News
Chicago-Area Recreation Center Becomes Passive House Leader
Wight & Co. recently completed the Prairie Activity and Recreation Center in Plainfield, Ill., the first building of its kind constructed for PHIUS+ Source Zero certification.
Transwestern to Manage 1.2 MSF Atlanta Tower
After selecting Transwestern Commercial Services in 2017 to provide leasing duties for the downtown trophy building, owner Georgia-Pacific has expanded the partnership to include property management responsibilities.
Only Ripples Likely From Next CMBS Maturity Wave
A new Morningstar report indicates that relative to the last big surge of maturities, between 2015 and 2017, the upcoming one will see a higher rate of on-time payoffs.
WeWork Inks 200 KSF in NYC, DC Coworking Deals
The coworking giant announced it will lease out 111,000 square feet in a new premium office property near Capitol Hill, a day after unveiling a revenue-sharing partnership with RXR Realty at a Rockefeller Center property.
Nazareth Enterprises Acquires Bay Area Ice Rink
SPI Holdings sold the 55,000-square-foot San Mateo retail and ice rink facility in an off-market transaction. The ice rink had been slated for conversion to additional retail space.
Avison Young Arranges $5M Refi for GA Retail Property
Principal George Vail represented the owner, SunCap Opportunity Fund, in the refinancing of the 72,314-square-foot Uptown Square in Fayetteville. National Cooperative Bank provided the loan.
Quest Workspaces Opens Fifth Metro Miami Location
The shared workspace provider has added 23,800 square feet to its portfolio and is now on par with WeWork for the most coworking locations in Miami-Dade County.
Starwood Capital to Launch 1st Opportunity Zone Project
The private investment giant is joining developer AB Capstone to build the mixed-use development in the South Bronx. Anchored by a charter school, the 147,000-square-foot project is Starwood Capital’s first deal in the company’s new Opportunity Zone investment program.
Toll Brothers JV Breaks Ground on NJ Creative Office Project
Part of the company’s Maxwell Place development in Hoboken, N.J., the mixed-use tower will feature a 110,800-square-foot office segment.
CRE Development in Uncertain Times
Despite rising costs, construction activity will continue for some time. But slowdowns in key economic and retail indicators signal caution ahead, says Bill Tryon of Partner Engineering and Science.