Featured
Newly Designed JFK-Based Hotel Tops Out
The redeveloped TWA Hotel is on track to open at John F. Kennedy International Airport in New York in early 2019. Special features will include a Jet Age and mid-century museum, as well as the world’s largest lobby.
RLJ Sells Luxury Boston Hotel for $170M
The historic Fairmont Copley Plaza, which dates back to 1912, sold for $444,000 per key, representing a 4.6 percent cap rate on the hotel’s 2017 NOI.
Apple Manufacturing Fund Awards $390M in Texas
Finisar received the financing from the tech giant’s new $1 billion fund for the redevelopment of a 700,000-square-foot manufacturing plant in Sherman, where the optical communications components provider will produce high-tech vertical-cavity surface-emitting lasers.
Tenants’ Thoughts on Social Events
Do your tenants want to mix and mingle? This month, CPE and Kingsley Associates asked what people thought about social functions around the complex.
Hines Signs Chipotle to 152 KSF in Denver
With the 15-year deal in place, the upcoming 671,000-square-foot office development at 1144 15th St. in downtown’s LoDo neighborhood is now more than 65 percent pre-leased.
Carter Validus Sells Data Center for $315M
An affiliate of Digital Realty Trust LP is the new owner of a 250,000-square-foot data center situated in the Chicago suburb of Northlake, Ill.
Crestone Partners Buys Denver Office Tower
HFF arranged $70.7 million in financing for the acquisition of Granite Place at Village Center in Greenwood Village, Colo. The company secured the loan through Principal Real Estate Investors.
How to Survive Retail’s Next Phase
At ICSC’s New York Deal Making event, industry experts listed a number of critical strategies that retailers and retail real estate owners will need to pursue to stay competitive, among them the need for flexibility and the adaptability to address changing consumer preferences and shopping habits.
LA Office Campus Fetches $117M
NKF Capital Markets represented Rockwood Capital and Marshall Property in the sale of the 203,946-square-foot Class A property to Deutsche Asset & Wealth Management.
Specht Wraps Industrial Record-Setter in Portland
Specht Development and New York Life Real Estate Investors have teamed up to deliver the three-building, 732,824-square-foot property on more than 37 acres in Gresham, Ore.