News
Lightstone Lands $260M Refi for Times Square Hotel
Goldman Sachs provided the refinancing for the 612-key Moxy Times Square, which made its debut in September of this year.
Allianz Takes Stake in Times Square Tower
The purchase from SL Green capped a year of investments in U.S. real estate that reached $3.5 billion for the company, which now has $16.3 billion in assets under management nationwide.
Thor Secures 3 New Lessees in Houston
Hancock Whitney Bank, Novum Energy and Regency Centers will be tenants at 3200 Kirby, a new 186,000-square-foot Class A office building and luxury mixed-use development.
GreenWise Market Coming to Mt. Pleasant, SC
Regency Centers revealed its plans to develop a GreenWise Market in Indigo Square, scheduled to open in the fourth quarter of 2018.
Employment Picture
For unemployment, the most significant decline was in the Production occupation with 36.3 percent, followed by Management, Business and Financial (22.9 percent) and Production, Transportation and Material Moving (22.7 percent).
Cambridge College Unveils New Boston Campus
The new Charlestown campus responds to the college’s need for a cohesive location and provides 108,000 square feet of modern educational space.
Hong Kong Tops List of Most Expensive Office Locations
Cushman & Wakefield research shows the city has replaced London’s West End as the most expensive to accommodate staff.
New JV to Build 120 KSF CA Self-Storage Facility
A joint venture of Miami City Self Storage and Cypress Equity Investments will develop its first facility in Inglewood, Calif. Self-storage lending REIT Jernigan Capital has invested $28.7 million in the project.
ezStorage Opens 1st Alexandria, VA, Location
The company has opened its first self-storage asset in the D.C.-area city, after completing construction in one year using a $12 million loan. The three-story facility totals 132,423 square feet.
KBS REIT Sells $804M Portfolio to New Singaporean REIT
The 3.2 million-square-foot buy is part of the newly formed REIT’s plan to focus on office real estate in key U.S. growth markets.