Regions
Hospitality Sector Sees Sustainability as Key to Success
According to a new report by the Urban Land Institute, introducing green programs and features at hotels not only adds value to properties, it provides a competitive edge.
CBRE Ranks Top 50 Tech Talent Markets
While the top positions remained unchanged from last year, the new report notes that a shrinking supply of available talent has led to additional labor pools cropping up in smaller markets.
AXA Investment Managers Buys Into Trophy Oakland Office
AXA IM took the majority stake in 180 Grand, a 15-story tower in downtown Oakland, in a joint venture with the previous sole owner.
Everest Re Leases 315 KSF in Northern New Jersey
The reinsurance firm will relocate its U.S. headquarters to the Warren Corporate Center. Citigroup is currently in the process of moving out.
Bain Capital Sells Life Science Campus for $255M
The company teamed up with Phase 3 Partners to sell the 314,000-square-foot, Class A property in San Diego to a REIT.
Washington Capital Acquires Bethesda Office Property for $45M
The 1964-constructed building received a full renovation in 1997 and an Energy Star certification in 2010. A diverse set of tenants currently occupy 96 percent of The Fairmont Building.
Boston Mixed-Use Lands $315M Construction Loan
Madison Realty Capital will provide the financing, while Cain International will contribute most of the equity for the $400 million Raffles Hotels & Resorts tower in the Back Bay neighborhood.
MPT to Invest $1.6B in Multi-State Hospital Portfolio
To retire an existing term-loan debt, Prospect Medical Holdings entered into a sale-leaseback agreement with the trust. The deal involves assets in California, Connecticut and Pennsylvania.
With $4B Buy of IPT, Prologis Bulks Up in Key Markets
The all-cash transaction, which includes 37.5 million square feet of assets in 24 markets, will likely close in the fourth quarter.
Lee & Associates Opens New DC, Northern Virginia Office
The brokerage company hired Josh Simon as president and Pierce Kruetzer as principal for the newly opened regional branch, where they will oversee growing the team.