News
Howard Hughes Unveils Las Vegas Ballpark Plan
The company will develop the stadium at its Summerlin master-planned community. The venue will serve as the home of the Las Vegas 51s baseball team, which is also owned by HHC.
Grandbridge Names New Head of Miami Team
Alex Haw’s background includes balance sheet originations, CMBS, debt capital markets and workouts in the real estate and energy sectors.
Dropbox Inks Largest Single Office Lease in San Francisco
Kilroy Realty signed the global collaboration platform company to the 750,000-square-foot development, the largest deal of its kind ever executed in the Bay Area.
Westport Properties Hires New Vice President
Ben Hall joined the company from Heitman Capital Management. He will be in charge of growing Westport’s self-storage portfolio on the East Coast.
C&W Appoints New Senior Director in NJ
Following more than a decade with CBRE, Stephen Sander will be Cushman & Wakefield’s newest senior director of industrial brokerage for the New Jersey market.
Economy Watch: U.S. Economy Strong, but Susceptible to Geopolitical Risk
Both the U.S. economy and real estate industry are enjoying stable, continued growth, but they remain vulnerable to potential policy changes and Federal Reserve moves, according to Transwestern’s latest report.
Phoenix Ritz-Carlton Hotel and Residences Lands $282M
HFF arranged a $210 million senior land and construction loan with Bank of the Ozarks, as well as $72 million in mezzanine financing with Starwood Property Trust Inc.
CIT to Leave Reverse Mortgage Business
The sale of Financial Freedom, CIT’s reverse mortgage servicing business, and its $900 million portfolio is expected to close in the second quarter of 2018.
Arch Street Closes Salt Lake City FBI Office Sale
The 169,542-square-foot mission critical facility is 100 percent leased to the United States General Services Administration on behalf of the FBI.
Eric Paulsen Takes on Leadership Role at Cushman & Wakefield
The real estate veteran, with 30 years of experience, will lead the Orange County and Inland Empire offices. His responsibilities include overseeing the strategic focus, growth and talent management.