Business Specialties
HTA Grabs Multi-State MOB Portfolio for $150M
Already the largest owner and operator of medical office buildings in the U.S., Healthcare Trust added 592,000 square feet of space in Arizona and Southern California.
Newark Lands First Spec Office in 30 Years
Development of Ironside Newark is expected to last about 18 months, with opening targeted for fall 2018. Perkins Eastman is the architect, and Hollister Construction the construction manager.
Morrison Raises $200M for Mezzanine Debt
The fund provides small-balance mezzanine capital, with investment balances typically ranging from $2 million to $10 million, to CRE market participants across diverse property types in the top 100 MSAs nationwide.
Suburban DC Office Building Sells for $4M
Transwestern handled the sale of a 27,500-square-foot office/flex building located in Rockville, Md. The building last traded in 2000 for $4.3 million.
C&W Welcomes First Tenant to Portland Industrial Center
The company preleased more than 60 percent of Big Eddy Commerce Center, an industrial building currently under construction. The project is slated to open by the end of this year.
Gilbane Opens New Tampa Office
The new location will serve as Gilbane Building Co.’s seventh Florida office and allows the company to better serve clients and partners.
Property Tax Tip: Beware of Misleading Comp Sales
Are you challenging an assessment? A veteran tax attorney urges a close look at sales comps used by the assessor, which may not reflect your asset’s true market value.
AXA To Invest $18M in Charlotte Expansion
The life insurance company opened its Charlotte office in 2013 and has since decided to double its local presence by adding 550 jobs.
Danish Manufacturer Doubles KY Footprint
Linak, a company that produces linear actuators for hospital beds, office desks, farm equipment and other uses, broke ground on a $33 million expansion in Louisville, Ky. The investment will create 413 new jobs.
SL Green Lands New Tenant at Midtown Manhattan Landmark
First American Title Co. will take over the entire 10th floor of the former Bowery Savings Bank building, leaving behind its offices at 44 Wall St.