News
Rocky Mountain Power to Invest $1.5B in Wind
The electric company will expand its current wind generating capacity by about 60 percent, as part of its Energy Vision 2020 initiative.
The March digital issue of CPE is now available!
Now you can get trend and strategy insights two different ways: Leaf through the Commercial Property Executive digital digest for a quick read; or Click on individual articles below for an in-depth look at each of the topics that most interest you.
Riding the Tech Boom in Seattle
Amazon and Google continue to boost office construction and leasing activity across the metro, drawn by a skilled workforce and booming economy.
JPMorgan Chase Inks 437 KSF Lease in Redeveloped NYC Tower
The company will occupy 16 office floors and two street-level retail spaces at 390 Madison Ave. in Midtown Manhattan. L&L Holding Co. and Clarion Partners are currently transforming the original mid-20th century building into a futuristic 32-story high-rise.
German Investor to Buy $120M DC Hotel
Union Investment GmbH has inked an agreement to acquire Thompson D.C., a 225-key project in the Navy Yards district, from a joint venture involving Geolo Capital and JW Capital Partners. The purchase will increase the company’s growing U.S. lodging portfolio to five properties.
Abbey Nails Down $229M Bridge Funding on Retail Portfolio
Represented by law firm Sklar Kirsh, the company recapitalized a 27-property portfolio in California. The assets total 2.1 million square feet of space scattered across Los Angeles, Orange, Riverside, San Bernardino, Fresno and Kern counties.
Bloomberg HQ Awarded 3-Star Fitwel Certification
The 29-story office building marks the first Fitwel certification pursued jointly by a landlord and tenant. In addition, it is the first non-governmental, single-tenant property to be three-star certified.
JV Buys 199-Key Hotel in Downtown DC
The Beacon Hotel and Corporate Quarters has traded in a deal facilitated by Savills Studley. The new owners plan to carry out extensive on-site renovations.
Allen Morris Acquires Land for Atlanta Office Project
Star Metals Offices will offer office and ground-floor retail space, serving as the commercial component of the Star Metals Atlanta development.
QTS Lands Tenant for 24MW in Virginia
In addition to signing a new client, QTS Realty Trust purchased a 61-acre plot adjacent to the facility, which will eventually be developed alongside existing infrastructure.