News
Mitsubishi Affiliate Launches First US Development Fund
Diamond Realty will use a total equity of $51 million to finance two multifamily projects in Texas and Colorado, as well as a logistics building in California.
HTA Shells Out $2.8B for Duke Realty Portfolio
The nation’s largest owner and operator of medical office buildings will become even larger with the acquisition of 78 health-care properties totaling 6.1 million square feet.
Boston’s Power
Investor and tenant demand remains healthy in the city’s multifamily market, even as rent growth decelerates after peaking in mid-2016.
Economy Watch: US Economy Turns in Sluggish First Quarter
U.S. real GDP increased only 0.7 percent in the first quarter of 2017, compared with 2.1 percent in last year’s fourth quarter. Commercial real estate investment also took a hit as lenders likely were more cautious to start off the year.
CPE’s Top 5 April Articles
Miss out on any CPE stories in April? Here are five of our most popular articles for the month, including an analysis of the industrial sector and news on Brookfield’s $855 million portfolio acquisition.
New JV Plans $870M Hotel Complex in Dubai
Schon Properties and Al Hamad Group are developing iSuites, a mixed-use project featuring a 2,550-key hotel, to support the Dubai government’s goal of attracting 20 million visitors to the city by 2020.
CBRE, NGKF Broker 18 KSF Industrial Building Deal
CBRE Senior Vice President David Prioletti closed the sale of an 18,000-square-foot industrial property on behalf of the owner, production company Video Impressions. Senior Managing Director Corey Chase of NGFK represented the buyer, food analysis laboratory Certified Laboratories Inc.
Omni Acquires Full Ownership of Atlanta Hotel
Omni partnered with Turner Broadcasting back in 2000 to acquire the 1,059-key hotel’s south tower and build the north tower, which opened in 2003.
Cleveland Mixed-Use Project Lands $142M Financing
HFF secured the financing on behalf of development partners Fairmount Properties and the DiGeronimo Cos. Scheduled for completion in spring 2018, Pinecrest will offer more than 400,000 square feet of retail, restaurants and entertainment.
Largest Hotel in PNW to Debut in 2018
The downtown Seattle hotel development boom continues with the upcoming 1,260-key Hyatt Regency Seattle, which is targeted for LEED Gold certification.