News
Golub & Co. Sells Interest in Chicago High-Rise
The locally based international real estate developer will continue as operator, manager and leasing agent of Orrington Plaza, a 20-story trophy office building in Evanston, Ill.
Yardi Launches New Risk Management Solution
The online platform will search government watch lists and other local verification sources to ensure suppliers meet the property owners’ and managers’ requirements for insurance coverage, professional licenses and background checks.
FRM Associates Buys LA-Area Office/R&D Campus
NKF Capital Markets brokered the deal on behalf of the sellers, Platform Ventures and PMRG. The 574,000-square-foot property has long been home to aviation and defense companies.
Majestic Realty Brings Las Vegas Portfolio to Full Occupancy
Three new tenants have signed leases within the company’s 360-acre Las Vegas Digital Exchange Campus, prompting the landlord to fast-track development and expand its industrial inventory.
WPB Marriott Receives $42M Construction Loan
Concord Hospitality Enterprises Co. intends to build a 208-key luxury hotel until the fall of 2019. Aztec Group originated the loan on behalf of the operator.
Autonomous Vehicles, Hyperloop to Amplify Disruption of Built Environment
Dave Clute, chief marketing officer of intelligent building management platform CohesionIB, shared insights about the growing impact of transportation-related technology on real estate at Realcomm in Las Vegas.
Kansas City University Breaks Ground on New Facility
The 56,000-square-foot Center for Medical Education Innovation will feature standardized patient rooms, high-fidelity simulation rooms, a skills simulation deck and a simulation command center.
Economy Watch: More Buildings Enter Planning Stage in May
Sixteen projects each with a value of $100 million or more entered planning in May, up from 12 developments in April, according to the latest Dodge Data & Analytics report.
Montecito Medical Expands TN Footprint
The newly constructed medical office building, situated southwest of downtown Nashville, contains more than 20,000 square feet and is fully leased to Saint Thomas Health.
Stockbridge Lands $47M Loan for FL Office
Earlier in January, the owner paid $41.1 million to acquire the 24-story tower and a connected two-story building in Fort Lauderdale’s central business district from U.S. Bank.