Business Specialties
The Rising Prominence of CRE CLOs
Commercial real estate CLOs enjoyed a banner 2018 as year-over-year volume nearly doubled. Deal size has also been increasing, but some uncertainty surrounds the vehicles’ prospects for 2019.
Seattle Office Towers Trade in Record-Breaking $740M Deal
USAA Real Estate and Touchstone’s sale of the Troy Block marks the largest single-asset real estate transaction in the city’s history.
CRE Companies Mind Their ESGs
Owners, developers and managers are ramping up environmental, social and governance initiatives to meet investor criteria and internal goals.
OH Retail Development Receives $19M Construction Financing
The three-year, interest-only loan secured by Berkadia represents 73 percent loan-to-cost and was closed with 50 percent of the retail space pre-leased.
Amazon Industrial Building in Bay Area Sells for $105M
CT Realty completed the development of the 1.2 million-square-foot industrial facility in 2018, as part of the first phase of the company’s NorCal Logistics Center.
San Diego Building Goes From Vaults to Vets
Voit Real Estate Services leased a former bank vault facility to the Veterans Administration, which will operate it as an outpatient clinic once renovations and a major addition are completed.
Sealy & Co. Acquires 1 MSF Industrial Asset in MS
The Class A distribution facility in Olive Branch is fully leased to Williams Sonoma. The asset is less than 20 miles from the country’s busiest air cargo airport.
Silverstein Properties, Partners Pay $452M for Philadelphia Tower
Acquired in a JV with Arden Group and Migdal Insurance, 1735 Market Street marks Silverstein’s first office investment outside Manhattan.
WAFUSA Logistics Relocates, Triples MI Space
Colliers International’s Tim Van Noord brokered the lease, which represents the tenant’s third expansion in Grand Rapids since its 2013 launch.
Austin’s Manor Expressway Project Lands $47M Loan
The project will add three direct connectors in addition to the single existing one, currently owned and operated by the Texas Department of Transportation.