News
$54 M Loan On Playa Vista Offices Moves To Special Servicing
8+ hour, 57+ min ago (232+ words) A $54 M loan backed by two Playa Vista office properties has'gone to special servicing after the borrowers,'brothers Simon and Daniel Mani, missed payments. The debt was set to mature in'October 2029, but the borrowers had missed three months of payments,…...
Cap Rock Partners Breaks Ground On First Ground-Up Texas Project: The DFW Deal Sheet
1+ day, 11+ hour ago (772+ words) A major industrial investor and developer began construction of a large warehouse complex east of Dallas. Cap Rock Partners'broke ground'on the 483 K SF Clay Road Business Park at 101 Clay Road in Sunnyvale. The three-building warehouse development marks Cap Rock's first…...
Data Bank Secures $2 B Construction Loan For Red Oak Data Centers
10+ hour, 16+ min ago (436+ words) A Dallas-based company locked down $2 B in construction financing for a trio of data centers it is building just south of the metro. Data Bank secured a massive loan to construct the first three facilities at its 300-acre data center…...
Biotech's Outlook Brightens, But Lab Landlords Face Deepening Vacancies, Falling Rents
8+ hour, 17+ min ago (847+ words) The life sciences industry seems poised for a turnaround, posting better funding results and stock prices to start the year. But those improvements have yet to trickle into life sciences real estate, with vacancy increasing again in the first quarter…...
Unlike Anything Seen Before: How Data Center Owners Are Redefining Energy Efficiency At Scale
13+ hour, 9+ min ago (860+ words) Data center owners today are operating in an environment where uptime is nonnegotiable, technology cycles are accelerating and energy availability is increasingly constrained." According to the International Energy Agency, the world's electricity demand deriving from data centers is expected to…...
Controversial Landlord Buys Brighton Apartment Portfolio For $36 M
10+ hour, 37+ min ago (277+ words) An Allston landlord that has been accused of neglecting properties across its portfolio has acquired a handful of'Brighton'apartment buildings.' An entity linked to Alpha Management, which has an office on Commonwealth Avenue, acquired several apartment buildings on Brighton Avenue, Chester…...
Robotics Companies Have Exploded As Bay Area Office Users
12+ hour, 54+ min ago (675+ words) The growing prevalence of artificial intelligence, and its ability to drive office leasing in the Bay Area, has caused related sectors to grow their spaces as well, according to new research from JLL. Over the past six years, companies in…...
An 'Inflection Point': How Armstrong Is Helping Manufacturers Meet Evolving Data Center Demands
1+ mon, 1+ week ago (790+ words) Global data center development is expected to nearly double from 103 gigawatts to 200 gigawatts in 2030. This expansion, driven by artificial intelligence, necessitates a'move toward modular server racks that can support shifting infrastructure and cooling needs. The white space in data centers,…...
Spear Street Buys Meatpacking Office For $51 M: The N. Y. Deal Sheet
10+ hour, 19+ min ago (623+ words) Spear Street Capital acquired a Meatpacking District office building at 74-76 Eighth Ave. for $50. 5 M. G4 Capital Partners sold the 11-story building, which was delivered in 2023 by developer Sang Lee, Noviprop and Plus Development, New York YIMBY previously reported. Lee acquired thesite for…...
Appeals Court Partially Sides With LA Landlords In Challenge To Tenant Protection Laws
1+ day, 10+ hour ago (230+ words) An appellate court decision has handed the Apartment Association of Greater Los Angeles a victory on one count but a loss on another, The Real Deal reported. AAGLA had sued the city of Los Angeles over a regulation that called…...