News
Davidson Expands CA Portfolio
Located in the heart of the prominent California Highway 1 corridor, the 550-key hotel spreads across a 22-acre site nestled along the historic 18-hole Del Monte Golf Course.
Hilton’s Tapestry Debuts Three New Hotels
The Troubadour in New Orleans will be a 184-key hotel situated right next to the French Quarter, within walking distance of multiple New Orleans clubs, restaurants and attractions. Hilton plans to open two more Tapestry hotels in 2018.
Long Island Office Park Commands $61M
Hauppauge Office Park in Hauppauge, N.Y., comprises three buildings occupied by multiple financial tenants. The office campus is anchored by Allstate, which has a 10-year, full-building lease.
JPMorgan Chase Commits $900K to Help Detroit Go Green
The money will target infrastructure projects, in addition to Chase branch updates for better energy efficiency. The Nature Conservancy, Eastside Community Network and Jefferson East community are some of the groups accessing the funds.
Reducing Energy Consumption in CRE: ULI Report
The Urban Land Institute’s Greenprint Center for Building Performance just released Volume 8 of the Greenprint Performance Report, which indicates that commercial building owners and managers are making significant progress in decreasing energy consumption, water usage and carbon emissions.
Forest City to Begin Work on SF’s Pier 70
The project will include both new construction and adaptive reuse of historic structures and will also expand access to a part of San Francisco’s waterfront that has been underutilized and largely inaccessible for more than a century.
KY MOB Changes Hands
A subsidiary of Everest Healthcare Properties recently purchased a 60,000-square-foot medical office building in Louisville, Ky. The property was 95 percent occupied at the time of the sale.
Co-Working Creeps into Corporate Property Strategy
At the ULI Fall meeting in Los Angeles, panelists identified emerging trends in the modern office environment, emphasizing shorter-term use arrangements to give companies flexibility in how to manage both people and properties.
Peak10 + ViaWest Buys $33M PA Facility
The company has plans to improve carrier capacity to more than 80 providers. The newly-acquired data center was previously owned by GSK, which will continue its IT operations at the location.
Peak10 + ViaWest Completes Denver Expansion
With the newly added raised floor space, Compark becomes the company’s largest of five Denver facilities. It can deliver 1,500 watts per square foot, at a power usage effectiveness of 1.3.