease at Lincoln Property Co.’s 915 Wilshire Blvd., in the downtown L.A. financial district.
Small Business Administration Loans: New Challenges and Changes
TMC Financing CEO Barbara Morrison on recent changes to the Small Business Administration’s 504 and 7a loan programs and what they mean for emerging real estate companies.
HFF Secures $17M Refi for Sacramento Facility
The Bendetti Co. received the loan for a 302,400-square-foot industrial asset located in West Sacramento, an emerging industrial market.
HFF Arranges Refi for NC Storage Facility
The firm’s debt placement team arranged the loan on behalf of Madison Capital Group, to refinance a 719-unit property located in Wilmington N.C.
Spaces Opens 2nd DC Location
The coworking space provider took up 51,000 square feet in a recently renovated Thomas Circle-area property featuring a new private rooftop terrace and concierge-level services.
Why Inflation Is the Main Risk for CRE
RICS Chief Economist Simon Rubinsohn discusses the diverse landscape of global commercial real estate markets and highlights the risks that will impact the business going forward in a podcast hosted by Senior Editor Alexandra Pacurar.
Dominion Energy, Facebook Expand Solar Generation
The partnership will expand renewable energy generation by 350 megawatts in six solar projects slated to begin commercial operation gradually by mid-2020.
Miami Worldcenter to Get More Retail, Parking
The development team of the 27-acre mixed-use project has started construction on a 50,000-square-foot retail structure and a public garage.