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Nation’s Greenest Office Markets: CBRE Report
The study found that institutional owners continue to seek green building certifications across the 30 largest metros of the U.S. Of all the properties surveyed, 10.3 percent have Energy Star labels while 4.7 percent are LEED certified.
Blackstone to Acquire Leading Exhibit Space Provider
The company will be joined by Firestone Investments in the acquisition of International Market Centers. The transaction is on track to close in the third quarter of 2017.
Columbia, Allianz Form $1.3B Partnership
Each company is contributing one or more unencumbered assets to the JV. Besides New York City and San Francisco, the firms are eyeing Boston and Washington.
Frost Bank Tower Lands $123M Refi
Earlier this year, the 33-story office property in Austin won The Outstanding Building of the Year Award for the Southwest region in the 1 million square feet category.
Rockefeller Nabs 228-Acre NJ Industrial Site
The disposition of the property comes three years after Lincoln Equities and Real Capital acquired it from Dow Chemical subsidiary Union Carbide.
Natixis Facilitates First “Green Bond” CMBS Deal
The firm issued the first green-specific tranche in a CMBS to refinance part of Ivanhoé Cambridge and Callahan Capital Properties’ $358.6 million acquisition loan for New York City’s 85 Broad St.
Jernigan Invests $50M in Self-Storage
The climate-controlled, multi-story projects will be located in Boston, New York and Knoxville, Tenn. The 3,100-unit portfolio is scheduled to come online in 2018.
Indianapolis: Full Speed Ahead
Demand for apartments continues to be strong, thanks to the locale’s relative affordability. The city’s high-quality education system and skilled workforce attract residents and employers, propelling economic growth.
Prologis to Buy Out Brazilian JV Partner for $362M
Upon closing, during the second half of the year, the company will own a full interest in 20 industrial properties, with an average occupancy of 90 percent.
Crowne Plaza Ravinia in Atlanta Lands New Owner
Sold by Ashford Hospitality Trust, the 495-key property in Dunwoody changed hands for $89 million. The former owner had bought the hotel in 2011 as part of a $1.3 billion portfolio.