News
First Phase of Cardinals’ $700M Ballpark Village Obtains Approval
The Missouri Development Finance Board has voted in favor of awarding $17 million in state and local tax incentives to help fund the $100 million first phase of the Cardinal’s mixed-use Ballpark Village project. The state of Missouri is expected to contribute around 25 percent of the bonds.
Forum Energy To Build $19M Facility to Manufacture Drilling Equipment
Houston-based Forum Energy Technologies announced it will be expanding its Louisiana presence by building a new 150,000-square-foot facility in St. Martin Parish.
HFF Arranges Sale of $148M Non-Performing Loan
HFF closed the sale on a non-performing loan carrying an unpaid principal balance of approximately $148 million.
Forward Momentum
Commercial/multifamily mortgage bankers originations index; 2001 quarterly average = 100
Apple Continues North Carolina Expansion
Apple Inc., the tech giant from California, has made yet another move to expand its North Carolina operations.
Starwood Opens its Largest Hotel Worldwide: 4K-Room Sheraton Macao
Starwood Hotels & Resorts Worldwide started the first phase of building the largest hotel it owns, in Macau, the sole place in China where gambling is legal.
Cassidy Turley Secures 620 KSF Management Assignment in Suburban Washington, D.C
USAA Real Estate chose Cassidy Turley to spearhead property management services for two Class A office buildings in Arlington, Va.
Developers Break Ground on Denizen Multifamily Project
With site preparation finally complete, foundations for the first townhomes at the Denizen project were poured last week. Continue reading →
Spirit Realty Capital Prices Initial Public Offering
The Scottsdale, Ariz.-based triple-net sector REIT launched an initial public offering Thursday, raising approximately $435 million, mostly to be used to pay off debt.