News
LA: Affordable Housing Wanted
Continued improvement in the area’s job market and a steady household creation maintain rent growth in contrast to the nationwide cooling trend, Yardi Matrix data shows.
Business Insider Inks 88 KSF Lease in Lower Manhattan
The company will occupy the entire eighth and ninth floors at 1 Liberty Plaza, a 54-story office building owned by Brookfield Property Partners.
Economy Watch: Food & Beverage Sales May Help Ailing Shopping Centers
Restaurants and other eateries account for more than 20 percent of units in new and redeveloped shopping centers in mature markets, according to a recent Cushman & Wakefield report. This trend will likely continue as consumer spending on eating out is expected to grow over the next decade.
Easterly Government Closes $128M Medical Financing
The 10-year non-amortizing loan is for the Department of Veterans Affairs Ambulatory Care Facility, located in Loma Linda, Calif. The asset was recently acquired by Easterly Government Properties.
Castellum Builds Sweden’s First WELL-Certified Building
The company’s investment is estimated at $41 million, including the acquisition of land for the property. The building dubbed Eminent, will offer around 103,000 square feet of office space.
George Lucas Museum Gets Green Light
Designed by MAD Architects, the Lucas Museum of Narrative Art will feature an estimated 100,000 square feet of gallery space. The landmark will house a collection illustration, photography, film, animation and digital art.
Samsung Grows US Footprint With $380M SC Plant
Once up and running, the facility is expected to employ workers across a broad range of advanced manufacturing roles, including craftsmen, operators, engineers and other technical and non-technical positions.
Government Properties to Acquire First Potomac in $1.4B Deal
The resulting company will have an enterprise value of $4.3 billion, with gross assets of $4.1 billion. The transaction is expected to be completed by the end of 2017.
Suffolk to Head Construction of Coney Island Development
The company was tapped by Cammeby’s to oversee construction of a 42-story residential tower, parking, a 50,000-square-foot community facility and more than 100,000 square feet of retail space.
San Antonio Lures Investors
Demand for apartments is expected to remain high as more residents move south to avoid the rising cost of housing in Austin.