Business Specialties
New York Life REI Originates $94M for Bay Area Office Asset
The 20-year mortgage will be used to finance the redevelopment of Westlake Realty Group’s nine-story, 118,000-square-foot headquarters in San Mateo.
TerraCap Management Expands DFW Presence
Griffin Partners worked with CBRE to sell the roughly 368,000-square-foot, Class A Preston Park Financial Center in Plano, after more than a decade of ownership.
TN Industrial Distribution Facility Trades for $24M
Superior 3rd Party Logistics Inc. already inked a 237,000-square-foot lease at the Couchville Pike Business Center I in Mt. Juliet with the new owner, a Fortress Investment Group-lead joint venture.
DAD Acquires San Diego Hotel for $86M
The purchase of the 353-key Marriott Mission Valley marks the company’s first California foray. The owner also plans to develop a second property on the same site.
Tech Start-Up Broadly Opens Baltimore Office
The Bay Area company moved into a 7,500 square-foot space in the Southeast Baltimore submarket where it plans to hire 50 employees.
Energy-Smart Student Center Debuts in LA
A signature roof design is a key to efficiency for Cal Poly Pomona’s new student services building, which is a candidate for LEED certification.
States Jump-Start 2019 Energy Initiatives
Governors and legislatures fast-track plans to cut their states’ carbon footprints and expand alternative sources.
Costly Upgrades Loom for US Transmission Grid
Infrastructure and distribution upgrades needed to handle increased electrification demands could cost up to $90 billion by 2030 and several times more by 2050.
Sumitomo Welcomes InnerWorkings to Chicago Office Tower
The global marketing execution firm will relocate its headquarters to 203 North LaSalle. The deal brings the office building to 71 percent occupancy.
Duke Realty Inks GA Industrial Lease
Slated for delivery in September, the 194,120-square-foot warehouse will be accessible via CSX rail. NFK worked on behalf of the tenant in the transaction, a logistics company.