News
Graceada Partners Picks Up Sacramento Office Building
The 78,400-square-foot property is the new headquarters of the California Department of Business Oversight.
Hotel Equities to Manage 36-Property Midwest Portfolio
The management company and its affiliate are slated to handle future transactions, conversions and upcoming developments.
Architecture Firms See No Relief in August
For the third consecutive month, a key index from the American Institute of Architects shows reduced billings and construction activity.
Avison Young Acquires Proptech Company
Truss is an online marketplace tool for offices and coworking spaces.
FEMA’s Largest Infrastructure Grant Awarded to Puerto Rico
Puerto Rico is estimated to receive nearly $13 billion destined to help rebuild its electrical grid system and drive the recovery of the local education system.
Directed Capital Closes 10th Fund at $92M
The close of the company’s latest distressed assets fund follows on the heels of new credit facilities totaling $100 million.
PGIM Real Estate Adds $700M Industrial Portfolio
Acquired through a recapitalization with the existing ownership, the national portfolio includes 30 buildings totaling 5.4 million square feet across five key markets.
Padres, Tishman Speyer JV Tapped for $1.4B San Diego Redevelopment
The development team could break ground on the 2 million-square-foot project as early as 2023.
Seefried JV Delivers 1 MSF Orlando-Area Amazon Warehouse
In April, the developer received a $68.5 million construction loan from Wells Fargo for the project.
Amazon Buys Northern Virginia Hotel for HQ2 Phase Two
An Amazon subsidiary purchased a Pentagon City, Va., hotel from Blackstone Group for $148.5 million, clearing the way for the e-commerce giant’s second U.S. headquarters.