Regions
Gramercy Lands $400M Syndicated Term Loan
Capital One also was the sole lead arranger, sole book runner and administrative agent. The loan has replaced a previous $175 million term loan that was closed in December 2015.
NJ General Mills Plant Trades for $5M
The 580,000-square-foot industrial asset previously served as a Progresso soup plant. It will allow F&S Produce Co. to expand and increase its production capacity.
Does Internet Quality Impact Office Leasing Decisions?
When asked about selecting workspace in the next 10 years, 92 percent of respondents to a study released by Radius Global Market Research and WiredScore mentioned connectivity as an important factor, surpassing both location (89 percent) and price (88 percent).
First Tenant at Boston’s 121 Seaport Signs for 250 KSF
Cresa Boston secured the space on behalf of tenant PTC, which will set up its new global headquarters in the 480,000-square-foot tower currently under development by Skanska US.
$1B University of Oregon Science Campus Unveiled
The project is being designed by Bora Architects and Ennead Architects. Groundbreaking on the $225 million, 160,000-square-foot first phase is scheduled for early February 2018.
Avison Young Brokers 500 KSF Chicago Industrial Deal
The portfolio consists of three buildings totaling 538,236 square feet of distribution space. They are located within the O’Hare submarket and are fully leased to Clear Lam and D&W Fine Park.
Armada Hoffler Initiates Phase VI of VA Development
Town Center, an ongoing partnership between Armada Hoffler Properties and the City of Virginia Beach, has seen more than $560 million in public and private funding. Phase VI brings two national retailers, as well as additional restaurants and apartments.
CPE’s Top 5 Articles in October
Miss out on any CPE stories in October? Here are five of our most popular articles for the month, including news on billion-dollar development projects in Los Angeles and Chicago.
The Future of Hotels: Keeping Up With the Competition
The hospitality market is constantly evolving to compete with home-sharing and offer what today’s traveler needs. Clay Markham, senior vice president at CallisonRTKL, shares five innovative ways for the industry to stay competitive.