News
Thyssenkrupp Secures $130M Hudson Yards Contract
The Germany-based company will design and install more than 100 elevators and escalators across Related Cos. and Oxford Properties Group’s 18 million-square-foot, mixed-use development on Manhattan’s Far West Side.
Miami Storage Facility Lands $10M Construction Loan
Walker & Dunlop worked with Generation4 Partners to structure the financing for the development of a seven-story self storage facility in the metro’s Wynwood neighborhood.
Why Venture Capital Likes CRE Tech Startups
In a podcast interview, Altus Group CEO Bob Courteau discusses the forces accelerating investment in these companies, including increased global competition.
New Calkain Division Targets Institutional, Private-Market Clients
Founder, President & CEO Jonathan Hipp, describes how existing relationships and shifting market dynamics led him to start the brokerage’s capital markets group—NetCMG—in June, along with his plans for growing the new business line.
Andover Properties Sells Storage King Portfolio
Marcus & Millichap’s Tampa-based self-storage group facilitated the three-property investment deal. The new owner added 2,146 units to its holdings.
Unico Properties Enters Nashville Market
The firm purchased One Nashville Place, a 24-story tower in the city’s central business district. Cushman & Wakefield brokered the transaction and will also be managing the property alongside Unico’s team.
Duke Realty Breaks Ground on New Indianapolis HQ
PK Partners LLC is the industrial REIT’s joint venture partner on the 78,000-square-foot office and retail project, which is scheduled for completion in late 2019.
GEICO Plans New Digs in Tucson
The private passenger auto insurance company broke ground on a new office building in Arizona, which is slated to open late next year.
Choice Hotels Launches New Midscale Brand
Focused on conversions, the new Clarion Pointe extension is intended to meet the need for premium yet affordable select-service hotels.
Aztec Arranges Refi for 2 Miami-Area Properties
City National Bank provided loans totaling $13.5 million for a shopping center and a Bank of America building north of downtown Miami.