News
Despite Record Growth, CRE Industry Should Plan for Downturn
The economic expansion just became the longest in U.S. history, but now is the time to prepare for the next downturn, contends RCLCO Real Estate Advisors.
Denver-Area Hotel/Convention Center Lands $800M Refi
The loan package covers a potential expansion of the $795 million Gaylord Rockies Resort & Convention Center in Aurora, Colo., which opened in December 2018.
Starwood Capital JV Buys 650 KSF Office Campus
The company has teamed up with Trinity Capital Advisors and Vanderbilt Partners to acquire and renovate Park Point at Research Triangle Park in Raleigh, N.C.
Liberty Property Trust Sells Philly Office Asset for $99M
The University of Pennsylvania’s health system, the property’s sole tenant, bought the Center City tower in a reportedly record-breaking deal.
Conor Commercial Delivers IL Industrial Facility
The 265,550-square-foot North Avenue Commerce Center represents the largest commercial development in Winfield’s history. The project is expected to create some 280 jobs.
CareTrust Buys Idaho Skilled Nursing Facility
Cascadia of Nampa is the newest property part of tenant Cascadia Healthcare’s portfolio in the state, which totals 12 facilities.
Savills Facilitates Lease Renewal for Chicago Architecture Firm
Robert Sevim, Eric Feinberg and Joe Learner worked on behalf of Skidmore, Owings & Merrill, while JLL represented the landlord. SOM occupies three floors in the Railway Exchange Building.
EverWest Enters Seattle Office Market
The company purchased six floors of the eight-story Olympic Block. The roughly 73,000-square-foot mixed-use property was 10 percent vacant at the time of sale.
Premier NJ Office Building Sells for $36M
Hartz Mountain Industries disposed of the 118,000-square-foot property. The American subsidiary of a Japanese pharmaceutical company occupies the three-story asset.
Ameresco Nearly Done With O&M Energy Upgrade at Island University
The ESPC energy conservation measures for the project are expected to generate nearly $500,000 in annual savings at the campuses.