News
Mission Capital Arranges $13M Loan for Chicago Retail Asset
The owner, an affiliate of the Sterling Organization, will use the financing to recapitalize the vacant property, which is part of the Magnificent Mile.
DC Office High-Rise Changes Hands for $338M
Invesco Real Estate sold the 331,000-square-foot trophy building near the White House. Safety, Income & Growth Inc. originated a $150 million ground lease on behalf of the buyer.
Peakside, Madison Sell Frankfurt Office Asset
The joint venture acquired the 516,600-square-foot Frankfurt Airport Center last year and invested in an extensive refurbishment program. Tenants include Lufthansa, Fraport and Airport Club.
Missner Group Starts Chicago Office Redevelopment
The seven-story building in the West Loop, which used to be the home of clothes manufacturer Oxxford, will be turned into a modern, nine-story office property.
The Camden Waterfront: NJ’s Next Rising Star?
Podcast: Anne Cummins of Liberty Property Trust shares details of the company’s $1 billion revitalization plan and its vision of the future.
Avison Young Names New SVP to DC Office
Matt Weber is joining the company’s capital markets group, focusing on finance and investment sales of multifamily, office, industrial and retail assets.
NY Transit Agency Acquires Grand Central Terminal
The iconic Midtown Manhattan landmark and two commuter railroad lines are part of an approximately $35 million deal. The seller is a private holding company.
Netflix Preleases Hollywood Office Project
The entertainment giant has leased more than 350,000 square feet at Kilroy Realty’s Academy on Vine mixed-use development. Occupancy is expected to begin in phases in 2020.
Arcapita Expands Cleveland Industrial Footprint
The global company partnered with Weston to acquire seven facilities totaling more than 650,000 square feet. Weston will be in charge of leasing and managing the portfolio.
MCR, BLT Close $648M Hotel Portfolio Financing
A Bank of America-led consortium provided the funding, which is secured by a 53-property, 5,958-key collection of lodging properties operating under the Marriott and Hilton brands.