Regions
Alexander’s Cashes Out Nearly $200M in Manhattan Refi
The office portion of 731 Lexington Ave. in Manhattan received $500 million in refinancing, which matures in June of 2024.
Economy Watch: Construction Spending Takes a Dip in April
Both private and public construction spending declined for the month in almost every property category, according to the Census Bureau, including in lodging and health care.
CWI Lands Charlotte Marriott City Center
The REIT acquired the hotel following a $40 million renovation process completed in 2016. The building is now dubbed “The Beta Hotel” due to its ultra-modern features.
Hanley Arranges Sale of Single-Tenant Walgreens in San Diego County
The 14,380-square-foot property in in Oceanside, Calif., traded for $7.4 million, marking only the second Walgreens in the county to change hands in the last 12 months.
Lean 3P Workshop: Successful Stakeholder Engagement in Facility Design
Why using the Production Preparation Process model is an effective tool for health care architects to gather, distill and incorporate all parties’ considerations into a new construction or renovation of a facility, according to E4H Environments for Health Architecture’s Regan Henry and Mike Bennett.
Economy Watch: Job Growth Tepid in May
The U.S. economy saw below-average job growth for the month, adding only 138,000 jobs, the Bureau of Labor Statistics reported. However, segments of the economy that affect commercial space absorption still had reasonably good job creation.
BLT Enterprises Expands San Diego Industrial Footprint
The recent acquisition of a 60,000-square-foot industrial building in Carlsbad, Calif., brings the company’s holdings in San Diego to more than 600,000 square feet.
A&G Realty Launches Non-Retail Division
During the first quarter of 2017, A&G completed 18 transactions totaling $94 million for office, warehouse, higher-education properties and vacant land.
CVS Opens First Standalone Store in Colorado
This location marks the first standalone location in Colorado, which will be followed by the opening of two others, one in Denver and one in Littleton.
Iconic Waterside District Opens in Virginia
Following a $40 million investment, The Cordish Cos. and the city of Norfolk opened the Waterside District. The property is located along the Elizabeth River in downtown Norfolk.