Regions
Trends in Cost-Effective, Energy-Efficient Technologies
In the aftermath of recent extreme weather events, commercial real estate players are turning to alternative energy sources to ensure continued operations during disasters, notes Kate Moore, deputy director of the National Renewable Energy Laboratory’s Innovation & Entrepreneurship Center.
Office-Industrial AZ Portfolio Lands $86M
Working on behalf of Globe Corp., Walker & Dunlop structured three long-term, fixed-rate loans for four properties in Phoenix, Scottsdale and Tempe, Ariz.
Insight on the CRE Market
CohnReznick’s David Kessler spoke with Yardi Matrix’s Jeff Adler about the changing market for commercial real estate.
Baceline Acquires Madison Shopping Center for $3M
MLG Capital sold the 45,000-square-foot retail building, which is 90 percent leased, primarily to long-term, community-focused tenants.
Hartz Mountain Lands 232 KSF Charlotte Warehouse
Sun Life Financial/Bentall Kennedy sold the distribution center, which is fully occupied by three tenants and is located in a desirable industrial submarket.
Sacramento Nabs Largest On-Airport Solar Facility in CA
With capital investment from NRG Energy, the project is expected to provide nearly one-third of the city’s airport with electricity, cutting energy costs by $850,000 per year.
Cress Capital Buys $25M Denver Office
Union Tower is situated in a highly amenitized neighborhood. Before being sold, its previous owner, TA Realty, initiated a renovation plan, which the new owner will resume.
LA Office Building Sells Online for $17M
The sale of the building, located in the city’s Century City neighborhood, was handled from start to finish using Ten-X’s Offer Select tool.
HSF Closes $55M Construction Loan for New CA Hyatt
The 150-key property is scheduled to open in early 2019 and will feature a full-service spa and fitness center along with 30,000 square feet of retail.
Hines Signs Chipotle to 152 KSF in Denver
With the 15-year deal in place, the upcoming 671,000-square-foot office development at 1144 15th St. in downtown’s LoDo neighborhood is now more than 65 percent pre-leased.