Commercial Real Estate
JLL Income Property Trust Acquires Alabama Shopping Center for $94 Million
The property is a 345,000-square-foot open-air retail center and is leased to a mix of prominent national chains and popular local businesses. Continue Reading JLL Income Property Trust Acquires Alabama Shopping Center for $94 Million
2 Connecticut Office Buildings to be Converted into Multifamily Housing
Last January, the other four buildings within the Merritt 7 office park were sold for $58.5 million. Continue Reading 2 Connecticut Office Buildings to be Converted into Multifamily Housing
The World’s First Motel (or What’s Left of It) is Listed for Sale
Most of the original buildings at the site were demolished in 2006. Continue Reading The World’s First Motel (or What’s Left of It) is Listed for Sale
CMBS Delinquency Rate Soars by 51 Basis Points to 7.86%
Four of the five property sectors tracked by Trepp recorded CMBS delinquency rate increases in July. Continue Reading CMBS Delinquency Rate Soars by 51 Basis Points to 7.86%
Report: Banks in Talks to Lend $15 Billion for Google-Backed Anthropic Data Center in Texas
Morgan Stanley is leading a consortium of banks that would provide funding for this project. Continue Reading Report: Banks in Talks to Lend $15 Billion for Google-Backed Anthropic Data Center in Texas
Churchill Downs Considering the Sale of 9 Gaming Properties
The company’s flagship racing properties – including Churchill Downs Racetrack, the home of the Kentucky Derby – are not being considered for sale. Continue Reading Churchill Downs Considering the Sale of 9 Gaming Properties
Work Halted on Another NYC Office-to-Residential Conversion Project
SL Green has scheduled its project to be completed in 2029. Continue Reading Work Halted on Another NYC Office-to-Residential Conversion Project
Seattle Suburb to Spend More Money to Buy Property for New Stadium
he city is pursuing eminent domain lawsuits to seize two parcels needed for the stadium site. Continue Reading Seattle Suburb to Spend More Money to Buy Property for New Stadium
$100 Billion Data Center Campus Announced for Kentucky
“This new campus helps secure our nation’s position as a global leader in innovation,” said US Energy Secretary Chris Wright. Continue Reading $100 Billion Data Center Campus Announced for Kentucky
Ken Griffin Acquires Historic Cottage That Blocked the Development of His New HQ Campus
The cottage was added to the National Register of Historic Sites in 1975 and has been occupied by the Dade Heritage Trust since 1978. Continue Reading Ken Griffin Acquires Historic Cottage That Blocked the Development of His New HQ Campus
Willie Nelson: Data Centers are ‘Invading Our Land’
“The last thing we need is a loud, water thieving, light polluting, data center anywhere near our town (or any others for that matter),” Nelson stated. Continue Reading Willie Nelson: Data Centers are ‘Invading Our Land’
Paul Chung Joins SJP Properties as Head of Acquisitions
Chung was previously head of acquisitions at Quinlan Development Group. Continue Reading Paul Chung Joins SJP Properties as Head of Acquisitions
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