Regions
Typically a Turtle, Industrial Could Be Real Estate’s New Hare
Often deemed a relatively unexciting sector marked by incremental growth, the asset category is arguably the hottest in real estate, thanks to changing consumer and lifestyle trends.
50 Broadway Lands $62M in Financing
Cushman & Wakefield arranged the financing on behalf of the UFT, who purchased the building in 2002 for $54 million and is currently leasing 90,000 square feet.
ABN AMRO Holdings Expands NYC Lease
The transaction includes the extension of the existing 43,148-square-foot lease, with an additional 10,889 square feet of space added for a 10-plus year term.
Austin Okland Aviation Lands $740M Salt Lake City Airport Project
The upcoming North Concourse development will bring 30 new gates and will be linked to the South Concourse via a new passenger tunnel.
Irvine Co. Inks 50 KSF Leases in Irvine Spectrum
The six new deals at 200 Spectrum Center Drive bring the building up to 93 percent leased, just one year after opening. Tenants include innovators in tech, co-working, gaming, law, finance and automotive.
Skanska Tapped for UVA Hospital Renovation
Construction for the multi-phased expansion and renovation began in June 2015, and is scheduled for completion in December 2020.
Economy Watch: Small Business Optimism Still Strong
Since last November, small business owners have been feeling confident about their prospects, which could lead them to take on more office and industrial space as they expand, according to the National Federation of Independent Business’ latest economic trends report.
Irvine Co. Acquires 216KSF Campus
The property is currently 95 percent leased to technology, medical device, research and development, real estate and engineering companies.
Parkwood Buys Stake in Private Equity Firm
The firm bought 10 percent of global private equity firm The Riverside Co. The investment will be used exclusively to grow existing initiatives.
NYC’s Lipstick Building Lands $272M in Financing
HFF arranged the first mortgage from an affiliate of Credit Suisse on behalf of Ceruzzi Holdings LLC and SMI USA.