News
M&T Bank, Natixis Co-Lead $195M NYC Office Refi
SL Green, New York City’s largest office landlord, and PGIM, the global investment management arm of Prudential Financial, purchased Tower 46 in 2014, with the help of a bridge loan from Wells Fargo.
South SF Office/R&D Campus Welcomes New Tenant
Corbion will move into the South Tower of Genesis, a two-building research and development/office campus in South San Francisco, at the beginning of November. The new tenant will relocate nearly 50 employees.
Olayan, Chelsfield Unveil $300M NYC Office Reno Plan
550 Madison Ave. in Midtown Manhattan will undergo modernization to its interior spaces, as well as adding high-quality amenities, world-class retail and restaurants. The renovated property is targeting LEED Gold certification and will be ready for new tenants in 2019.
ATCO-Migdal JV Snags Manhattan Office High-Rise
The 18-story building is situated in the Garment District, just steps away from Penn Station and Herald Square. Fashion designers Jason Wu, Thom Browne and Reem Bridal, along with media group Newsday, are among the property’s tenants.
Transwestern: Autonomous Vehicles to Shape CRE
Driverless cars will one day be ubiquitous, and their presence will have a tangible effect on the urban landscape, changing development activity in the office, industrial and retail sectors.
Public Storage Opens 890-Unit Facility in Plano, TX
The nearly 900-unit asset marks the company’s ninth self-storage facility in the city. The facility will serve the local community, as well as the adjacent city of Allen, Texas.
JLL Arranges Sale of Office Asset in Houston
Under its new ownership, Pinehollow Office Park will undergo a capital improvement program that will add retail space to the Class B development.
Next Steps for Health Care
As patients’ needs change and technology advances, health-care developments are adapting. Mainstreet Group’s Zeke Turner considers how the health-care real estate sector is shifting—and attracting investors along the way.
Fuqua to Develop ATL Mixed-Use Asset
Madison Yards, in Atlanta’s Reynoldstown, is Fuqua Development’s newest mixed-use project. The company plans to invest $250 million in the 17-acre site to develop 600 residential units and 130,000 square feet of retail, restaurant and office space.
Atlanta Business Park Trades for $3.2M
The 45,960-square-foot multi-tenant asset was 95 percent leased at the time of the transaction. Earlier this year, it was subject to a refinancing deal which included several industrial assets.