Business Specialties
NCC Closes $33M Sale of Sacramento Retail Center
With a 98 percent occupancy rate, Laguna Village Investors LLC bought the 15-acre asset anchored by Regal Cinemas and 24 Hour Fitness.
San Jose Office Tower Lands $200M
NKF Capital Markets arranged the acquisition financing on behalf of Lane Partners for HQ@first, a 603,666-square-foot, three-property creative office tower.
Curio Collection Opens First Hotel in Australia
The West Hotel Curio Collection by Hilton comprises 182 guestrooms and was designed by Fitzpatrick + Partners, with interiors by Wood Bagot.
M&T Bank Sells Pair of NJ Office Assets
The assets total 92,000 square feet and previously changed hands when M&T Bank purchased them through the acquisition of Hudson City Savings Bank in 2015.
Spaces Opens Flagship Location in Manhattan West
The co-working firm plans to occupy 103,000 square feet at Brookfield’s The Lofts at Manhattan West, marking the company’s largest U.S. lease to date.
Microsoft’s New SV Campus Aims for Maximum Green
The major facility now under construction could be the first tech campus to achieve net zero, non-potable water use. Moreover, the buildings will be designed to meet LEED Platinum certification and will feature solar panels, a “living” roof and more.
KDC, Seritage Plan 1 MSF Dallas Office Project
The two-tower development will be erected on the site of a former Sears department store as one component of Seritage’s 23-acre mixed-use destination.
MRP Breaks Ground on 3-Building PA Industrial Project
Hamburg Logistics Park will be located off Interstate 78 in Berks County. When finished, it will consist of approximately 1.9 million square feet of space.
Private CRE, Public Education Development Among Construction Spending Highlights
Private construction provided a bright spot, on both year-to-date private residential and non-residential spending, a report from the Associated General Contractors of America showed. However, the association raised concerns about declining infrastructure spending.
Refi Replay: A Buyer’s Market Looms for 2018
If you liked refinancing in 2017, you’ll probably love 2018. Next year is likely to feature low interest rates, generous interest-only periods and compressed spreads.