News
Celebrating 30: Blackstone, Wells Fargo Make $23B Buy
We’re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate’s history. This week: Blackstone and Wells Fargo’s mega-deal with GE Capital. Stay tuned for our weekly posts and follow along with us using the hashtag #CPETurns30.
Bank of the Ozarks to Build 247 KSF AR HQ
The financial heavyweight has acquired a 44-acre site at The Ranch in Little Rock for its new corporate campus. Construction is expected to begin before year-end.
Zayo Expands Atlanta Colocation Facility
Zayo will add another six megawatts of critical power on the 72,100-square-foot facility, adjacent to its existing Atlanta data center at 1100 S.W. White St.
Mass Equities Receives $30M Loan for Industrial Buy
Mass Equities, leader of a Santa Monica-based joint venture, received a $30 million loan to purchase a 157,210-square-foot industrial property in Denver. The joint venture plans to turn the space into a mixed-use property.
Skanska Invests $90M in Denmark Hotel Project
The 357-key hotel will comprise around 275,000 square feet of space. Construction is scheduled to begin in January 2018 and completed by September 2020.
IHG Opens Highest Hotel in Vietnam
The 359-key InterContinental Hanoi Landmark72 is situated atop the Keangnam Landmark72, comprising the 62nd to 71st floors. The hotel is within close proximity to some of Hanoi’s major landmarks and attractions.
Poll: Cybersecurity
CPE has a new poll! We want to know how you work to protect tenants’ data from cybersecurity threats.
The Story of Fan Pier, a Catalyst for Boston’s Waterfront
In the last decade, Boston’s Seaport District transformed into a modern neighborhood, with glass towers and futuristic cultural and event venues. The new developments, some delivered at the height of the real estate crash, are the result of a collaboration between local and state authorities, private investors and developers, residents and cultural organizations. Joseph Fallon, president of The Fallon Co., revealed the story behind Fan Pier, the project standing at the core of Boston’s southern waterfront.
Economy Watch Weekly: Consumers Concerned by Storms’ Impact
Economy Editor Dees Stribling discusses the recent hurricanes’ effect on U.S. consumers outlook for the economy, for the week ending Sept. 22, 2017.
Seagis Buys Warehouse Complex in Miami
With its latest acquisition, the company’s holdings include 10 million square feet of industrial buildings in South Florida, New Jersey and New York City.