Business Specialties
NYC Garage Portfolio Commands $50M
Kamber Management Co. added three prime condominium-based facilities to its collection. The properties are fully leased to Icon Parking Systems.
Lightstone Lands $260M Refi for Times Square Hotel
Goldman Sachs provided the refinancing for the 612-key Moxy Times Square, which made its debut in September of this year.
Allianz Takes Stake in Times Square Tower
The purchase from SL Green capped a year of investments in U.S. real estate that reached $3.5 billion for the company, which now has $16.3 billion in assets under management nationwide.
Thor Secures 3 New Lessees in Houston
Hancock Whitney Bank, Novum Energy and Regency Centers will be tenants at 3200 Kirby, a new 186,000-square-foot Class A office building and luxury mixed-use development.
GreenWise Market Coming to Mt. Pleasant, SC
Regency Centers revealed its plans to develop a GreenWise Market in Indigo Square, scheduled to open in the fourth quarter of 2018.
Cambridge College Unveils New Boston Campus
The new Charlestown campus responds to the college’s need for a cohesive location and provides 108,000 square feet of modern educational space.
Hong Kong Tops List of Most Expensive Office Locations
Cushman & Wakefield research shows the city has replaced London’s West End as the most expensive to accommodate staff.
Zero-Net Energy Buildings Market to Reach $78.8B by 2025
An increasing number of property owners around the world are turning to onsite renewable resources to fully support energy needs at their buildings, according to a new report by Grand View Research Inc.
New JV to Build 120 KSF CA Self-Storage Facility
A joint venture of Miami City Self Storage and Cypress Equity Investments will develop its first facility in Inglewood, Calif. Self-storage lending REIT Jernigan Capital has invested $28.7 million in the project.
ezStorage Opens 1st Alexandria, VA, Location
The company has opened its first self-storage asset in the D.C.-area city, after completing construction in one year using a $12 million loan. The three-story facility totals 132,423 square feet.