News
Economy Watch: US Continues to Shift Westward, Southward
The Mountain and Pacific West regions are drawing in the most Americans, while the Northeast and Midwest continue to lose residents, according to a recent United Van Lines study.
The Critical Bridge Between Engineers, CRE
Engineers must combine technical and business savvy with extensive knowledge of real estate finance in order to manage the risk-return balance, optimize efficiency and resiliency or generate value from long-term investments, says Joe Derhake, who leads Partner Engineering and Science, a national environmental and engineering due diligence consulting firm.
Terreno Sells $11.5M Industrial Asset in Baltimore Area
The Jessup property previously changed hands in March 2011, when the California-based company shelled out $5.8 million, less than the $6.9 million it traded for in 2005.
Calare Grabs CT Industrial Property
The 175,000-square-foot warehouse was renovated in 2002 and is located roughly halfway between New York City and Providence, offering immediate access to the Interstate 91 corridor.
TD Bank’s Hugh Allen Names Hot Southeast Zip Codes
Atlanta, Charlotte, N.C., and Charleston, S.C., are among the most popular metros for commercial real estate growth and expansion, according to TD Bank’s regional director of CRE for the Carolinas.
NYC’s 10 Hudson Yards Achieves LEED Platinum Status
The 1.8 million-square-foot office tower at Related Cos. and Oxford Properties Group’s $20 billion Hudson Yards mixed-use development becomes the first commercial office building in New York to achieve the coveted Platinum rating since USGBC’s launch of the LEED v2009 rating system.
Driftwood Buys 231-Key Dallas Lakefront Hotel
The five-story Hilton is located in The Harbor mixed-use development on Lake Ray Hubbard. TRC Capital Partners was the seller.
Aon Acquires The Townsend Group
With this purchase, the company’s investment organization now manages more than $130 billion of worldwide assets. Morgan Stanley & Co. served as the seller’s financial advisor.
HFF Closes Financing for 7-Building Denver Industrial Park
The company placed a $11.2 million acquisition loan on behalf of the borrower, The Bendetti Co. The property is situated 23 miles from Denver International Airport.
CenterPoint Increases Bay Area Footprint
The company’s latest acquisition, a nearly 200,000-square-foot rail-served industrial property, sits near the entrance to the San Mateo-Hayward Bridge, enabling convenient access throughout the Bay Area.