News
Hudson, RXR Launch Joint Lending Platform for New York Region
Real estate fund manager Hudson Realty Capital L.L.C. and RXR Realty, a private real estate company, have joined forces to create a commercial real estate lending platform focused on the New York Tri-State market.
LaSalle Investment Management Takes Two Medical Office Buildings for $148M
Kilroy Realty Corp. has unloaded $147.5 million of property — in the form of two medical-office buildings — to LaSalle Investment Management. The two Class A buildings, which total 253,676 square feet, are located in San Diego.
Economy Watch: Study Warns of Adverse Impact of Accounting Rule Change on CRE
CRE and nonprofit associations have released a study demonstrating that the proposed changes to U.S. lease accounting standards would have a serious negative impact. And the OECD estimates that, among its 34 developed-nation members, GDP advanced a miniscule 0.1 percent in the fourth quarter.
Swift Realty Ready to Flip 600,000 SF in Concord
By Alex Girda, Associate Editor
Less than a year after its acquisition of the former Bank of America campus in Concord, Swift Realty Partners is ready to start flipping the property. The company has listed the buildings at 2000 Clayton Road […]
Playa del Rey to Get First New Office Complex in 20 Years
By Alex Girda, Associate Editor
Playa del Rey will get its first new office complex in 20 years—The Strand Offices at Playa del Rey, a two-building complex at 311 and 315 Culver Boulevard.
At 10,000 square feet, the property will be modest in size, yet developer Cove Spring Partners L.P. is counting on the property’s location adjacent […]
Henderson Arena Gets $650M Financing Deal
By Alex Girda, Associate Editor
A $650 million sports arena in Henderson has taken a major step forward with the memorandum of understanding between developer International Development Management L.L.C. and CSST Smart Cities International. The support of the latter entity’s Chinese […]
Rockspring Capital Acquires New Braunfels Land; Gold Gym’s Shopping Spree
By Camelia Bulea, Associate Editor
Houston-based Rockspring Capital has acquired 40 acres of land in New Braunfels, at the intersection of Seguin Avenue and Klein Road, with the goal of investing in the housing market in the area. Future plans call […]
$1B Growth Plan for South Dallas
By Camelia Bulea, Associate Editor
“Plan for Growth in Southern Dallas,” a program newly revealed by Mayor Mike Rawlings, could lead to projects worth $1 billion for the 169 square miles of South Dallas.
As it represents a large part of Dallas, […]
Bourbon Orleans Hotel Completes Extensive Makeover
By Amalia Otet, Associate Editor
The Bourbon Orleans Hotel has recently gone through an extensive, multimillion-dollar renovation comprising all of the hotel’s 218 luxury guestrooms and 28 distinctive balcony suites.
“The substantial improvements to guest rooms and bathrooms have continued the upgrade […]
Historic May Co. Building Could Become Casino Parking Deck
By Adrian Maties, Associate Editor
As the Horseshoe Casino and many other projects in Cleveland’s downtown near completion, some hope to benefit from the traffic the new developments will bring in. The owners of the historic May Co. building plan to […]