News
Hanley Closes Inland Empire Retail 1031 Exchange
The firm negotiated the sale of a 33,708-square-foot pad building occupied by T.J. Maxx and ULTA Beauty in La Quinta, Calif. for around $8.9 million.
NAR Promotes New CEO
Current Senior Vice President Bob Goldberg succeeds Dale Stinton, who is retiring after having served as CEO for 12 years.
LA’s The Line Hotel Lands $93M Refi
Natixis has arranged the floating-rate financing for The Yucaipa Cos., owner of the 384-key lifestyle hotel in Los Angeles.
Economy Watch Weekly: Not All Retailers Feeling E-Commerce Impact
While electronics and clothing retailers are seeing a portion of their sales moving online, e-commerce has yet to gain traction in some other retail categories, according to a recent CBRE analysis.
JV Scores Prime Boston-Area Office Portfolio for $270M
Longfellow Real Estate Partners has teamed up with Morgan Stanley to acquire three Class A office and tech properties totaling 605,873 square feet in Cambridge, Mass. Longfellow will handle the building operations on behalf of the joint venture.
Duke Realty Makes Promotions
Steven Schnur is a veteran in the company since 2003, having held roles as regional executive vice president and senior vice president of Duke Realty’s operations.
MGM Resorts International Awarded Four Green Globe Certifications
The award, the highest assessment given by GBI, was bestowed upon a portfolio of 26 retrofit buildings in Las Vegas, which encompass more than 45 million square feet of hospitality space.
Construction Industry Backlog Up
The amount of construction work under contract but not yet completed rose to nine months, according to the Associated Builders and Contractors latest Construction Backlog Indicator, implying expanding demand for construction services, or a shortage of construction labor in a few markets.
Mammoth 1 MSF San Jose Office Project in Talks
TMG-VOP Julian LLC, a joint venture between TMG Partners and Valley Oak Partners LLC, has submitted a preliminary review application to the City of San Jose for the development of three six-story buildings.
The Domain Thrives in Austin
TIER REIT is about to begin construction on a 324,000-square-foot, 16-story office building within the booming live-work-play community on the city’s northwest side.