News
Faith Hope Consolo, NYC Retail Leader, Passes Away
The chairman of Douglas Elliman Real Estate’s retail division had an international roster of clients and was a consultant to the City of New York on the revitalization of Times Square.
Long Island City Tower 1st Big Winner of Amazon Move
A report by global credit rating agency DBRS looks at the impact on CMBS and other commercial real estate implications of the e-commerce giant’s decision to locate one of its HQ2 sites in the submarket.
Tremont Mortgage Closes $30M Financing for St. Louis Portfolio
The firm provided a $26.4 million first mortgage bridge loan and a $3.1 million future funding allowance for the purchase of West Park I, West Park II and Pine View Point.
South Florida’s CRE Market: What to Expect in 2019
Colliers International’s Executive Managing Director Kenneth Krasnow addresses the region’s best performing sector and what will continue to drive growth in the next 12 months.
Bridge Development Makes Chicago-Area Industrial Acquisition
The company will demolish the existing facility and redevelop it into a state-of-the-art distribution center by the end of 2019.
WeWork Expands VA Footprint
The company is set to occupy more than 80,000 square feet at CEB Tower at Central Place in Rosslyn, a JBG Smith property.
Cushman & Wakefield Brokers Shopify’s 434 KSF Toronto Lease
The e-commerce platform signed a long-term lease at downtown Toronto’s newest mixed-use development, The Well. Since 2013, the global real estate services firm has represented Shopify in several other deals.
HFF Arranges $180M Loan for Class A Industrial Portfolio
A joint venture between Bixby Land Co. and an institutional partner used an initial $48.9 million in funding to acquire four buildings across California and Arizona.
A Closer Look at Texas’ Self Storage Market
Danny Cunningham of Marcus & Millichap comments on the Texas self storage market and where the sector might be heading in the next several years.
Vantage Data Centers Expands into Canada
The Santa Clara, Calif.-based wholesale data center provider will add assets in Montreal and Quebec City when the $200 million acquisition of 4Degrees Colocation is completed.