Featured
Westwood Financial Snags $171M for Retail Portfolio
HFF lined up the insurance-company financing for 1 million square feet of properties spanning seven mostly Southern states.
Tech Scene Stays Hot, Rent Growth Cools in San Jose
Rent growth has been decelerating since it reached double-digit levels in 2015. As of May, the metro’s $2,675 average rent was more than double the national average of $1,316, according to Yardi Matrix.
Macmillan Leaves Flatiron Building for Lower Manhattan
The publishing company will relocate to the 1.9 million-square-foot office tower at 120 Broadway, pushing the building’s lease level to 96 percent.
St. John Properties Breaks Ground on SLC Campus
The company is investing $250 million in the development of Valley Grove, a 62-acre master-planned community in Pleasant Grove City, Utah.
Data Center Sector Driven by M&A, Cloud Demand
Construction rose by a whopping 43 percent in the first half of 2017, while industry consolidation powered a $13 billion surge in mergers and acquisitions, according to a new JLL report.
Newark Dreams to Join Ranks of Destination Cities
As the Garden State’s largest city is looking to get into the revitalization game, cranes are returning to the skyline, with $1 billion of projects underway and another $4 billion in the pipeline.
New Disney Resort Scores $218M in Construction Financing
The capitalization comprises both senior and mezzanine debt and was arranged by a partnership of Walker & Dunlop Miami and SRF Ventures Inc.
NYC’s 55 Hudson Yards Attracts 130 KSF Tenant
Law firm Cooley LLP has signed a lease at the 1.3 million-square-foot tower within the $20 billion mixed-use development in Manhattan.
Lillibridge to Take On New Role at Ventas
Todd Lillibridge will assume a senior advisory position with Ventas, which purchased his 25-year-old namesake company in 2010.
Positive Momentum in Atlanta
A rapidly rising population is adding to the city’s congestion issues, but also fostering demand for apartments and pushing rents higher. Rents were up 2.9 percent to $1,108 as of May, and Yardi Matrix forecasts a 3.5 percent increase in 2017.