Business Specialties
Blackstone Provides Loan to Refi 59-Building Office Portfolio in Silicon Valley for $300M
The existing debt on a 59-building office/R&D portfolio totaling 2.4 million square feet in five Silicon Valley submarkets has been refinanced with a $300 million loan from Blackstone Mortgage Trust.
Apartment Property in the Bluff City Auctioned for $3.6M, Half of its Market Value
Several apartment transactions ran through the Greater Memphis Area multifamily market recently, though none have topped the $43.6 million sale price ringed in by the 500-unit Riverset recently
Ohio Investor Acquires Holly Springs Shopping Center for $11M
Aurora-based Optimus One LLC has recently purchased the SouthPark Village shopping center in Holly Springs. According to the Triangle Business Journal, SouthPark Village Investments I of Atlanta, which is led by Philip E. Stephens, sold the property for $11 million.
Starwood Signs Deal to Open 1,500 Guestrooms in Makkah
Starwood Hotels & Resorts Worldwide has entered into an agreement with Jabal Omar Development Co. that will result in the opening of three new hotel properties in the Holy City of Makkah, Saudi Arabia.
BOMA International Special Report: Experts Explore Link Between Stellar Service, Happy Employees
What do tenants want? Experts tackled that vital yet elusive question Monday morning at the Building Owners and Managers International’s national conference in San Diego.
American Society of Radiologic Technologists Debuts $8.5M Expansion
In October 2011, The American Society of Radiologic Technologists was announcing the incipient stages of renovation of its Albuquerque office. The construction project included the addition of 30,000 square feet to the existing building.
BOMA International Special Report: Most Office Users Plan to Expand or Stand Pat
A new study from the Building Owners and Managers Association International suggests that the majority of end users are either standing pat or increasing their footprints, the organization reported Monday morning at its annual convention in San Diego.
MIPIM Special Series — Part Three: Europe
Associate editor Eliza Theiss presents a focus on the European real estate market, the third in a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March.
Allen Institute for Brain Science Thinks Up New Facility in SLU; Housing Development in Portland Focuses on Social Issues
South Lake Union is a neighborhood that could carry any major city with the amount of real estate development and interest it is currently seeing. The new hotspot is hitting all of the required notes and doing so smartly. If there was any need for confirmation, the Allen Institute for Brain Science is taking over an entire block in SLU for the construction of its new facility.
Kent State University Hotel and Conference Center Finally Open
The Kent State University Hotel and Conference Center in Kent, Ohio, officially opened its doors to the public on Friday, June 14. The project was finished on schedule and is a centerpiece of the $100 million redevelopment of downtown Kent.