Business Specialties
Johns Hopkins, IBM Team to Upgrade Solar Forecasts
Several institutions will work on a new weather prediction system said to reduce errors by up to 20 percent. This could save power grid operators tens of millions of dollars per year.
764 KSF Industrial Portfolio Changes Hands in Charlotte
An HFF team facilitated the sale of two Class A buildings on behalf of The Keith Corp for $70.5 million.
Lingerfelt CommonWealth Buys Kansas City Office Tower
The acquisition, made in a joint venture with CrossHarbor Capital Partners, marks the commercial real estate investment firm’s entrance into the Midwestern city’s office market.
H5 Expands in WA, Acquires 240 KSF Data Center
The facility marks the company’s 12th operated in the U.S. The property benefits from a low cost of power and qualifies for the state’s tax abatement program.
The Koll Co. Adds OC Flex Building to Portfolio
The building includes office/R&D and warehouse space. The company plans to invest $4 million in upgrading the 77,000-square-foot property.
Facebook Data Center to Go All Solar
The social media giant teamed up with Pacific Power and Invenergy to bring online several farms meant to supply the Prineville facility with 100 percent renewable energy.
NKF Capital Markets Arranges Sale of MD Hilton
The 301-key Hilton Washington North Gaithersburg offers a swimming pool and a fitness center. The property is set to undergo an extensive renovation plan under the new owner.
Lendlease Tops Off World’s Tallest Timber Office Building
25 King, located at the Brisbane Showgrounds in Australia, is scheduled for completion by the end of 2018, with 43.5 percent of the building preleased to global engineering firm Aurecon.
Sterling Org. Closes Fund With $495M in Commitments
With leverage, Sterling Value Add Partners III has roughly $1.3 billion in purchasing power, which will be aimed at retail centers nationwide.
Swift Real Estate Trades San Francisco MOB
The new owner, a joint venture including Harrison Street, picked up the asset for $30 million, funded by a $25 million acquisition mortgage.