News
Combined-Cycle Power Plant Breaks Ground in Texas
Expected to begin commercial operation in mid-2021, the 993-megawatt Montgomery County Power Station is estimated to save customers $1.7 billion over the next thee decades.
Goettsch Partners-Designed Tower Tops Out in China
Soaring 1,322 feet, Nanning China Resources Center Tower will be the tallest building in the City of Nanning, and the tallest in the Chicago-based architecture firm’s portfolio of completed projects.
Planned SF-Area Moxy Hotel Receives $50M in Equity Capital
An opportunity zone fund sponsored by EJF Capital provided the financing for the 173-key project in Oakland, Calif., which is being developed in conjunction with Tidewater Capital and Graves Hospitality.
Top 10 Orange County Office Investors in 2018
Ten buyers were responsible for more than half of the $2.2 billion in office transactions that closed across the metro last year.
Top 10 Office Sales in Minneapolis-St. Paul in 2018
Office properties sold in the metro area totaled $1.3 billion in 2018, a hefty increase from the $1 billion posted the year prior.
Economos Properties Lands $53M for Dual-Branded Marriott
CBRE facilitated the construction loan for two upcoming hotels at Dania Pointe, a 102-acre mixed-use project in metro Miami that will offer a combined 350 keys.
Foster Financial Buys Detroit-Area Office Asset
The seller, Interwest Capital, owned the two buildings located in the Southfield submarket since 2007 and sold them for $5 million.
Friedman Secures 2 Loans for Suburban Detroit Office Assets
The financing totaled $26.5 million and features a 10-year term as well as prepayment flexibility. Director Ryan Denomme originated the loans.
City+Ventures Enters KC Market with $88M Portfolio Buy
The properties encompass 784,557 square feet in the suburban area of Southlake. JLL handled both the sale and the financing.
PNL Cos. Sells Suburban PA Office Building
The company received $15.5 million for Malvern Executive Center, a Class A property in Malvern, Penn., purchased five years ago through foreclosure.