Business Specialties
Hawaii Peaker-Plus-Storage Plant Sets Record
The world’s largest operational solar and storage system boosts Kauai’s renewable energy supply to 50 percent.
Transwestern Negotiates 59 KSF Lease in Houston
CAM Integrated Solutions is the new tenant of a 175,000-square-foot office building within the Park Ten Office Park complex in the city’s Energy Corridor submarket.
Uptick in M&A Activity Boosts Capital Flow to US
The CBRE study found that inbound capital rose 79 percent over the previous year, with the retail sector taking up the lion’s share.
London Hotel Portfolio Changes Hands for $1.3B
Queensgate Investments acquired the four upscale properties from Grange Hotels and has an agreement with Fattal Hotel Group, which will reposition and run the properties.
Copra Holdings Buys Houston-Area Storage
The company expanded its portfolio with 256 storage units in Magnolia, Texas. Bellomy & Co. represented the buyer in the transaction.
Georgetown University Buys Downtown DC Office Asset
In a nimble change of strategy, Office Properties Income Trust sold 500 First St. for $70 million rather than proceeding with a planned renovation of the soon-to-be-vacant building.
OC Shopping Center Lands $101M in Financing
George Smith Partners facilitated the non-recourse bridge debt for DJM Capital Partners, with the package replacing existing senior and mezzanine loans.
Law Firm Relocates MD HQ
By 2020, Stein Sperling Bennett De Jong Driscoll will move 150 employees to The Tower Building, a LEED Gold-certified office asset in Rockville, Md.
Suburban Atlanta Office Park Commands $24M
ESJ Capital Partners acquired the four-building Barrett Business Center from Pope & Land Real Estate and plans to undertake a comprehensive renovation process of the property.
Full Speed Ahead for Amazon HQ2 in Northern Virginia
JBG SMITH’s development in Arlington has reached a major milestone by receiving approval of all government incentives and investment packages negotiated for the project.