Spending for the construction of data centers totaled $411 billion last year, up 317% from 2024 and 344% from 2020, according to the US Census Bureau However, that number understates the true scope of spending on such properties by a large...
Bisnow Dean Adler, who co-founded investment manager Lubert-Adler, has agreed to buy the former Franklin Mills Mall in Philadelphia, with plans to redevelop it into mixed uses Adler would invest $100 million into remaking the 37-year-old shopping...
JLL Capital Markets has arranged $5575 million of financing to facilitate Hines’ purchase of Tempo at Riverpark, a 235-unit apartment property in Oxnard, Calif An unnamed bank provided the five-year loan for Hines, which bought the property...
Commercial Observer Apple Bank has provided $42 million of financing against the 510,000-square-foot Nelson Tower office building at 450 Seventh Ave in Midtown Manhattan The loan, arranged by JLL Capital Markets, allowed the property’s owner,...
Multi-Housing News Thompson Thrift is planning to develop Argent Flats, a 273-unit apartment complex in Reno, Nev The Indianapolis developer will build the property at 6000 Plumas St, about four miles south of Reno’s downtown Argent Flats will...
Commercial Observer A venture of Sovereign Partners and HudsonPoint Capital has agreed to pay about $385 million, or $70772/sf, for the 544,000-square-foot office building at 575 Fifth Ave in Midtown Manhattan It is buying the 40-story building from...
Commercial Real Estate Direct Staff Report The CMBS mortgage against the Dayton Mall in Dayton, Ohio, has had its term extended by just more than eight years through November 2030 The loan, securitized through WFRBS Commercial Mortgage Trust,...
Orlando Business Journal Terian Group has lined up $925 million of financing for the construction of the Emi on 50 apartment project in Orlando, Fla PCCP provided the financing, which was arranged by JLL Terian, of Maitland, Fla, is building the...
Commercial Observer An investor group led by John Choi has paid $3355 million, or $203,636/unit, for four apartment buildings with a total of 165 units near Central Park in Manhattan The group, operating as Bando Geny 4 LLC of Los Angeles, bought...
OakNorth Bank has provided $255 million of financing to fund the development of an 87-unit apartment property at 2916 Atlantic Ave in the East New York area of Brooklyn, NY The proposed 11-story building, with nearly 5,000 square feet of commercial...
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