Business Specialties
WeWork Inks 236 KSF Lease in New York City
The coworking giant’s lease makes up nearly a third of CIM Group’s 1440 Broadway. WeWork will also get a private entrance and lobby at the building.
Citrine Advisors Secures $7M in Financing for Bay Area Property
Continental Partners arranged the loan to facilitate the purchase and renovation of the 34,149 square-foot mixed-use building in San Leandro, Calif.
Hines Partners With Workwell on Tenant App
The partnership will roll out the all-in-one app in cities like Houston and New York and in the United Kingdom first, before expanding to the rest of its global portfolio.
MCR Acquires Baltimore-Area Homewood Suites
The 147-key hotel in Linthicum, Md., located near Baltimore-BWI Airport, recently underwent a multi-million-dollar renovation. MCR did not disclose the purchase price for the asset.
Urban Outfitters Inks 310 KSF Industrial Lease in PA
The 309,000-square-foot facility is being developed by Herring Properties in Bucks County, Pa., and is slated for completion by mid-year 2019.
Faith Hope Consolo, NYC Retail Leader, Passes Away
The chairman of Douglas Elliman Real Estate’s retail division had an international roster of clients and was a consultant to the City of New York on the revitalization of Times Square.
Long Island City Tower 1st Big Winner of Amazon Move
A report by global credit rating agency DBRS looks at the impact on CMBS and other commercial real estate implications of the e-commerce giant’s decision to locate one of its HQ2 sites in the submarket.
Xenia Sells Residence Inn in $92M Deal
Situated in Downtown Denver, the 228-key property is close to more than 25 million square feet of Class A office space, a dense residential population and more than 45,000 college students.
Tremont Mortgage Closes $30M Financing for St. Louis Portfolio
The firm provided a $26.4 million first mortgage bridge loan and a $3.1 million future funding allowance for the purchase of West Park I, West Park II and Pine View Point.
Bridge Development Makes Chicago-Area Industrial Acquisition
The company will demolish the existing facility and redevelop it into a state-of-the-art distribution center by the end of 2019.