News
InterContinential Resort Debuts in Slovenia’s Capital
The new hotel features 165 guest rooms including 15 suites, offering panoramic views and contemporary interior design with sophisticated details reflecting Slovenian culture.
LA-Area MOB Lands $51M Refi
Capital One secured the loan on behalf of TriStar Realty Group. The 120,000-square-foot asset is the first new medical office building to open in the area within the last 20 years.
Skanska Tapped for VA’s Tysons Corner Project
The company will build a 20-story, 468,000-square-foot Class A office property and 108,000-square-foot theater. The development is scheduled for completion in October of 2018.
Partners Capital Buys Industrial Asset in 1031 Exchange
The purchase of the fully-leased 92,000-square-foot asset in San Bernardino, Calif., for nearly $8.7 million, marks the company’s sixth industrial acquisition in the past 18 months.
Westcore Buys Vancouver Business Park for $39M
The EastRidge Business Park, consisting of 25 free-standing retail, office and light industrial buildings, marks the company’s first foray in Greater Portland.
Honing in on NJ
Looking for the next emerging neighborhoods, Hornrock Properties builds Class A communities in Harrison and Hackensack, N.J. Maurice Hornblass, principal of Hornrock Properties gives insight into his company’s approach to multifamily amenities.
Atlanta Plaza to Undergo Major Upgrade
The ownership’s modernization project will serve as an homage to Atlanta’s John Ottley while incorporating modern strategies for workplace design.
Employment Picture
The total number employed from July 2016 to July 2017 increased by 1.3 percent, or 2,033 people, while the total number of unemployed decreased by 10 percent, or 826 people.
CMBS Delinquencies
The total delinquent balance fell for multifamily ($-38m, $484.1m), lodging (-$134m, $1.2b), office (-$122m, total $5.3b), industrial (-$59m, $1b), and rose for retail ($61m, $5.6b).
Investment
The average price per square foot for all property types came to $207,000 in the second quarter of 2017, with CBD Office commanding the highest value at $397,000.