While occupancy took a hit, the metro's economy is slowly but steadily healing.
For the third consecutive month, a key index from the American Institute of Architects shows reduced billings and construction activity.
Truss is an online marketplace tool for offices and coworking spaces.
Puerto Rico is estimated to receive nearly $13 billion destined to help rebuild its electrical grid system and drive the recovery of the local education system.
The close of the company’s latest distressed assets fund follows on the heels of new credit facilities totaling $100 million.
Acquired through a recapitalization with the existing ownership, the national portfolio includes 30 buildings totaling 5.4 million square feet across five key markets.
The development team could break ground on the 2 million-square-foot project as early as 2023.
In April, the developer received a $68.5 million construction loan from Wells Fargo for the project.
An Amazon subsidiary purchased a Pentagon City, Va., hotel from Blackstone Group for $148.5 million, clearing the way for the e-commerce giant’s second U.S. headquarters.
The financial entity aims to reach net-zero financed emissions by 2050, joining many of its clients in this strategic goal.
The Trepp CMBS delinquency rate continued its downward trend in August after posting the largest decline in four years in July.
The Trepp Special Servicing rate saw an increase of 55 basis points in the month of August, coming in at 10.0 percent.
The power will be generated at three solar facilities, which are yet to be built under Duke Energy’s Green Source Advantage program.
While the market did not remain unscathed, the metro's rental segment fared relatively well since the pandemic hit.
Massachusetts Mutual Life Insurance Co. provided acquisition financing for the 715,000-square-foot property.
Blackstone Real Estate Debt Strategies IV, which will lend flexible capital around the world, launched in 2019, three years after the predecessor fund closed with $4.8 billion in commitments.
National Western Life Insurance Co. provided a $12 million loan for the acquisition of 1,200 units in Murfreesboro, Tenn.
The building previously traded for $3.5 million in 2005 as part of a 1031 exchange.
The nine-story, 290,000-square-foot property in the Boston suburb, part of a three-phase project, is expected to reach completion next summer.
Benefit Street Partners Realty Trust provided the buyer with a $29.9 million loan which also encumbers a recently acquired Long Island facility.