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Joint Venture Locks Down $600 Million Construction Loan for Virginia Data Center
Blue Owl Real Estate, in partnership with Chirisa and PowerHouse Data Centers, has secured a $600 million construction loan to develop a 50-megawatt data center in Chester, Va. The project, located within the Chirisa Technology Park, is strategically positioned approximately 20 miles south of Richmond.
Morgan Stanley Offloads Midtown Office Tower for $360 Million
Morgan Stanley has offloaded its 28-story office building at 2 Park Ave. to Haddad Brands for approximately $360 million. This deal marks one of the largest office investment sales in New York City this year.
Howard’s Appliances Expands with New Headquarters & Distribution Center
Howard’s Appliances has secured a significant lease for its new corporate headquarters, main distribution center, showroom and outlet. The company has leased a 127,540-square-foot industrial facility at 111 N. Baldwin Park Blvd. in the City of Industry, Calif.
South’s Best Metros for Tech 2024: Washington, D.C. & Austin Set Pace, Dallas Gains Ground
Atlantic Coast Innovation: Here Are the U.S. Northeast’s Best Metros for Tech in 2024
The Northeast’s best metros for tech include innovative university towns as well as high-density cities with venture capital to boot. Check out the full top 20 list and see how the U.S. Northeast’s innovation hubs fared this year.
Broe Group Buys Former Kellogg’s Manufacturing Facility
With this acquisition, The Broe Group joins industry giants including UPS, Amazon, Lowe’s, Google, and Walmart in Atlanta’s premier I-20 submarket.
Global Law Firm Nabs Full-Floor Lease in Austin’s Newest Office Tower
Pillsbury Winthrop Shaw Pittman expands its presence in Austin with a new full-floor lease at The Republic, the newest (and the tallest upon completion) office tower in the downtown Austin skyline.
What Are the Top U.S. Cities for Office Conversion?
How much office space is a feasible candidate for conversion to residential use? We look at data on the 30 largest office markets in the U.S. to rank the locations by best-rated conversion potential.
IRG Buys Unique Waterfront Property in Houston
The manufacturing facility is strategically located along the Houston ship channel and features several high-value amenities, in addition to 800 feet of frontage on the channel and the ability to add a deepwater dock for bulk vessels.
Apple Expands Footprint at 11 Penn Plaza
Apple has significantly expanded its presence at 11 Penn Plaza, a Midtown Manhattan office building owned by Vornado Realty Trust. The tech giant has secured an additional 61,000 square feet, bringing its total occupancy to 460,000 square feet.
