Business Specialties
Digital Realty Expands Sydney Data Center Campus
The company’s newest campus will complement adjacent facilities. Digital Realty plans to have at least six facilities in the metro by 2020, all interconnected by dark fiber.
Rosenthal Properties Buys Suburban MD Warehouse
The 110,000-square-foot property in Frederick, Md., faces Interstate 70 and is fully occupied by Colonial Sash & Door, United Refrigeration Inc. and other companies.
USGBC Launches LEED Zero Program
The new program is aimed at projects that are LEED-certified and provide 12 months of performance data across four categories.
Lincoln Property Buys MO Industrial Portfolio
The properties comprise eight buildings within two adjacent industrial parks, totaling nearly 800,000 square feet. Newmark Knight Frank completed the deal on behalf of the seller.
Peloton to Relocate HQ to Hudson Commons
The global cycling equipment and technology company will occupy more than 300,000 square feet at the redeveloped 25-story building in Manhattan.
Vornado Realty Trust Refinances NYC Retail Property
The financing replaces an existing $205 million loan on a 78,000-square-foot Manhattan building occupied in its entirety by Old Navy.
Goldman Sachs JV Buys NJ Retail Center
Springfield Avenue Marketplace in Newark comprises 120,000 square feet and provides residents from the area—including students from four universities—a wide array of shopping and dining options.
Don’t Rush to Opportunity Zones
Leaders in the real estate and finance sectors advised those looking to take part in the federal program to proceed with caution.
New Locales Are Prime for Amazon’s Dual HQ
NetCMG’s Jonathan Hipp points to the market-wide shifts that are already occurring in the wake of the e-commerce giant’s rise, accelerated by the company’s decision to split its new headquarters.
Where Are Transactions Moderating?
Supply has remained in check throughout the recovery, and overall fundamentals remain steady, although slowing deal flow may persist for some property types, according to Yardi Matrix’s Chris Nebenzahl.