News
Update: Boston Biotech Facility Lands $135M in Financing
The new property, dubbed 828 Winter St., will consist of a three-story, 144,910-square-foot, Class A lab/biotech building with a four-level parking garage.
Covington Lands 800 KSF Industrial Portfolio
The Dallas-based company purchased a 500,625-square-foot warehouse and distribution facility in Columbus, Ohio, and a 300,000-square-foot facility in Baltimore. The buyer plans to make improvements to the buildings.
CPE’s Top 5 May 2017 Articles
Miss out on any CPE stories in May? Here are five of our most popular articles for the month, including a report on the highest taxed buildings in America and news on a massive live-work-play community underway from Hines.
Economy Watch: Contrary to Expectations, Some Retailers Are Expanding
While retail bankruptcies are at an all-time high, there are certain retailers that are still expanding, mainly in the off-price or discount category, according to a recent CBRE retail report.
Orlando Hotel Commands $206M
Xenia Hotels & Resorts Inc. snagged the valuable Hyatt asset in the heart of the top destination for U.S. tourism and job growth.
85 Broad St. in Manhattan Gets 2 New Owners
The 1.1 million-square-foot building takes up the full block of Broad Street between South William and Pearl streets and has 115 feet of frontage along Broad Street in the Financial District.
Parking Asset REITs Plan to Merge
Las Vegas-based MVP REIT Inc. and MVP REIT II Inc. will merge into a wholly owned subsidiary of MVP II. The transaction remains subject to various approvals and conditions.
Detroit Northern Suburb Retail Asset Changes Hands
A California-based investor acquired the Southfield, Mich., property from SRC Holdings LLC. Steven Silverman of Friedman Integrated Real Estate Solutions brokered the sale on behalf of both the seller and the buyer.
Apolloware Software to Enhance Solar Installations
Texas-based Bandera Electric Cooperative (BEC) developed the cloud-based Apolloware software solution to help its commercial and residential members monitor solar and energy storage installations in real time.
Historic Perry Brooks Tower Awarded LEED Platinum
The certification marks the first LEED Platinum office renovation in Austin. Perry Brooks Tower’s LEED Platinum scorecard totaled 81 out of 110 possible points.