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Blog
How a historic hotel bridges Amarillo’s past with its fast-changing future
As Amarillo, Texas, continues its revitalization ahead of a busy year for tourism, one historic hotel — and little-known feminist landmark — in the Lone Star State’s wild west just secured its historical distinction. The Barfield, Autograph Collection, which sits in Amarillo’s first skyscraper built in 1927 by a pioneering businesswoman, received its designation as […]
Brookfield to invest $5 billion to deploy fuel cells at data centers
Brookfield is partnering with a maker of fuel-cell technologies to provide electric power for new data centers it is developing across the globe. Brookfield Asset Management agreed to invest $5 billion to deploy infrastructure designed and built by Bloom Energy, according to the companies. The two companies said they will identify the first locations of […]
BXP’s New York City project delivers boost of optimism for office developers
Within just a handful of months since breaking ground on its newest office development, national landlord BXP is nearing a deal with a tenant that could anchor about one third of the Manhattan tower’s future space. The Boston-based developer is in the final stages of negotiating a prelease agreement with insurance giant C.V. Starr to […]
Bankers expect commercial property loan growth to return
Cracks are starting to form in the long-frozen market for bank lending for commercial real estate. Executives at M&T Bank, PNC Financial Services Group and other banks said this week they expect to see growth return for commercial real estate loans starting early next year. The shift would come after banks have steadily cut their […]
Phoenix draws another megaproject as Vestar unveils $1 billion Legacy Park
New retail development across the United States is in the midst of a dramatic slowdown, but fast-growing Phoenix continues to see activity with a multibillion-dollar project about to get off the ground. Developer Vestar on Monday unveiled plans for Legacy Park, a roughly 9.4 million-square-foot mixed-use complex slated for a vacant 200-acre site in Mesa, […]
Morgan Properties Pays $354M To Acquire Sunbelt and Midwest-Focused REIT
Morgan Properties’ real estate portfolio is getting bigger. An affiliate of the Conshohocken, Pennsylvania-based firm has acquired Toronto-based Dream Residential REIT, which manages over a dozen multifamily properties throughout the U.S., for roughly $354 million. Under the deal, Morgan is buying all the Class B units for $10.80 a share, representing an 18 percent premium […]
BKM Capital Underwriting ‘Significant’ NOI Growth for Texas Light Industrial Acquisitions
BKM Capital Partners is adding to its light industrial portfolio. The real estate manager has acquired two portfolios in Texas for $90 million — one in Dallas-Fort Worth (DFW) and Houston, as it sees value in the Lone Star State’s business-friendly environment and favorable industrial fundamentals. In total, the deal includes five properties, spanning a […]
Robert Martin and Dune Strike $500M Refi for Westchester 42 Asset Industrial Portfolio
Robert Martin Company and Dune Real Estate Partners have secured $500 million to refinance an industrial portfolio in Westchester County in New York State, a little over 30 miles away from Manhattan. The deal applies to 42 assets and three parks, according to reporting from the Commercial Observer. The following properties in the 2.4 million square […]
