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Commercial Real Estate Industry News Headlines | Bizjournals.com

Commercial Real Estate news
  • Portland hotelier Gordon Sondland, who last summer withdrew his support for a fund-raiser for then-presidential candidate Donald Trump, donated $1 million to Trump's inauguration committee. Sondland, head of Provenance Hotels, did so through four limited liability companies whose addresses match up to a home he owns, according to The Intercept, which reported the donation earlier today. According to The Intercept, the contributions were first identified by the Center for Responsive Politics. Last…

  • A New York-based real estate firm has paid $47.5 million for a San Jose R&D office building with a long-term semiconductor industry tenant. Brookfield Asset Management Inc. is behind an LLC that purchased the more than 118,000-square-foot property on a 5.9-acre lot earlier this month from Boston-based TA Realty. The sale works out to $401.80 per square foot, or more than $8 million per acre. Join the conversation: Follow @SVbizjournal on Twitter, "Like" us on Facebook and sign up for our free email…

  • Three finalists have been announced for this year's "Deal of the Year" award recognizing the most significant mergers and acquisitions transactions that took place in Arizona in 2016. The award is given out annually by the Arizona Chapter of the Association for Corporate Growth to recognize a company or private equity firm for their accomplishments regarding a merger, acquisition or capital market transaction. The award is for a deal/transaction in Arizona involving established businesses with between…

  • Just beyond the centerfield gate at Nationals Park, more than 200 contractors from nearly three dozen subcontracting firms are hard at work building 1221 Van St. SW for developer The JBG Cos. With that many people doing that many different tasks, it wouldn't take much to put the 291-unit residential project behind schedule. But so far, it's avoided several potential delays — and a new technology called Eyrus is credited with keeping it on track. "Somebody said I'm not sure why we needed it, because…

  • Ralph Lauren Corp. is eliminating 107 workers at its Triad facilities, including an 843,000-square-foot distribution center on the High Point-Kernersville border. A company representative confirmed the layoffs to the Triad Business Journal, but declined to disclose the reasoning behind the job losses at the High Point facilities. The affected facilities include a 1.2 million-square-foot facility at 4100 Beechwood Drive, an 800,000-square-foot facility at 201 N. Pendleton St. and a 343,000-square-foot…