With 'Edgy' New Project, Cawley Partners Sees A Window Of Opportunity In Plano
Cawley Partners is building a 200K SF spec office development, HQ53, in Plano on the northern edge of Legacy West. Cawley Partners CEO Bill Cawley said he thinks this new development hits a chord no one else is playing in the market.
“This is kind of our company's idea of what we think the market really wants and nobody's providing,” Cawley said.
HQ53 will be reminiscent of some of the projects in the West End: tech-driven, edgy and millennial-focused, but at Plano…
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Bank Of Texas Relocates Corporate HQ To 777 Main
Bank of Texas just inked a new 21K SF lease at 777 Main for the relocation of its corporate headquarters.
"We are eager about our upcoming move and look forward to having additional space for future growth of our team,”…
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Ashford Hospitality Trust Wins $972M Refi For U.S. Hotel Portfolio
Ashford Hospitality Trust recently completed the latest in a series of refinancings of hotels that it owns. In this case, the portfolio totals 22 properties, and the refi totaled about $972M, replacing a loan with a maturity in 2021.
The new mortgage has a two-year initial term and five one-year extension options. According to Ashford, the deal will save the company about $11M annually in interest payments compared to the old financing.
The properties securing the mortgage are in…
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U.S. Food Hall Market Expected To Triple By 2020
Food halls have become the hottest trend in retail, and a new report projects the market will nearly triple in size by 2020.
When Cushman & Wakefield first began tracking food halls, open eatery concepts developers across the country are putting into mixed-use projects, in 2015, it found 70 projects across the U.S.
That number had grown to 118 by the end of 2017. Based on under-construction and planned projects, the firm's 2018 report projects there will be 180 food halls by year-end and 300 by the end of 2020.
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Hotels And Retailers Hit Hard By California Housing Crisis' Ripple Effect
SAN FRANCISCO — San Francisco's hotels are facing a serious problem. The city's idyllic image of the Golden Gate bridge and grandiose views of the bay are being replaced by concerns about needles and feces littering the streets, homeless citizens sleeping on sidewalks or in Bay Area Rapid Transit stations and aggression toward visitors by people with untreated mental illness. Visitors are noticing and rethinking booking events and vacations at hotels around the city.
San Francisco is not the only major West Coast city dealing with issues of homelessness and street conditions impacting tourism and hospitality.
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As Chinese Investors Pull Back From U.S. CRE, Japan Is Waiting In The Wings
The impact of heightened capital controls on Chinese outbound investment is being keenly felt across the United States commercial real estate landscape. Fear not, say many industry players: There are overseas capital sources not far from China primed to fill the void.
Experts point to places like Canada, Singapore, South Korea and the Middle East as strong candidates to pick up the slack left behind by the Chinese buyers. But many are looking at Japan as investors there begin to ramp up offshore investments.
“[Japan] is a spectacular capital source,” Savills Studley Vice Chairman and co-head of the Capital Markets Group Woody Heller said. "They have reactivated their interest in the [United] States."
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In the last 10 years, Bisnow has grown from a single e-newsletter sent to one person's personal email address book to the largest CRE media outlet in North America, Canada and the U.K. To build its subscriber base, Bisnow adopted…
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