Investment
Jernigan Capital Continues Self-Storage Expansion
The company has closed a $20.1 million investment Miami. The 96,295-square-foot facility will be developed by Mequity LLC and is slated for completion by 2019.
Compass Self Storage Expands TX Portfolio
The 68,000-square-foot facility located in Fort Worth marks the seventh Compass Self Storage in the region. The buyer is an affiliate of Amsdell Group LLC.
Tampa Office Campus Commands $45M
The property, nearing full occupancy, is leased to a mix of notable tenants, including WellCare, Gateway One Financial & Lending and MedHOK Health.
Long Island Office Park Commands $61M
Hauppauge Office Park in Hauppauge, N.Y., comprises three buildings occupied by multiple financial tenants. The office campus is anchored by Allstate, which has a 10-year, full-building lease.
JPMorgan Chase Commits $900K to Help Detroit Go Green
The money will target infrastructure projects, in addition to Chase branch updates for better energy efficiency. The Nature Conservancy, Eastside Community Network and Jefferson East community are some of the groups accessing the funds.
Forest City to Begin Work on SF’s Pier 70
The project will include both new construction and adaptive reuse of historic structures and will also expand access to a part of San Francisco’s waterfront that has been underutilized and largely inaccessible for more than a century.
Blackstone to Lead Cloverleaf Recapitalization
Wells Fargo Securities served as financial advisor and Katten Muchin Rosenman LLP served as legal advisor for the cold storage warehousing and food logistics company during the transaction.
Has US Office Investment Recovered from the Financial Crisis?
A decade after the financial crash, COMMERCIALCafé analyzed the U.S. office investment realm, identifying the key markets, players and lending trends that characterized activity in this sector from 1997 to 2017.
Facebook to Add 1.8 MSF to Los Lunas Data Center
The social media company announced a second expansion to its Los Lunas Data Center project in New Mexico, increasing the total size the facility to 2.8 million square feet and the development cost to $1 billion.
Rubenstein, Northpoint Embark on NoVa Mixed-Use Renovation
The revamps of Carlyle Tower and the Shops at Carlyle Tower include elevator, HVAC and common area upgrades as well as an additional 7,500 square feet of new space.