News
Compass Planning 750 KSF NoVA Data Center
The 106-acre site is currently undeveloped, except for two agricultural buildings, a gravel parking area and gravel roads. True North Data is currently awaiting approval from the Loudoun County Board of Supervisors.
Portland’s Tallest Office Tower Changes Hands
Starwood Capital Group has extensive renovation plans for Wells Fargo Center to bring it back to its former status as one of the most iconic Class A office towers in Portland. CBRE and Kidder Mathews will lease the tower.
BoatUS Headquarters Sells in Alexandria, VA
Public Storage has purchased the building for $13.7 million. The firm plans to turn the building into a self-storage facility.
CBRE Adds Tenants to Atlanta Office Center
The latest tenants to join The Towers at Wildwood’s tenant roster are HITT Contracting and Primrose School. Other notable tenants include Thomas Horstemeyer, IBM, The Kellen Co. and General Electric.
Digital Realty to Develop 27mW Campus in Germany
The first of three planned buildings opened on Wilhelm-Fay Street, approximately three miles from downtown Frankfurt. The new site will be connected via dark fiber to Digital Realty’s existing facility in the city.
East Bay Industrial Business Park Changes Hands
Alex. Brown Realty Inc. together with CIP Real Estate have acquired Eden Landing in Hayward, Calif. The joint venture plans to invest $2 million in capital improvements.
Sonnenblick-Eichner Arranges $35M Financing for SoCal Hotels
Comprising 378 guestrooms, the three-asset portfolio was subject to 10-year, fixed-rate loans. Vista Investments previously completed renovations at the properties.
At Long Last, a Measure of Mezzanine Loans
Investors in high-yield real estate now have a way to compare their returns and performance against an industry-standard benchmark, thanks to John B. Levy & Co.’s creation of the first mezzanine loan index.
KAI Design & Build Adds New Chief Integration Officer
Michael Hein has joined KAI Design & Build’s St. Louis office. In his new position, he will be responsible for driving the firm’s strategic initiatives.
Phillips Edison Buys 100 KSF Retail Asset in Florida
In a transaction arranged by Transwestern, a Dallas-based group sold the two-story Winter Springs Town center, which is anchored by Publix.