News
Economy Watch: CRE Prices Growing
On the whole, commercial property values experienced increases in year 2014.
Irgens Plans Medical Office Building in Peoria
Commercial real estate solutions firm Irgens announced the development of a new, 60,000-square-foot medical office building in Peoria, AZ.
Meridian Capital Group Secures $18M Bridge Loan and JV Equity for Multifamily Community in OKC
New York-based debt broker Meridian Capital Group has secured $18.4 million in joint-venture equity and bridge financing for The Village at Stratford in Oklahoma City.
Mason Industrial Property Sells for $4.7M
The metro area’s latest industrial transaction has occurred in Mason. The Cincinnati Fan property, at 7697 Snider Road, was recently acquired by Robinson & Sons, LLC, for $4.7 million. The industrial manufacturing facility is located on a 17.6-acre site. It offers 122,898 square feet of space.
Revitalization of Downtown Pittsburgh Landmark to Bring Retail, Hotel and Apartments
The iconic Macy’s building in downtown Pittsburgh could soon house a mix of retail, hotel space and high-end apartments.
DTZ Secures Financing for 2 Towers in Cincinnati
DTZ isn’t talking numbers but the commercial real estate services firm recently secured financing for acquisition of two office towers.
AFIAA Buys Historic Building in D.C.’s Chinatown
AFIAA, a Zurich-based investment foundation of 35 Swiss pension funds, has recently expanded its D.C. portfolio of commercial properties, with the acquisition of a historic building in the heart of Chinatown. The property is called Arch Square. It traded for about $104 million.
International: Renzo Piano to Design One Sydney Harbour
The upcoming residential towers at Barangaroo South, One Sydney Harbour are set to be designed by world-famous architect Renzo Piano.
Cotswold Expands in Philadelphia Market
The Cotswold Group knows a good redevelopment opportunity when it sees one.
MetLife’s Sizeable Mortgage Mandate
MetLife Real Estate Investors has received a mandate from an unnamed reinsurance company to invest a nice chunk of change in U.S. CRE loans.