Business Specialties
Office in Boston’s Channel Center Gets $170M Construction Loan
Holliday Fenoglio Fowler secured a $170 million construction loan for Boston’s Channel Center mixed-use project involving a Class A office building.
Plans Move Forward for DeBartolo Development’s $350M West Oahu Shopping Center
By Adriana Pop, Associate Editor The Hawaii Land Use Commission has approved a use change for a proposed 1.4 million-square-foot regional shopping mall in East Kapolei. The Pacific Business News reports that under a previous state plan the site had been slated for the development of a regional sports complex. Florida-based DeBartolo Development L.L.C. plans […]
Upcoming Sale of Summerlin Office Properties Offers Promise for Market
By Alex Girda, Associate Editor A big office deal or a series of smaller ones seems likely to take place in the Las Vegas area in the near future. VegasINC magazine recently reported that General Growth Properties is looking to offload a number of the office buildings it holds in Summerlin. The 32 office buildings […]
HFF Arranges Sale of $148M Non-Performing Loan
HFF closed the sale on a non-performing loan carrying an unpaid principal balance of approximately $148 million.
Starwood Opens its Largest Hotel Worldwide: 4K-Room Sheraton Macao
Starwood Hotels & Resorts Worldwide started the first phase of building the largest hotel it owns, in Macau, the sole place in China where gambling is legal.
Cassidy Turley Secures 620 KSF Management Assignment in Suburban Washington, D.C
USAA Real Estate chose Cassidy Turley to spearhead property management services for two Class A office buildings in Arlington, Va.
Spirit Realty Capital Prices Initial Public Offering
The Scottsdale, Ariz.-based triple-net sector REIT launched an initial public offering Thursday, raising approximately $435 million, mostly to be used to pay off debt.
ANSYS to Establish New Headquarters at Southpointe II Business Park
By Adriana Pop, Associate Editor Southpointe-based technology company ANSYS will establish a new headquarters at the Southpointe II Business Park, less than a mile away from its current 107,000 square-foot space. According to the Pittsburgh Business Times, the company has signed a 15-year lease for a new 186,000-square-foot building scheduled for completion in the fourth […]
Work is in Progress at New Lexus of Nashville Dealership
By Eliza Theiss, Associate Editor Nashville is finally getting a long-awaited Lexus dealership. But the new 58,000-square-foot Lexus location will be far beyond a simple car dealership. The facility under construction at the 7.2-acre site at the corner of Rosa Parks Blvd. and Interstate 65 in Madison has been described as a retail and service […]
Thomas Properties, CalSTRS Buy 3 MSF Austin Portfolio for $859M
In an evenly split JV, Thomas Properties and California State Teachers’ Retirement System have purchased a group of eight office buildings in the Texas capital.