News
Irgens Snags $80M Financing for Milwaukee Office Tower
Walker & Dunlop Capital Markets secured the non-recourse loan for 833 East Michigan, a 359,000-square-foot, LEED Silver-certified building in the city’s central business district. Completed in 2016, the 17-story lakefront property became the first significant downtown office development in almost a decade.
Starwood Capital Buys Forestar Portfolio for $232M
The off-market acquisition included residential and commercial assets in high-growth markets throughout Texas, the Southeast and the Western U.S. The transaction follows an earlier bid by Starwood to purchase Forestar Group outright.
Nasdaq Relocates HQ to 4 Times Square
The Durst Organization inked a 15-year lease with the company to bring its headquarters to Nasdaq’s current MarketSite location.
Arby’s to Relocate HQ in Atlanta
Columbia Property Trust inked a 12-year lease with the company to occupy 161,000 square feet at Three Glenlake.
San Diego-Area Luxury Hotel Opens Doors
The recently renovated 159-key Willows Hotel & Spa is located 35 miles outside of the city and represents the third phase of Viejas Casino & Resort’s development plan.
Transwestern Closes 142 KSF Texas Leases
WorldVentures expanded its global headquarters to 125,000 square feet at Legacy Tennyson Center, while Affinion Group signed a lease contract for 17,153 square feet.
Hilco Scoops Up Former Chicago Power Plant
The company plans to demolish the building and construct an industrial facility in the Little Village neighborhood. Remediation work of the 70-acre site might take up to 24 months.
Economy Watch: Healthy Retail Sales Growth Ahead in 2018, NRF Predicts
The retail sector should see a boost in sales growth this year, topping 2017’s 3.9 percent growth, according to the firm’s latest economic forecast.
Charleston Logistics Provider to Invest $36M in 400 KSF Expansion
The company acquired 26 acres of land at a former Navy base, with plans to build a facility to support its operations near Port of Charleston.
CareTrust Buys Montana MOB
The overall investment in the asset amounted to more than $5 million, including transaction expenses. Evans Senior Investments arranged the deal.