News
Big-Box Wins Big in 2019
The first six months of 2019 proved highly successful for this industrial subsector, with high positive net absorption and record-high rents, a new report by Colliers shows.
Brooklyn Mixed-Use Asset Scores $76M Acquisition Loan
Isaac Hager of Cornell Realty Management and developer Lipa Rubin purchased the hotel and multifamily asset, which was completed in 2016.
San Diego Convenience Center Changes Hands
Capstone Advisors sold the roughly 15,000-square-foot retail center. CBRE represented both parties in the deal and secured acquisition financing.
Avison Young to Manage Another 502 KSF in Broward County
With the addition of Principal Real Estate Investors’ three industrial assets, the firm’s property management portfolio in Florida reached 22 million square feet to date.
AT&T Signs VPPAs for 960MW of Wind, Solar
The company estimates that its renewable energy purchases will reduce greenhouse gas emissions by an amount equivalent to powering more than 560,000 homes for one year.
Colliers Promotes Veteran to New York City Managing Director
Joe Bolano will grow the firm’s Project Leaders USA division, while also leading the health-care practice in the Northeast region.
New York Retail Property Trades in 1031 Exchange
The Kempner Corp. sold the 25,000-square-foot retail asset in Mount Kisco. HomeGoods is the anchor tenant of the building.
Mesa West Provides $72M Loan for Dallas-Area Office Campus
Equus Capital Partners purchased the 300,000-square-foot Legacy Place and intends to renovate the property’s two identical buildings.
2019 CPE Distinguished Achievement Awards: Judges’ Comments
The awards program judges share their thoughts on outstanding elements from this year’s submissions, along with trends they observed among the entrant pool.
Downtown Raleigh Office Tower Lands $80M Refi
Heritage Properties secured the M&T Bank financing for One Glenwood. The deal closed immediately after the company obtained a $73 million construction loan for its Bloc[83] project.