News
Hearst Tower is New York City’s Most Sustainable Office Building
By Veronica Grecu, Associate Editor
The U.S. Green Building Council (UCGBC) recently awarded Hearst Tower, one of the first green office buildings in New York City, a LEED Gold certification for new construction and a LEED Platinum award—the highest possible rating for […]
USAA Real Estate Acquires Interest in Square Mile Capital Management
USAA Real Estate Co. and Square Mile Capital Management L.L.C. now have something quite important in common — each other — with USAA’s strategic investment in Square Mile.
Healthcare Trust Buys Medical Office Building for $54M
by Adriana Pop, Associate Editor
Healthcare Trust of America recently purchased the eight-story Penn Avenue Place office building for $54 million. According to the Pittsburgh Tribune-Review, the seller is Penn Avenue Place Associates LP, led by Steven J. Guy.
Healthcare Trust of […]
Swire Properties Moves Forward with Large Brickell CitiCentre Project
By Georgiana Mihaila, Associate Editor
Developer Swire Properties is currently testing and preparing the site where its mega-project Brickell CitiCentre will soon begin to rise. The South Florida Business Journal reports the developer has received a $140 million credit by HSBC […]
Coreland to Manage 1.2 MSF of Watt Properties' California Retail
Coreland Cos.’ management responsibilities just got a lot bigger, as the company recently landed a contract to manage a 1.2 million-square-foot Southern California portfolio of neighborhood retail properties owned by Watt Properties.
Dogwood Creek Sells for $26 Million; Hunters Trace Apartments Financed for $11 Million
By Eliza Theiss, Associate Editor New York-based Somerset Partners LLC has purchased Dogwood Creek, a 278-unit apartment community on Houston Levee Road in Collierville. G & I V Dogwood Creek LLC, a joint venture between Fogelman Venture Partners of Memphis and a fund managed by New-York-based DRA Advisors LLC, sold the community at a rate […]
Retirement Home Planned for Davidson; Charlotte Emergency Facilities Receive State Approval
By Eliza Theiss, Associate Editor
Hawthorne Retirement Group is planning to construct a 33,000-square-foot retirement home on 4.19 acres of land on the shore of Lake Cornelius in Davidson. If built, the senior-housing community would feature a public trail and boat […]
DivcoWest Takes 261 KSF Silicon Valley Office Complex for $71M
In a 261,059-square-foot transaction, DivcoWest acquired the Caribbean Corporate Center, a portfolio of four, 100-percent leased office buildings in the Silicon Valley area for a reported $71 million.
Brookfield Refis Five Multi-Family Properties for $400M
In a deal arranged and closed by HFF, Brookfield Real Estate Financial Partners has secured a $400 million, seven-year, floating-rate refinance loan from M&T Realty Capital Corp. for a 2,600-unit multi-housing portfolio.
Economy Watch: Private Sector Hiring on All Cylinders
The private sector added 233,000 jobs to the U.S. economy in February. Rail volume was down for the same month, but intermodal traffic was up. And Fitch has downgraded Greece from a “C” rating to an “RD,” or “restricted default.”