Business Specialties
Thorofare Capital Funds SC Office Building Acquisition
A joint venture between Insite Property and Eastern Federal Corp. will use the $16.3 million loan for the acquisition, renovation and stabilization of Albemarle Point Center in Charleston, S.C.
Enel Begins Construction on Peru’s Largest Wind Farm
The construction of the 132-megawatt wind facility, which will mark the company’s first wind project in the region, will set a subsidiary of The Enel Group back approximately $165 million.
College Adds to Solar System with Combined Solar and Storage
Santa Rose Junior College selected SunPower to deploy a fully integrated solar and storage project to add to its existing 77-kilowatt system that has been operating since 2007 atop the Frank P. Doyle Library.
Modera South Lake Union Awarded LEED Silver
The seven-story luxury apartment community is the first Mill Creek Residential property in Seattle to be awarded LEED certification.
Work Begins on Albuquerque’s Snow Heights Promenade
Snow Heights Promenade will feature a $45 million Entertainment Lifestyle center consisting of more than 127,000 square feet of retail space connected by an Entertainment Sound Stage placed in the center of the promenade.
New $40M Music Center Breaks Ground at Texas A&M
The 70,000-square-foot facility, renamed John D. White ’70–Robert L. Walker ’58 Music Activities Center, will replace the former E.V. Adams Band Hall.
Self-Storage Facilities Begin to Recover After Hurricane Harvey
Following the natural disaster that crippled Houston, businesses begin to recover, while also lending a helping hand. Extra Space Storage announces it has reopened the bulk of its properties in the greater Houston area.
Kor Group, Goldman Sachs Team Up for LA Hotel Buy
The 250-key Custom Hotel is the only lifestyle boutique near Playa Vista and Los Angeles International Airport. The companies have two other hotels in the pipeline, scheduled to open in 2019.
DOI Signs Major Lease at 180 Maiden Lane
Clarion Partners and MHP Real Estate Services have signed the New York City’s Department of Citywide Administrative Services to a 276,000-square-foot lease, making the department the building’s largest tenant.
Mitsui Fudosan Buys Stake in $3.6B Hudson Yards Project
The Japanese developer will take a 90 percent stake in 50 Hudson Yards on Manhattan’s Far West Side. The deal follows its 2014 acquisition of the nearby 55 Hudson Yards tower.