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Mezzanine Takes Center Stage
The niche draws a steady stream of new lenders, sharpening competition and giving an edge to borrowers. Navigating the expanded choices can pose a challenge.
Work Perks
What kinds of services really matter to your customer? CPE and Kingsley Associates explore which services and amenities tenants really want in their office buildings.
Digital Realty to Acquire Ascenty for $1.8B
The San Francisco-based REIT is teaming up with an affiliate of Brookfield Asset Management to buy the Brazilian data center provider.
Host Hotels & Resorts Announces Two Major NYC Sales
The company sold the New York Marriott Marquis retail, theater and signage in a $442 million deal, as well as the W New York – Union Square, in a separate transaction.
Thyssenkrupp Secures $130M Hudson Yards Contract
The Germany-based company will design and install more than 100 elevators and escalators across Related Cos. and Oxford Properties Group’s 18 million-square-foot, mixed-use development on Manhattan’s Far West Side.
Duke Realty Breaks Ground on New Indianapolis HQ
PK Partners LLC is the industrial REIT’s joint venture partner on the 78,000-square-foot office and retail project, which is scheduled for completion in late 2019.
GEICO Plans New Digs in Tucson
The private passenger auto insurance company broke ground on a new office building in Arizona, which is slated to open late next year.
Choice Hotels Launches New Midscale Brand
Focused on conversions, the new Clarion Pointe extension is intended to meet the need for premium yet affordable select-service hotels.
Nearly $1.5B in CMBS Possibly at Risk from Hurricane Florence
Morningstar Credit Ratings has identified more than 180 securitized commercial mortgages on properties in North Carolina counties that have been declared disaster areas because of the storm.
Tikehau Capital to Acquire Leading French CRE Firm
The transaction, which predominantly involves office and retail properties, will increase the alternative asset management and investment group’s portfolio from approximately $3 billion to $8.6 billion.