News/Events
Republican Midterm Convention Could Fill More Than 5,000 Hotel Rooms In Dallas
Dallas is set to host the inaugural GOP midterm convention, expected to provide a boost to local hotels and the economy.
3,500-Home Margaritaville Active Adult Community Coming To Texas City: The Houston Deal Sheet
Margaritaville's active adult community in Texas City to include 3,500 single-family, villa and cottage homes.
Private REIT Closes $650M Refinancing Of 549-Property Daycare Portfolio
NRT obtained $650M refinancing a 2021 CMBS loan tied to 549 daycare properties totaling more than 4M SF across 37 states.
Buc-ee's Convenience Store Star Fades As Visits Slip
Trips to Buc-ee's dip as it expands outside Texas, rivaled by Wawa and Sheetz's growth.
AI Data Center Investment To Hit $31.6T — But Europe Reaches Limits
AI data center investment to reach $31.6T by 2050 amid soaring demand. Europe lags due to constraints.
Related Secures $65M Refi for Office Property in L.A.’s South Bay
The owners of a 301,000-square-foot Class A office property in Los Angeles’ South Bay have secured refinancing for the property. Owners Related Companies and Cruzan landed the $64.7 million loan from Waterfall Asset Management and Delaware Life for the eight-story property called the Torrance, named after its home city. The asset at 21250 Hawthorne Boulevard…
EXCLUSIVE: Georgia-Pacific Scraps Conversion Plans For Its Atlanta HQ
Georgia-Pacific stops its Atlanta HQ conversion due to rising costs and market challenges, impacting 400 planned apartments.
Ares Buys Two Fully Leased Miami Warehouses for $109M
Ares Management has acquired two fully leased warehouses in Miami-Dade County from BGRE for a combined $108.7 million, property records show. In the larger transaction, the L.A.-based asset manager paid $65.3 million for a 230,147-square-foot, 15-acre distribution center at 3811 West 108th Street, located between Florida Turnpike and Interstate 75 in Hialeah. National retailer Target…
Gaia Lands Another Extension for Williamsburg Apartments’ $48M Loan
It’s déjà vu for Gaia Real Estate. The developer landed for the second straight year a one-year extension for its $48 million loan on loan with Raymond James Bank backing a multifamily property at 55 Hope Street in Williamsburg, Brooklyn, Commercial Observer can first report. The extension pushed the loan maturity to August 2027, which…
