Business Specialties
Hillwood to Deliver 1.7 MSF Kentucky Industrial Project
Hillwood and Al. Neyer plan to develop two speculative buildings, totaling more than 1.7 million square feet, in Erlanger, Ky. The construction of Building 1 will start in 2018.
Cushman & Wakefield Arranges New Leases at FL Business Center
The new tenants of Port 95 Business Center in Dania Beach, Fla., will boost the building’s occupancy to 92 percent. The leases total 47,182 square feet.
Enerkem Begins Commercial Production of Cellulosic Ethanol
The company’s facility in Canada is the first commercial-scale plant in the world to produce cellulosic ethanol made from non-recyclable, non-compostable mixed municipal solid waste.
Dubai Picks Team for $3.9B Solar Project
A consortium led by Shanghai Electric and ACWA Power will build the 700-megawatt fourth phase of Mohammed bin Rashid Al Maktoum Solar Park, touted as the largest facility of its kind.
Chinese Investment in US Real Estate Likely to Slow
China’s new set of restrictions on foreign investment is expected to impact U.S. real estate. Morris, Manning & Martin’s Samantha Ahuja weighs in on the extent of the effect and the alternatives for Chinese investors.
Foreign Investor Gets Hospitable in Houston via CBRE
Canadian investment group Prime Developments closed its second value-add hotel acquisition in the Houston area, with the purchase of Holiday Inn Express & Suites Houston East in Baytown, Texas.
Faros Lands $128M for 2 Pittsburgh Office Assets
HFF secured a five-year, floating-rate loan through Wells Fargo. The financing will be used for Nova Place, a 1.3 million-square-foot development, and 106 Isabella, a nearby vacant building.
Planning & Building for Severe Weather
In the wake of Hurricane Harvey and Hurricane Irma, developers, designers and cities themselves need to ensure their current and future buildings can withstand extreme weather events, notes WXY architecture + design Co-Founder Claire Weisz.
CIM Group Snags Boston Office Property
The company has partnered with longtime owner and manager Nordblom to acquire 1000 Washington St., a 242,000-square-foot building and adjacent parking garage in the city’s South End.
Ridgeline, USAA Team Up in Nashville
The joint venture is developing Park 840 East Building 100, a 558,600-square-foot distribution and logistics facility in Lebanon, Tenn. The project is scheduled for delivery by mid-2018.