News
Phoenix Industrial Asset Trades for $7M
The 86,000-square-foot distribution building is situated near Interstate-10 and Route 202. Axus Technologies occupies 23,000 square feet at the facility.
Hyperscale Data Center Campus Coming to DFW
The master-planned development known as AllianceTexas will be the home of a massive hyperscale data center, T5@Alliance. At full build-out, over 400 MW of dedicated critical power will be available.
The Benefits of Investing in Contaminated Sites
Developing on environmentally contaminated sites might seem like a complicated investment strategy, but the high rate of return can make it worthwhile. Winefield & Associates’ Matt Winefield and Partner Engineering and Science’s Frank Romeo share their insights on how to make these projects successful.
Mack-Cali Sells NJ Flex/Industrial Park for $66M
Heritage Capital Group acquired the 13-building Totowa Commerce Center in Totowa, N.J., as part of a 1031 exchange. Natixis Real Estate Capital provided acquisition financing for the deal.
New York Life Secures NJ Retail Refi
EDENS’ 208,337-square-foot Closter Plaza in Closter, N.J., is home to big names such as Whole Foods and Target, and is the only shopping center within a 5-mile radius.
CBRE to Market Miami Office Development
Carol Ellis-Cutler and Alina Plasencia, alongside Andres Asion of Miami Real Estate Group, are spearheading marketing efforts. The project is slated for completion by early 2019.
Economy Watch: Tech Sector Driving Office Demand
So far in 2017, the top 10 cities for office absorption include several tech-focused markets, including Brooklyn, Seattle and Santa Clara, Calif., according to a new Cushman & Wakefield report.
Bellomy & Co. Sells San Antonio Self-Storage Portfolio
The Ten Oaks Self Storage Boerne and Helotes are situated in central Texas and feature a total of 1,223 units and more than 186,000 net rentable square feet.
Hawaii’s Largest Office-Industrial Park Lands $165M Financing
Working on behalf of AIPA Properties, Sonnenblick-Eichner secured the 15-year, fixed-rate loan for Airport Industrial Park, a 1.3 million-square-foot mixed-use complex in Honolulu.
Pollack Realty Lands $26M for CA Boutique Hotel
HALL Structured Finance secured the first lien construction loan for the Park James Hotel in Menlo Park, Calif. The 61-key boutique hotel is scheduled for completion in May 2018.