Regions
World’s Largest Single-Site Solar Power Plant Begins Operations
Completed within less than two years, the solar project has a generating capacity of 1,177 megawatts, produced by 3.2 million solar panels.
Saturated Markets Push Down Self Storage Rents
Street rates decreased in about 42 percent of the top markets tracked by Yardi Matrix. Nationally, rents fell by 0.9 percent for standard non-climate-controlled units and 2.2 percent for climate-controlled units.
Transwestern, C-III Capital Pay $60M for Phoenix Office
The joint venture paid cash for the 218,254-square-foot Class A mid-rise in the five-building Camelback Esplanade campus north of downtown.
Salt Lake City Metro Office Park Breaks Ground
Building 1 of the 540,000-square-foot development in Draper, south of Salt Lake City, is slated for completion early next year. The sustainable property will feature 60 electric car charging stations.
Despite Record Growth, CRE Industry Should Plan for Downturn
The economic expansion just became the longest in U.S. history, but now is the time to prepare for the next downturn, contends RCLCO Real Estate Advisors.
Denver-Area Hotel/Convention Center Lands $800M Refi
The loan package covers a potential expansion of the $795 million Gaylord Rockies Resort & Convention Center in Aurora, Colo., which opened in December 2018.
Liberty Property Trust Sells Philly Office Asset for $99M
The University of Pennsylvania’s health system, the property’s sole tenant, bought the Center City tower in a reportedly record-breaking deal.
Conor Commercial Delivers IL Industrial Facility
The 265,550-square-foot North Avenue Commerce Center represents the largest commercial development in Winfield’s history. The project is expected to create some 280 jobs.
CareTrust Buys Idaho Skilled Nursing Facility
Cascadia of Nampa is the newest property part of tenant Cascadia Healthcare’s portfolio in the state, which totals 12 facilities.
Savills Facilitates Lease Renewal for Chicago Architecture Firm
Robert Sevim, Eric Feinberg and Joe Learner worked on behalf of Skidmore, Owings & Merrill, while JLL represented the landlord. SOM occupies three floors in the Railway Exchange Building.