Business Specialties
Amazon Signs 1 MSF Lease in Alberta, Canada
The upcoming facility will span 58 acres within Border Business Park, an industrial area at the outskirts of the city, and will represent Amazon’s second distribution center in Alberta.
Hotel, Condo Project Breaks Ground in Austin
The development, slated for completion in the fall of 2019, will be equipped with a cistern rainwater system that will collect more than 40,000 gallons of rainwater for irrigation purposes on the site.
JV Sells $72M Long Island City Industrial Building
Less than two years after buying the asset, the joint venture between Metropolitan Realty Associates and TH Real Estate sold the property for a tidy profit.
AD1 Global Acquires $93M Hotel Portfolio
Seller Lingerfelt Commonwealth Partners spent $8.5 million on renovating the properties during its three-year ownership. The five assets are located in Orlando, Atlanta and Charlotte. N.C.
Sterling Bay Enters Miami With Creative Office Project
The Chicago-based company and its partners acquired a site in the Wynwood neighborhood for roughly $19 million and plan to begin construction of a 10-story, Class A project.
San Diego Life Sciences Portfolio Lands $71M Loan
HFF facilitated the five-year floating-rate financing, which will be used to transform two Sorrento Mesa buildings into Class A lab space.
Boosting Performance with Artificial Intelligence
Highlights of this month’s CPE webinar, featuring insights from Yardi Energy Vice President Akshai Rao and consultant Matt Eggers.
Cogeneration Takes Flight at JFK Airport Hotel
The adaptive reuse of a landmark airport terminal will incorporate a cost-effective combined heat and power plant.
Fed Hikes Interest Rates for Fourth Time in 2018
The Federal Reserve Bank raised its benchmark interest rate a quarter percentage point and signaled fewer hikes in 2019, in a move not unexpected by the CRE community.
Power Procurement’s Path: 2019 Outlook
How renewables, innovative contracting, storage technology and other issues will enter into the mix.