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ULI White Paper Guides Sustainability Over Entire Property Cycle
A new document from the institute’s Greenprint Center for Building Performance sets out 11 steps for greater environmental sustainability—from property acquisition to getting ready to sell.
Woodside Health Sells Mixed-Use Florida MOB
Tidegate Capital purchased the roughly 23,600-square-foot Indian River Medical Building & Apartments in Vero Beach, which includes medical office space and 14 residential units.
SoCal Hotel Lands $44M Construction Loan
Acres Capital Corp. will use the financing to complete and stabilize a 233-key property in Arcadia, Calif. Le Meridien by Marriott International is set to be a four-star property.
Grappling With Cyber Threats in a Smart Building Era
In a Realcomm panel in Nashville, Tenn., experts hashed out the implications of new privacy regulations and the growing array of risks as people and properties get more connected.
Allianz Buys Into NYC Skyscraper for $384M
The German insurer purchased a minority stake in the 1.5 million-square-foot office condo leased to WarnerMedia within the new 30 Hudson Yards tower. The majority owner is a joint venture of the Related Cos. and a third-party investor.
CBRE: Global Office Occupancy Costs Still on the Rise
Spurred by tenants’ desire to attract and retain the best-of-the-best, average occupancy costs for premier office space increased 3.6 percent over a 12-month period, according to a new CBRE report.
Colony Capital Completes $1.5B Refi With Assist From Ventas
The refinancing of $1.7 billion in consolidated debt in Colony’s health-care segment includes a $490 junior tranche provided by Ventas. The loan’s collateral comprises 158 health-care properties.
Corporations, Not Startups, Drive Coworking Surge
Enterprise users are shaking up the real estate industry by demanding better spaces for their employees, say executives at flexible office firms WeWork, Industrious and CommonGrounds Workplace.
Brasa Capital Closes First Fund With $120M in Commitments
The investment vehicle, which is targeting middle-market opportunities mainly in the Southern California region, exceeded its fundraising goal by $20 million.
BB&T, SunTrust Take Big Lease at Charlotte Trophy Tower
With a merger in the works, the financial institutions commit to more than half of Cousins Properties’ 970,000-square-foot Hearst Tower. Also included in the deal: an option to buy the property.