Business Specialties
$127M Loan on Cleveland Office Latest Refi Success Story
The $127 million refinance of Harbor Group International’s 200 Public Square office tower in downtown Cleveland is both one of the larger recent CRE refis and an example of the current refi trend.
D.C.'s Crystal City Submarket Sees $161M Refi for Two Multi-Family Properties
Bainbridge Cos. and The Carlyle Group have secured two loans totaling $161.4 million for the refinancing of two apartment properties in the thriving Washington, D.C. area. The assets, The Bennington and Crystal Square, encompass an aggregate 726 residences.
AREA Joins with Harbor Properties, Urban Partners on Seattle Multi-Family Initiative
AREA Property Partners has joined forces with Harbor Urban L.L.C., the merged entity of Harbor Properties and Urban Partners, to develop apartment communities in the Seattle metropolitan area.
Brookfield, Hillwood JV on $1B Acquisition Vehicle
With the U.S. industrial market improving, Brookfield Asset Management and Hillwood announced a joint venture that is expected to invest as much as $1 billion in industrial properties over the next three years.
Research Firm CNA Inks 173 KSF Lease in Arlington
Construction has not yet commenced on the 200,000-square-foot office building at 3001 Washington Blvd. in Arlington, Va., but it’s already near maximum occupancy, courtesy of a 173,000-square-foot commitment from CNA.
Granite Properties Buys Denver Tower, Dallas Plaza
Granite Properties has made two major office purchases in the last few days: Plaza Tower One in Denver and Cedar Maple Plaza in Dallas.
Colliers Lands 1 MSF Office-Leasing Contract in Cincinnati
Colliers International has picked up a sizable management contract, as the firm was named the leasing broker for the 1 million-square-foot Queen City Square in Cincinnati’s Downtown.
Boston Properties Completes Acquisition of 100 Federal St. in Boston
Boston Properties has completed the acquisition of 100 Federal St. in Boston from an affiliate of Bank of America with an aggregate investment of about $615 million — reportedly funded with available cash.
A Look Back at MIPIM 2012
After a long week of seminars, presenatations and, of course, plenty of networking, the 2012 MIPIM conference in Cannes, France, drew to a close. While an atmosphere of cautious optimism pervaded, regions and countries are thinking big again.
Getting Smarter: The Evolution of Smart Buildings, Part 1
The concept of the smart building has been around for more than a decade, but it’s still a little nebulous. We delve into two of the concepts — open-source technologies and submetering — to find out what they mean for building investors, owners and operators. By Dees Stribling.