{"id":1004395541,"date":"2020-02-27T05:59:06","date_gmt":"2020-02-27T13:59:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004395541"},"modified":"2020-03-02T06:36:48","modified_gmt":"2020-03-02T14:36:48","slug":"daily-reads-feb-27-2022","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/daily-reads-feb-27-2022\/","title":{"rendered":"DAILY READS: Feb. 27, 2022"},"content":{"rendered":"<p><strong>Wells Fargo Leading $973M Construction Loan for St. John\u2019s Terminal<\/strong><\/p>\n<p>&#8220;The highly sought-after mandate isn\u2019t surprising; St. John\u2019s Terminal is one of New York City\u2019s most buzzed about redevelopments and the 1.3-million-square-foot project boasts&nbsp;Google&nbsp;as its sole tenant.&nbsp; As one lender source said last month: &#8216;If you can compete on this deal, you\u2019ll compete.&#8217;\u201d&nbsp; <a href=\"https:\/\/commercialobserver.com\/2020\/02\/wells-973m-construction-loan-st-johns-terminal-oxford-properties-cppib\/\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Commercial Observer<\/em><\/p>\n<p><strong>Riverfront Skyscraper Owners Look to Cash Out<\/strong><\/p>\n<p>A joint venture of Riverside Investment &amp; Development and Wanxiang America Real Estate has hired real estate services firm Jones Lang LaSalle to help market the 1.2 million-square-foot tower at 150 N. Riverside Plaza to prospective investors, according to industry newsletter Real Estate Alert. The owners, which have nearly filled the glassy tower with tenants including major investment, consulting and law firms, aim to sell a 49 percent interest in the building, the report said. But they are also open to selling the whole property. <a href=\"https:\/\/www.chicagobusiness.com\/commercial-real-estate\/riverfront-skyscraper-owners-look-cash-out\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Crain&#8217;s Chicago<\/em><\/p>\n<p><strong><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004395775\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-feb-27-2022\/lots-of-firetrucks\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/lots-of-firetrucks.jpg\" data-orig-size=\"797,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"lots-of-firetrucks\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/lots-of-firetrucks.jpg?w=797\" class=\"size-medium wp-image-1004395775 alignright\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/lots-of-firetrucks.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/lots-of-firetrucks.jpg 797w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/lots-of-firetrucks.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/lots-of-firetrucks.jpg?resize=768,597 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Truck Parking Could Be the Next Real Estate to Benefit From E-Commerce Boom<\/strong><\/p>\n<p>&#8220;According to the American Trucking Associations,&nbsp;there are 36 million commercial trucks on the road. And they all need somewhere to park.&nbsp; Demand has only been increasing with e-commerce booming, plus&nbsp;&#8220;hours of service&#8221; rules&nbsp;that force drivers to take breaks, enforced by technology that logs drivers&#8217; routes.&#8221; <a href=\"https:\/\/www.bisnow.com\/south-florida\/news\/economy\/truck-parking-lot-miami-103123\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Bisnow<\/em><\/p>\n<p class=\"headline entry-title\"><strong>New Loans Lined Up for Area Medical Office Buildings<\/strong><\/p>\n<p>&#8220;The owners of two recently built medical office buildings in Sugar Land and the Museum District have refinanced the properties.&nbsp; American Commercial Contractors obtained a $16.1 million loan to refinance Sugar Land Physicians Center, a 56,063-square-foot medical office building at 7616 Branford Place in Sugar Land.&#8221;&nbsp; <a href=\"https:\/\/www.chron.com\/business\/bizfeed\/article\/Money-flows-into-area-medical-office-buildings-15085881.php\" target=\"_blank\" rel=\"nofollow noopener\">Read more<\/a><br \/>\n<em>Houston Chronicle<\/em><\/p>\n<p><strong>Inside the Strategies to Control Construction Costs<\/strong><\/p>\n<p>&#8220;The design-build construction model\u2014a collaborative development strategy\u2014has rapidly grown in popularity as a way to control rising construction costs. Within the design-build model, there are several strategies to reduce costs that can accumulate throughout the construction cycle.&#8221; <a href=\"https:\/\/www.globest.com\/2020\/02\/26\/inside-the-strategies-to-control-construction-costs\/\" target=\"_blank\" rel=\"nofollow noopener\"><em>Read more<\/em><\/a><br \/>\n<em>GlobeSt.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wells Fargo leads $973 million financing. New tower for sale in Chicago. Can this method really save construction costs? Here&#8217;s a batch of other critical content for you to read, listen to or watch.<\/p>\n","protected":false},"author":1269,"featured_media":1004395775,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004395541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DAILY READS: Feb. 27, 2022 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/daily-reads-feb-27-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DAILY READS: Feb. 27, 2022\" \/>\n<meta property=\"og:description\" content=\"Wells Fargo leads $973 million financing. 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