Business Specialties
GM, DTE Energy Sign Agreement for 300GwH of Wind Power
To date, 20 percent of GM’s global energy supply comes from renewable sources. The car manufacturer is a member of the Renewable Energy Buyers Alliance.
Transactions: March 2019
The following is a list of transactions that were announced over the month of February 2019.
Phoenix Office Building to Undergo $17M Revamp
New owner George Oliver Cos. will transform CASA, an Uptown property formerly known as Catalina Terraces, into a modern workplace focused on tenant health and wellness.
Radisson Collection Hotel Expands to Warsaw
Situated in the city center, the hotel will be transformed into a Radisson Collection Hotel. The property is scheduled to open in May.
Chiesi USA Relocates to New NC Headquarters
The pharmaceutical company collaborated with Gensler in shaping its new corporate office at the recently completed Regency Woods II in Cary.
Tacoma Marriott Lands $78M in Construction Financing
3650 REIT facilitated the loan for the development of a 304-key hotel directly connected to the Greater Tacoma Convention Center.
JV to Acquire Embassy Suites in Baltimore
An HFF team arranged the partnership and secured the acquisition financing. The Hilton-branded hotel previously sold in 2014 for $21.2 million.
Austin-Bergstrom Airport Wraps Phase I of $350M Expansion
Austin-Bergstrom International Airport’s $350 million, LEED Silver-certified development added nearly 170,000 square feet to the Barbara Jordan Terminal.
Life After Amazon for Long Island City’s One Court Square
Ratings agency DBRS’s new report forecasts outcomes for the property in light of a looming $315 million loan maturity and the 1 million-square-foot vacancy that the e-commerce giant had planned to fill.
Westlake Realty Completes Bay Area Office
The building totals 132,000 square feet and is the second phase of the 1 million-square-foot San Leandro Tech Campus. The first property opened in late 2016.