Commercial Real Estate Direct Staff Report JPMorgan Chase Bank has provided $7.1 billion of financing for the construction of the second phase of Lancium Clean Campus, a 1.2-gigawatt data center in Abilene, Texas. Newmark arranged the loan on behalf of [...]
Commercial Real Estate Direct Staff Report BXP Inc. is expecting it will be able to charge rents of $200/sf to $300/sf at the 950,000-square-foot office building it’s constructing at 343 Madison Ave. in midtown Manhattan. The Boston REIT owns the [...]
Multi-Housing News Wood Partners has broken ground on Alta Flatirons, a 251-unit apartment property in Superior, Colo. The Atlanta company is building the property at Main Street and McCaslin Boulevard, about 22 miles north of Denver and within a 156-acre [...]
Houston Business Journal Pagewood has bought the Crossroads at Brittmoore, a 292,200-square-foot industrial complex in Houston. The local real estate development company teamed up with Long Wharf Capital, a Boston private equity firm, to purchase the property from Abco Industrial [...]
South Florida Business Journal An affiliate of Invesco Real Estate has bought the Marketplace at the Outlets, a 303,776-square-foot retail property in West Palm Beach, Fla., for $133.25 million, or $438.65/sf. The Dallas company purchased the shopping center from an [...]
Commercial Real Estate Direct Staff Report Cousins Properties is actively looking to acquire the same types of “lifestyle” office properties it owns across the Sunbelt region as demand for space in the best properties in certain markets is outstripping new [...]
Charlotte Business Journal Rise48 Equity has paid $31 million, or $155,000/unit, for Arrowood Crossing, a 200-unit apartment property in Charlotte, N.C. The Scottsdale, Ariz., investor acquired it from KE Andrews of Dallas. The property, at 2109 Arrowcreek Drive, serves as collateral [...]
REBusiness Online Panattoni Development Co. has broken ground on the 467,000-square-foot first phase of the Crossroads Commerce Center in Gardner, Kan. The Irvine, Calif., company is building the industrial property at the intersection of 175th Street and Clare Road, about [...]
Commercial Real Estate Direct Staff Report Apartment construction starts remained muted during the first quarter, as work got underway on 83,000 units, according to the U.S. Census Bureau. While that’s up from the 75,000 units that got started during the [...]
Commercial Property Executive City National Bank has provided $70 million of financing against Northpark Plaza, a 125,642-square-foot retail center in Irvine, Calif. The property, which is owned by Irvine Co. of Newport Beach, Calif., had previously been encumbered by a [...]
