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Monthly Archives: September 2016

Regency Beauty Institute Permanently Closing All 79 Schools

Regency Beauty Institute, which operates 79 beauty schools from Arizona to South Carolina and from Texas to Michigan, abruptly notified students that it was shutting down operations effective immediately.

The closure incolves all 79 campuses affecting about 450,000 square feet of leased space, according to CoStar data.

“This is incredibly difficult news for everyone affected: especially our students, teachers, and staff. We recognize that some…

EB-5 Visa Program Extended Through Dec. 9

As expected, Congress on Sept. 28 wrapped up pre-election legislative business by passing a 10-week stopgap spending bill to keep the federal government running past Sept. 30, including an extension of the EB-5 visa program allowing the program to cont…

Office Developers Size Up Suburban Markets for Spec Development

With construction cranes crowding the downtown skylines in the San Francisco Bay Area, New York City, Seattle and other large CBDs, office developers and investors may do well to branch out into markets and submarkets where competition with other projects isn’t so keen and the barriers to entry aren’t as daunting.

“There are many markets out there that are late-recovery plays offering significant rent upside and limited risk from new construction…

JLL Pushes Into US Valuation, Appraisal Market With Acquisition of Houston Office of IRR

Jones Lang LaSalle announced it reached an agreement to acquire the Houston affiliate of Integra Realty Resources (IRR), a network of independent U.S. commercial real estate valuation, counseling and advisory firms.

The acquisition, which includes 40 valuation and advisory experts, is the launch of JLL’s global Valuation & Advisory Services in the critical U.S. market and will serve as the base for a national valuation business. The acquisition…

SL Green Secures $1.5 Billion Construction Loan, Paving Way for One Vanderbilt Super Skyscraper

  • September 28, 2016
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SL Green Realty Trust (NYSE: SLG), New York City’s most prolific commercial property owner, has secured $1.5 billion in construction financing for its proposed One Vanderbilt office tower.

With financing in place, construction can move forward on the 1,401-foot-tall super skyscraper.

The financing facility is led by Wells Fargo Bank NA as administrative agent, Landesbank Baden-Württemberg as documentation agent, and The Bank of New York Mellon…

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