Business Specialties
177 KSF San Diego Office Asset Lands Refi
Working on behalf of Cruzan, CBRE secured a $41.2 million senior loan for the refinance and lease-up of creative office asset Make in Carlsbad, Calif.
Clarion Partners Lands $105M for LA Industrial Facility
HFF arranged a floating-rate loan with a foreign bank for The Brickyard, a two-building, one million-square-foot property located in Compton, Calif.
Zeller Taps JLL to Lease Atlanta Office Tower
The real estate company acquired 100 Peachtree in May and has selected design and architecture firm Gensler to spearhead renovations at the property.
Topson Downs Leases 443 KSF Inland Empire Warehouse
DAUM Commercial Real Estate Services represented the tenant in the transaction. The 10-year lease was completed for a total consideration of $30 million.
Pop-Up Shops Going Global
The effects of e-commerce on brick-and-mortar are on the rise and players from both sides of the line are increasingly turning to popup space. CPE talked to Patrick Burkert, co-founder & CMO of Go—PopUp, about the niche’s relationship with classic real estate and about the future of the field.
Allianz, Columbia Team Up on $421M DC Purchase
HFF represented seller PGIM Real Estate and procured the buyer. The 10-story, LEED Gold-certified 1800 M St., N.W., is currently 94 percent leased to 34 tenants and features below-grade parking and ground-floor retail.
EU Green Building Spendings to Reach $112B by 2026
According to Navigant Research’s new report, Europe will invest a great deal in intelligent digital building technologies to remain successful in reaching efficiency goals. Examining eight commercial building types, the study covers seven product categories.
Columbia Expands NYC Portfolio With $514M Office Buy
Neither of the buildings in the portfolio has any near-term capital needs, both being fully and attractively renovated in recent years. 245-249 W. 17th St. and 218 W. 18th St. house the headquarters of Twitter and Red Bull, along with several other tenants.
Grander Capital Buys into MA Office Campus
A joint venture between Grander Capital Partners and North Colony Asset Management purchased Heritage Point, a 160,912-square-foot building located within the Heritage Landing office campus in Quincy, Mass.
Howard Hughes Unveils Las Vegas Ballpark Plan
The company will develop the stadium at its Summerlin master-planned community. The venue will serve as the home of the Las Vegas 51s baseball team, which is also owned by HHC.