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European Hotel Investment Hits Record Levels
Multiple cities are attracting robust capital flows to their hospitality sectors, CBRE reports. Of note, buyers from outside the continent are expanding their footprint.
W.P. Carey Invests $75M in Food Production Facility
Cambridge Holdings will develop a 290,000-square-foot, build-to-suit property for Cuisine Solutions in San Antonio, scheduled for delivery in 2020.
ILPT to Acquire Industrial Portfolios for $905M
The logistics REIT inked two separate agreements that will ultimately increase its national footprint by a total of 12.9 million square feet.
Opportunity Zones Program Takes a Step Forward
Recent IRS hearings aimed to clarify the new vehicle, which holds significant potential for investment in low-income communities across the U.S.
JLL Closes $280M Loan for Brooklyn Redevelopment
AIG provided a 15-year loan to a partnership between Midtown Equities and HK Organization for Empire Stores, a 443,000-square-foot office and retail property.
The Impact of Shopko’s Reorganization
Hoffman Strategy Group’ Jeff Green and JLL’s Tom Mullaney weigh in on the company’s Chapter 11 filing and possible outcomes for its stores’ current locations.
Vornado Refinances NYC Mixed-Use for $580M
The REIT secured an interest-only loan to replace a 2015 mortgage on the approximately 1 million-square-foot property in Midtown Manhattan.
Coworking Strategies Tailored to Secondary Markets
John Arenas, Chairman & CEO of Serendipity Labs, pursues an alternative approach to the sector that targets less-explored locations.
Harbor Group, Paramount Acquire San Francisco Office Asset
The joint venture paid $227 million, or $775 per square foot, for the 293,000-square-foot office building at 111 Sutter St. The CBD property is LEED Gold-certified.
Amazon Scraps Long Island City HQ2 Campus
The tech giant blamed political opposition for its withdrawal from a plan to create a 4 million-square-foot campus in Queens. Its next steps are unclear.