Shorenstein Sells Seattle-Area Office Assets

Shorenstein Sells Seattle-Area Office Assets

Blackstone purchased a controlling interest in Block 5 (pictured above) and Block 6. Image courtesy of CommercialEdge Shorenstein Investment Advisers has closed two transactions at The Spring District, a mixed-use property in Bellevue, Wash., developed in partnership with Wright Runstad…
Fed Waits on Interest Rate Cuts

Fed Waits on Interest Rate Cuts

The Federal Reserve has again declined to adjust the benchmark federal funds rate, the central bank announced on Wednesday. The range of the rate will remain at 4.25 percent to 4.5 percent, where it has been since December, the central…
ILPT Secures .2B for Industrial Portfolio

ILPT Secures $1.2B for Industrial Portfolio

The facility at 9860 W. Buckeye Road in Tolleson, Ariz., is one of ILPT’s properties that benefit from the current refinancing. Image courtesy of CommercialEdge Industrial Logistics Properties Trust has landed $1.2 billion in refinancing for a 101-property industrial portfolio…
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