Regions
Portland Mixed-Use Project Moves Ahead With $460M Loan
George Smith Partners secured the financing for BPM Real Estate Group from an affiliate of Mosaic Real Estate Investors. The 35-story development will bring a five-star hotel, office, residential and retail space.
EXAN Capital Buys DC Trophy Office Asset for $119M
Akridge and Alcion Ventures sold the 104,000-square-foot property at 1701 Rhode Island Ave. NW, formerly known as the YMCA National Capital building. Coworking giant WeWork occupies the entire structure.
Dominion Energy Begins Work on Offshore Wind Project
The first phase of construction takes place onshore and consists of the installation of a half-mile conduit that will hold the final stretch of cables connecting two 6 MW turbines.
Marcus Partners Sells Connecticut Offices for $30M
The Boston-based private equity firm acquired the Westport, Conn., complex in 2014 and invested $5 million in a capital improvement program.
DivcoWest Buys NYC Trophy Building for $310M
The company has added a second Manhattan office asset to its portfolio with the acquisition of a 283,700-square-foot tower from Boston Properties.
Inland Empire Industrial Asset Lands 2 Tenants
The two companies signed leases totaling some 250,250 square feet, encompassing the entire Class A distribution center in Ontario, Calif.
JLL Income Property Trust Pays $90M for San Diego MOB
Genesee Plaza is a two-building campus in the city’s University Town Center, close to the University of California, San Diego and Scripps Hospital campuses.
The New Workplace: A Millennial Designer’s Perspective
MKDA’s Emma Tessler on the open office, generational differences and the coolest new products at this year’s NeoCon.
US Jobs Picture Holds Steady
While several of the big-picture numbers hardly budged, total nonfarm employment rose, with substantial gains seen in professional and business services, health care, and transportation and warehousing.
Sacramento LEED Platinum Office Asset Commands $127M
The Evergreen Co. purchased the 385,844-square-foot Class A high-rise in the city center through a partnership with UAIC Development Corp.