News
California Steps Up Clean Energy Push
A package of legislation aims to ensure that utilities supply 100 percent carbon-free energy by 2045.
NJ Eyes Largest Single-State Offshore Wind Installation
The state is working toward 1,100 megawatts of offshore wind capacity to start construction before the federal tax credits expire.
Nearly $1.5B in CMBS Possibly at Risk from Hurricane Florence
Morningstar Credit Ratings has identified more than 180 securitized commercial mortgages on properties in North Carolina counties that have been declared disaster areas because of the storm.
CREC Lands Miami Office Assignment
The firm will oversee leasing operations at Renaissance Properties’ Class A, 252,244-square-foot Aventura Corporate Center. The owner renovated the office asset following its acquisition of the property in 2016.
Tikehau Capital to Acquire Leading French CRE Firm
The transaction, which predominantly involves office and retail properties, will increase the alternative asset management and investment group’s portfolio from approximately $3 billion to $8.6 billion.
Bridge Investment Buys Suburban Chicago Office Complex
The company has expanded its portfolio with the addition of O’Hare International Center, a pair of nine-story Class A office towers adjacent to O’Hare International Airport.
Knoebel Construction Delivers St. Louis HopCat Restaurant
Together with architect Cuhaci & Peterson, the two companies renovated a historic building in the Delmar Loop neighborhood and created HopCat’s 17th location in the U.S.
Skanska Invests $35M in Budapest Office Campus
Construction on the third phase of Nordic Light, a 150,000-square-foot complex, has begun. The building is scheduled for completion by the second quarter of 2020.
CLEAR Moves to EQ Office’s Park Avenue Tower
The tech company signed a 10-year lease at the Plaza District location and will occupy the entire 17th floor until the end of the year.
Meridian Sells CA Medical Office Building
The buyer, a Fremont-based family office, completed the purchase through a 1031 exchange. The asset is located in Oakland.