News
DC-Area Retail Center Trades for Record Price
Facilitated by Calkain Cos., the property traded for $4.8 million, attaining $925 per square foot and a cap rate of 5.5 percent.
QTS Renews Leases at One of the World’s Largest Data Centers
The new deals bring the weighted average remaining lease term to four years at QTS Metro Atlanta. QTS owns an adjacent, 17-acre plot of land which could be developed as needed into another facility.
Seattle-Area Class A Office Asset Trades for $15M
PJP Group LLC has acquired the 41,405-square-foot, 100 percent leased office building in Kirkland at a record price per square foot.
L3 Snags Chicago Retail Building
The property comprises 10,141 square feet and is fully occupied by The Northern Trust Corp. Mid-America Real Estate Corp. brokered the transaction on behalf of the seller.
CenterPoint IL Spec Building Fully Leased
The building, situated within the CenterPoint Intermodal Center-Joliet/Elwood, comprises 751,622 square feet and was leased to a home improvement retailer and CTDI.
4 Things to Know About Phoenix Data Centers
Aligned Energy is growing its footprint in the metro, as are many similar operators. CEO Andrew Schaap shares his thoughts on why this maturing market is growing so fast.
Radisson Opens New Hotel in Eastern KS
The Country Inn & Suites in Lawrence features 89 guestrooms and is located within four miles of the University of Kansas.
DoubleTree by Hilton Greensboro Receives $21M Refi
Milestone Hospitality Management will use the non-recourse loan to refinance the 175-key hotel’s existing financing and to fund a brand-required property improvement program.
Economy Watch: GAO Finds Hightened Risk Among CRE Lenders
Changes in underwriting standards, property prices and other data suggest that credit and concentration risks have increased in bank CRE lending, according to a new GAO study.
CRE Tech Sector Headed for Defining Moment
2017 proved an active year in commercial real estate technology, according to CREtech’s 2017 End-Year Report, and greater advances are on the horizon as the sector nears a tipping point in its lifecycle.