News
Top 5 Pacific Northwest Office Transactions
More than 6 million square feet of office space changed hands in the region this year for a sales volume that surpassed $2.5 billion.
ClearChoice Grows AZ Presence
The Offices at Chandler Viridian, which officially opened this January, will be the tenant’s second location in the state.
GE Pulls Plug on California Power Plant
The Inland Empire Energy Center entered into an agreement to sell the project site and certain assets to a third party that intends to develop a battery energy storage system.
Oxford Properties to Build $3.5B Mixed-Use Project in Toronto
The 4.3 million-square-foot development, dubbed Union Park, will rise in the heart of Toronto and will be the largest project of its kind in the city’s history.
Counselors Unveil Top 10 Issues for 2019
The Counselors of Real Estate released its annual ranking of the 10 national issues that are likely to have the biggest impact on commercial real estate this year.
NJ Selects Ørsted for 1.1GW Ocean Wind Project
During the development and the three-year construction phases, the offshore wind project is expected to create more than 3,000 direct jobs annually.
Levcor Refinances Houston Entertainment Center
JLL’s Capital Markets team secured the $68 million loan, which will recapitalize existing debt. LoanCore provided the non-recourse, floating-rate financing.
NASM Inks 42 KSF Lease in Greater Phoenix
The fitness training provider will occupy the majority of a 69,460-square-foot office building in a 50-acre business park. Newmark Knight Frank acted on behalf of the landlord in the lease.
Greater Orlando Office Condos Land Financing
The borrower will use the $4.1 million loan to construct a 42,909 square-foot building in Hunter’s Creek. The development is slated for completion in the first quarter of 2020.
HFF Arranges Loan for Denver Office Asset Sale
The buyers plan to renovate the office property located in Denver’s Midtown West area. The eight-story building was home to the Downtown Woolworth’s store on the ground floor.