Commercial

John Bonczek As the demand for data storage and processing soars, data center companies are increasingly turning to adaptive reuse strategies to meet growing capacity needs. Instead of solely focusing on new construction, companies are repurposing existing structures, particularly in…

280 Park Ave., which had a $1.075 billion loan maturity extended by two years. Image courtesy of CommercialEdge SL Green Realty Corp. and Vornado Realty Trust have secured a two-year extension for the $1.1 billion securitized mortgage on 280 Park…

Richard Spore and Justin Starling As municipalities have explored additional sources of funding for promising commercial real estate development or redevelopment projects that may not be economically viable without public support, some major cities, such as Atlanta and Richmond, have…

The office tower AT 1155 Avenue of the Americas rises 41 stories in Manhattan’s Plaza District. Image courtesy of CommercialEdge The Durst Organization has signed a 66,444-square-foot, 15-year lease at 1155 Avenue of the Americas, a 790,000-square-foot office tower in…

The 35-story high-rise at 1812 N. Moore St. is LEED Platinum-certified. Image courtesy of Monday Properties Monday Properties has obtained a $205.5 million refinancing package for two office assets in Arlington, Va., a Washington, D.C., submarket. Citi Real Estate Funding…

The Gramercy Park Building rises 20 stories in Manhattan’s Flatiron District. Image courtesy of CommercialEdge The Feil Organization has signed a 10-year renewal for 12,617 square feet at The Gramercy Park Building, a 226,000-square-foot office property in Manhattan’s Flatiron District.…

In March, Cypress West and TPG Angelo Gordon purchased an 85,000-square-foot medical office building at 9377 E. Bell Road in Scottsdale, Ariz. Image courtesy of courtesy of CBRE Investment Banking. Cypress West Partners and TPG Angelo Gordon are expanding their…

7-Eleven operates, franchises and licenses more than 13,000 locations. Image courtesy of 7-Eleven 7-Eleven has closed on the acquisition of 204 stores from Sunoco LP, comprising Stripes convenience stores and Laredo Taco Co. restaurants. The deal is valued at approximately…

Rendering of the Bioforge Marshall plant, which is currently under construction. Image courtesy of Solugen Climate technology company Solugen has commenced construction on its 500,000-square-foot Bioforge Marshall project, a biomanufacturing facility in Marshall, Minn. The company is developing the bio-based…

The Equinix SV12x International Business Exchange™ in San Jose, Calif. Image courtesy of Equinix Inc. PGIM Real Estate and Equinix Inc. have entered a $600 million joint venture for the development and operation of SV12x, a San Jose, Calif., data…