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4,000-Key Resort Planned for Dormant Vegas Site
The 25-acre parcel that has been home to the remnants of the unfinished and ill-fated Fontainebleau casino hotel project for nearly a decade will finally come to life as The Drew Las Vegas.
Seattle Mid-Rise Lands $82M Refi
HFF arranged the loan for the 182,346-square-foot, Class A property on behalf of Urban Visions. 200 Occidental is located in the Pioneer Square submarket of the metro.
Optimizing Environmental Due Diligence in CRE Transactions
Environmental and engineering expert Dan Spinogatti outlines considerations to improve assessment of environmental risk to keep real estate deals on time and on budget, during the Mortgage Bankers Association CREF/Multifamily Finance conference in San Diego.
RCLCO’s Latest Chartbook Sees Few Clouds
The downturn looks to have been postponed yet again. Even though conditions are at—or near—peak, the report foresees no downturn this year.
Willis Tower Sets Energy Star Mark
The 4.5 million-square-foot Chicago high-rise now holds the distinction of being the largest office building in the U.S. to earn the EPA’s Energy Star certification.
765-Foot-Tall Skyscraper to Be Erected in Hamburg
SIGNA will erect Elbtower based on the design of David Chipperfield Architects. The building is expected to become part of a new urban hub.
MBA Releases 2018 Outlook
The Mortgage Bankers Association unveiled its predictions for commercial and multifamily mortgage originations. Overall, volume will be slowing, but the picture varies by property type.
Bandera Ventures’ DFW Industrial Project Moves Forward
HFF landed a construction loan for the 1.4 million-square-foot Gateway Logistics Center at Dallas/Fort Worth International Airport, right after securing a joint venture equity partner for the developer.
Irgens Snags $80M Financing for Milwaukee Office Tower
Walker & Dunlop Capital Markets secured the non-recourse loan for 833 East Michigan, a 359,000-square-foot, LEED Silver-certified building in the city’s central business district. Completed in 2016, the 17-story lakefront property became the first significant downtown office development in almost a decade.
Starwood Capital Buys Forestar Portfolio for $232M
The off-market acquisition included residential and commercial assets in high-growth markets throughout Texas, the Southeast and the Western U.S. The transaction follows an earlier bid by Starwood to purchase Forestar Group outright.