News
Dominion to Power Facebook’s $1B VA Data Center With Solar
The company will expand its photovoltaic portfolio to meet the needs of Facebook’s recently announced 1 million-square-foot Virginia facility.
Slow Growth, Plentiful Promise in Fort Lauderdale
After years of dormancy in the wake of the financial crisis, office construction is finally sprouting in Fort Lauderdale, where more than 585,000 square feet of space is expected to come online by the end of the year.
Japanese Company Buys NYC Office for $468M
UNIZO Holdings purchased 685 Third Ave., a 31-story building in Midtown Manhattan, from a joint venture between TH Real Estate, an affiliate of Nuveen, and Future Fund of Australia.
L&L Holding, JP Morgan Form JV to Invest $4B in NYC CRE
The new $500 million partnership will acquire and develop properties throughout the Big Apple, with a strong focus on value-add office assets in Manhattan.
True North Expands Canada Office Footprint
The REIT paid $106.1 million to acquire five Class A buildings in Victoria, Greater Toronto, Ottawa, Halifax and Cambridge, offering a combined 492,900 square feet of rentable space.
Choice Opens New Orleans Hotel
The newly constructed, 162-key Warehouse District property is situated within the central business district and close to the French Quarter.
Canyon Square Plaza Trades for $23M in Santa Clarita
Kimco Realty REIT sold Canyon Square Plaza to a private high-net investor. The occupancy rate of the property was 96 percent at the time of the sale.
177 KSF San Diego Office Asset Lands Refi
Working on behalf of Cruzan, CBRE secured a $41.2 million senior loan for the refinance and lease-up of creative office asset Make in Carlsbad, Calif.
Economy Watch: Retail Sales Enjoys Strong September
U.S. retail and food services sales increased 1.6 percent compared with August, according to the U.S. Census Bureau, with the auto and gas station categories faring best for the month.
Florida CRE: Long-Term Preparation Pays Off in Wake of Hurricane Irma
Florida has the strongest building codes in the U.S., with construction standards enacted to withstand wind speeds of up to 175 miles per hour or a Category 5 hurricane.