Commercial Real Estate
Trump Says Tech Companies Pledged to Build Power Plants for Their Data Centers
The administration offered no further details on which companies agreed to this request. Continue Reading Trump Says Tech Companies Pledged to Build Power Plants for Their Data Centers
Report: San Francisco’s Iconic Transamerica Pyramid to Be Sold
The deal has yet to be finalized and sale price was not disclosed. Continue Reading Report: San Francisco’s Iconic Transamerica Pyramid to Be Sold
Involta Acquires Green Bay Property for Colocation Expansion
This acquisition marks Involta’s 13th data center location. Continue Reading Involta Acquires Green Bay Property for Colocation Expansion
Tempus Realty Partners Sells Final Property in $21.6 Million Portfolio
The 20,036-square-foot building in North Davidson, North Carolina, was acquired by Tempus in 2019 for $2.4 million and repurposed for office use. Continue Reading Tempus Realty Partners Sells Final Property in $21.6 Million Portfolio
Connecticut Shopping Plaza Sells for $19.2 Million
The property was developed in 1962 and is 92% occupied with 46 tenants. Continue Reading Connecticut Shopping Plaza Sells for $19.2 Million
After 26 Years of Renting, Prada Buys Its Flagship NYC Store Property
Prada will take ownership of the five-story store and its accompanying seven-story office building. Continue Reading After 26 Years of Renting, Prada Buys Its Flagship NYC Store Property
Bankrupt Austrian Company May Be Forced to Sell Stake in NYC’s Chrysler Building
Signa teamed with New York City-based RFR Holding to purchase the Chrysler Building in 2019 for roughly $150 million. Continue Reading Bankrupt Austrian Company May Be Forced to Sell Stake in NYC’s Chrysler Building
Sameer Nair Joins Peachtree Group as SVP of Equity Asset Management
He was most recently senior vice president of acquisitions and development for Hospitality Ventures Management Group. Continue Reading Sameer Nair Joins Peachtree Group as SVP of Equity Asset Management
Real Estate Investor Pleads Guilty to $165 Million Mortgage Fraud Conspiracy
Boruch “Barry” Drillman pleaded guilty to one count of conspiracy to commit wire fraud affecting a financial institution. Continue Reading Real Estate Investor Pleads Guilty to $165 Million Mortgage Fraud Conspiracy
Hits and Misses for the Real Estate Week of Dec. 11-15
This week’s Hits and Misses include the Fed’s mixed messaging, Dolly Parton’s embrace of commercial real estate and startling new data on homelessness. Continue Reading Hits and Misses for the Real Estate Week of Dec. 11-15
Change of Leadership at Brixmor Property Group
Angela M. Aman is leaving Brixmor to accept the position of CEO at Kilroy Realty Corp. Continue Reading Change of Leadership at Brixmor Property Group
Q3 Commercial/Multifamily Mortgage Debt Up by $37.1 Billion
Commercial banks continue to hold the largest share (38%) of commercial/multifamily mortgages at $1.8 trillion. Continue Reading Q3 Commercial/Multifamily Mortgage Debt Up by $37.1 Billion
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