News
Chinese Coworking Giant Seeks US IPO
Beijing-based UCommune is reportedly aiming to raise as much as $200 million through the offering, as China’s flexible office sector shows signs of overheating.
Opportunity Zones Attract Serious Money
Though estimates of the total capital inflows cover a wide range, even the numbers near the lower end—$100 billion—are big enough that they’re starting to affect CRE pricing.
Siemens Gamesa to Repower 429MW Iowa Wind Farm
MidAmerican Energy Co. has selected the company to renew the Rolling Hills wind power project, marking the largest repowering order in U.S. history.
London’s $10.6B Redevelopment Debuts Its Own High Line Park
Known as The Tide, the 3-mile outdoor art and recreation destination is part of the largest urban regeneration project in Europe.
J-POWER USA Kicks Off 1.2GW Jackson Project
The natural gas-fired combined cycle facility project is anticipated to produce 65 percent less carbon dioxide than a legacy coal-fired power plant once completed in 2022.
EDF’s Bluemex Power 1 Begins Commercial Operation
The $110 million solar farm has an annual generation capacity of 277 gigawatt-hours and is located near Empalme, Mexico.
World’s Largest Single-Site Solar Power Plant Begins Operations
Completed within less than two years, the solar project has a generating capacity of 1,177 megawatts, produced by 3.2 million solar panels.
Saturated Markets Push Down Self Storage Rents
Street rates decreased in about 42 percent of the top markets tracked by Yardi Matrix. Nationally, rents fell by 0.9 percent for standard non-climate-controlled units and 2.2 percent for climate-controlled units.
Transwestern, C-III Capital Pay $60M for Phoenix Office
The joint venture paid cash for the 218,254-square-foot Class A mid-rise in the five-building Camelback Esplanade campus north of downtown.
Salt Lake City Metro Office Park Breaks Ground
Building 1 of the 540,000-square-foot development in Draper, south of Salt Lake City, is slated for completion early next year. The sustainable property will feature 60 electric car charging stations.