News
Manhattan Tower Lands $479M Construction Financing
Cove Property Group teamed up with an institutional partner to redevelop Hudson Commons into a 700,000-square-foot trophy office building. HFF arranged the loan through affiliates of Apollo Global Management.
KBS REIT Snares $1B Financing Commitment
BofA, Wells Fargo and U.S. Bank were the joint lead arrangers of the three-year facility, which marks the largest single financing transaction in the company’s history.
JV to Deliver 650 MW of Onshore Wind to Sweden
GE and Green Investment Group have partnered to deliver what will become the largest single site onshore wind farm in Europe, estimated to increase Sweden’s installed wind generation capacity by more than 12.5 percent.
Construction Begins on Miami’s Wynwood Walk
Thor’s mixed-use project will feature a mix of retail and restaurant space with a green rooftop, paseo and a landscaped terrace with outdoor seating.
The November digital issue of CPE is now available!
This month we focus on Corporate Real Estate, with features examining how companies are attracting talent to their headquarters and the current value of sale-leasebacks for both investors and occupiers. We also profile Avison Young’s Jonathan Larsen, unveil our 2017 ranking of the Top 50 Property Owners and offer insights into the achievements of this year’s CREW Network Impact Award winners. 101 Seaport, featured on our cover, won CPE’s Distinguished Achievement gold award for Best Sale; be sure to click through to find out about the program’s other winners.
Seda Packaging Renews WI Lease with HSA Commercial
The 61,162-square-foot space for which the agreement was signed is part of a multi-tenant industrial building within Park 94 in Mount Pleasant, Wisc.
Stream Tapped to Lease Dallas-Area Industrial Facility
Morgan Stanley appointed Stream Realty Partners as leasing manager of Eagle Park 20/35. The 454,408-square-foot industrial property in DeSoto, Texas, was completed last year.
Harbor Freight Adds 1 MSF to SC Hub
Already the region’s largest employer, the retailer intends to double its workforce. With this expansion, Harbor’s total investment in South Carolina will exceed $200 million.
IKEA Leases 1.7 MSF in TX, CA
The Swedish furniture retailer leased two distribution centers in Baytown, Texas, and American Canyon, Calif. Each project will create around 200 jobs.
CBRE Puts Chicago Retail Property on the Market
Elston Logan Plaza is fully leased to XSport Fitness, Panera Bread and Mattress Firm. CBRE Vice President Keely Polczynski will be in charge of listing the property.