Business Specialties
Hyperscale Data Center Campus Coming to DFW
The master-planned development known as AllianceTexas will be the home of a massive hyperscale data center, T5@Alliance. At full build-out, over 400 MW of dedicated critical power will be available.
The Benefits of Investing in Contaminated Sites
Developing on environmentally contaminated sites might seem like a complicated investment strategy, but the high rate of return can make it worthwhile. Winefield & Associates’ Matt Winefield and Partner Engineering and Science’s Frank Romeo share their insights on how to make these projects successful.
Mack-Cali Sells NJ Flex/Industrial Park for $66M
Heritage Capital Group acquired the 13-building Totowa Commerce Center in Totowa, N.J., as part of a 1031 exchange. Natixis Real Estate Capital provided acquisition financing for the deal.
New York Life Secures NJ Retail Refi
EDENS’ 208,337-square-foot Closter Plaza in Closter, N.J., is home to big names such as Whole Foods and Target, and is the only shopping center within a 5-mile radius.
CBRE to Market Miami Office Development
Carol Ellis-Cutler and Alina Plasencia, alongside Andres Asion of Miami Real Estate Group, are spearheading marketing efforts. The project is slated for completion by early 2019.
Hawaii’s Largest Office-Industrial Park Lands $165M Financing
Working on behalf of AIPA Properties, Sonnenblick-Eichner secured the 15-year, fixed-rate loan for Airport Industrial Park, a 1.3 million-square-foot mixed-use complex in Honolulu.
Pollack Realty Lands $26M for CA Boutique Hotel
HALL Structured Finance secured the first lien construction loan for the Park James Hotel in Menlo Park, Calif. The 61-key boutique hotel is scheduled for completion in May 2018.
CBRE Adds Tenant to WPB Office Park
Brown & Brown outgrew its 9,800-square-foot office space at 1401 Forum Way and plans to relocate to Centrepark West in April 2018.
HFF Arranges Refi of Boston Hotel Portfolio
The commercial real estate services firm landed a 10-year CMBS loan for Distinctive Hospitality Group’s refinancing of three properties in the city’s suburbs.
MCR Buys 2 Salt Lake City Marriott Hotels
The company has purchased the 97-key Marriott Courtyard Lehi and 94-key Marriott SpringHill Suites Lehi for a combined $27.5 million.