Regions
Designing the Avant-Garde Workplace
Koray Malhan, chief design officer at Koleksiyon, takes us behind the scenes of the design process for the next generation of office amenities.
Economic Growth, Job Gains Support Sustained Upcycle
Sustained economic prosperity will buoy the commercial real estate business for at least another year, predicts BBG’s Chris Roach.
Hertz Investment Acquires VA Asset for $79M
The company purchased Dominion Tower, an approximately 403,300-square-foot building that is the largest office property in Norfolk, Va., from Harbor Group International.
WeWork Inks 236 KSF Lease in New York City
The coworking giant’s lease makes up nearly a third of CIM Group’s 1440 Broadway. WeWork will also get a private entrance and lobby at the building.
Citrine Advisors Secures $7M in Financing for Bay Area Property
Continental Partners arranged the loan to facilitate the purchase and renovation of the 34,149 square-foot mixed-use building in San Leandro, Calif.
Hines Partners With Workwell on Tenant App
The partnership will roll out the all-in-one app in cities like Houston and New York and in the United Kingdom first, before expanding to the rest of its global portfolio.
MCR Acquires Baltimore-Area Homewood Suites
The 147-key hotel in Linthicum, Md., located near Baltimore-BWI Airport, recently underwent a multi-million-dollar renovation. MCR did not disclose the purchase price for the asset.
Urban Outfitters Inks 310 KSF Industrial Lease in PA
The 309,000-square-foot facility is being developed by Herring Properties in Bucks County, Pa., and is slated for completion by mid-year 2019.
Tremont Mortgage Closes $30M Financing for St. Louis Portfolio
The firm provided a $26.4 million first mortgage bridge loan and a $3.1 million future funding allowance for the purchase of West Park I, West Park II and Pine View Point.
Bridge Development Makes Chicago-Area Industrial Acquisition
The company will demolish the existing facility and redevelop it into a state-of-the-art distribution center by the end of 2019.