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June Unemployment Figures Reveal Silver Lining
With 4.8 million jobs added in June, unemployment fell to 11.1 percent. A breakdown of metro- and state-level data, however, offers a more nuanced view.
KKR’s $260M Portfolio Expansion
The newly acquired properties are Amazon distribution and fulfillment centers in the Chicago and Charlotte, N.C., metro areas.
Host Hotels & Resorts Amends $2.5B Credit Agreement
The REIT altered terms of its $1.5 billion revolving credit facility and two $500 million term loans to preserve liquidity and bolster flexibility at a challenging time for the hotel industry.
Facebook to Build $800M Data Center in Metro Chicago
The company’s project in DeKalb, Ill., will rank among the world’s most energy- and water-efficient data centers.
REITs Ramp Up ESG Campaigns
A new report from Nareit shows that the sector is finding innovative ways to meet environmental, social and governance goals.
Blackstone Takes Co-Starring Role in $1.7B Hollywood Portfolio
Under this joint venture, Hudson Pacific Properties will retain majority ownership of its 2.2 million-square-foot collection of studios and office buildings.
Hilco Redevelopment Partners Buys Refinery Site for $226M
The investor-developer plans to transform the former Philadelphia Energy Solutions complex, which closed in 2019, into a 1,300-acre multi-modal logistics hub.
Office Occupancy Faces Uncertain Summer
Operators, managers and advisers offer strategies for safety as tenants take their first steps.
Major Mixed-Use, Entertainment District to Rise in Orange County
Anchored by the Honda Center in Anaheim, Calif., ocV!BE will encompass office buildings, a concert venue, retail, hotels and some 2,800 apartments.
Counselors Reveal CRE’s Top 10 Issues for 2020-21
COVID-19 replaces infrastructure as the No. 1 topic in The Counselors of Real Estate’s annual survey.