Business Specialties
ACCIONA Plans 2nd Texas Wind Farm
The 145-megawatt Palmas Altas wind park is estimated to cost around $200 million and is slated to produce about 524 gigawatt-hours of clean energy yearly.
New Orbital ATK HQ Breaks Ground in Arizona
Willmeng Construction is building the 617,000-square-foot office project in Chandler, working on behalf of developer Douglas Allred Co. The campus will host the launch vehicles division for the aerospace giant.
Australia Approves Solar Park for Bitcoin Mining
Located some 130 miles south of Perth, in Western Australia’s Shire of Collies, the 20-megawatt facility should come online within the next six months.
Sterling Bay Nails Down $181M Loan for Chicago Tower
The Class A office project continues the company’s streak of high-profile deals on the city’s Near West Side, including acquisitions, new developments and adaptive-reuse projects.
Forest City JV Buys $300M Stake in Cambridge Assets
The properties include 486,000 square feet of predominantly life sciences office space, in addition to a parking facility and commercial space.
Midtown Miami Hotel Lands $21M Construction Loan
The 153-room hotel—expected to open in mid-2019—will be situated at the corner of Northeast 34st Street and Biscayne Boulevard, a few blocks away from the Shops at Midtown Miami.
Tru by Hilton Expands Texas Footprint
The 95-key Tru by Hilton Downtown San Antonio marks the brand’s second property in the state and its first adaptive reuse project, creating the hotel from the facade of the Gillespie Ford Building.
JPA Management Sells Maine Shopping Center
Falmouth Shopping Center is currently 89 percent leased to anchor-tenant Shaw’s Supermarket, as well as Goodwill, Bank of America, Ocean State Job Lot and Sullivan Tire.
Cabinet Distributor Expands Houston HQ
Asia Cabinetry renewed its headquarters lease, expanding its footprint to more than 41,000 square feet in the Class B industrial asset.
Savills Studley Office Report: Shifting Concessions
Per the firm’s 2018 Effective Rent Index, rates continue to increase and concessions remain on the downswing in tech-centric cities, while markets dependent on traditional users experience the opposite.