Business Specialties
American University’s Road to Carbon Neutrality
American University has achieved carbon neutrality, reaching the its goal of zero carbon footprint two years early. The university attributes achievement to solar power and campus-wide efforts.
MGM Resorts Bets on 100MW Solar Array
Located 25 miles north of Las Vegas in the Dry Lake Solar Energy Zone, the solar project will provide as much as 90 percent of daytime power to MGM Resorts’ properties on the Strip.
Xcel Advances $1.6B Wind Plan for Texas, NM
Xcel Energy will own and operate two more wind farms in Texas and New Mexico, which combined will have 1,230 megawatts of capacity. The facilities are anticipated to save customers in the region $2.8 billion over a 30-year period.
The Unique Challenges of EB-5 Defaults
While the program has been a valuable financing tool for the real estate industry, it has also attracted poorly conceived projects and abuses. Avison Young Principal Jay Maddox offers insight on what to do when things go wrong.
Amazon’s Challenge to Institutional Real Estate
Amazon’s top picks for its second headquarters are showing real estate investors how they can find value in select non-gateway markets, argue CenterSquare Invesment Management’s Scott Crowe and Uma Pattarkine.
NYU’s Sam Chandan on the Changing Real Estate Capital Markets
The associate dean of the NYU Schack Institute of Real Estate discusses how economic and policy changes are impacting the real estate capital markets, the potential for a next recession and the risks investors should consider going forward.
Mixed-Use Brooklyn Asset Changes Hands for $12M
CW Realty purchased the asset in Brooklyn’s Bushwick neighborhood. The site consists of two tax lots that offer roughly 44,000 square feet of buildable area.
Meritex Grabs Charlotte Industrial Asset
The new owner plans to begin a capital improvement program to reposition the vacant building in the city’s Airport/West submarket.
Terreno Expands WA Portfolio With $6M Industrial Buy
The property is located a 20-minute drive south of downtown Seattle. The asset comprises a distribution facility and 42 parking spaces.
CRG Sells GA Industrial Asset for $57M
Griffin Capital picked up the recently completed 1 million-square-foot cross-dock facility, which was a build-to-suit project for Shaw Industries Group.