Barbra Murray
Blackstone to Buy Stake in $630M UK Firm
BREP Europe V is acquiring a majority interest in The Office Group, which is expected to reach more than 1.1 million square feet of flexible workspace within the next 12 months.
Hilton Garden Inn Grows With 4 More Hotels
The new lodging destinations, with opening dates in May and June, will add more than 600 guestrooms to the brand’s portfolio in Florida, Michigan, Pennsylvania and New York.
Mega-Reuse Project Moves Forward in LA
HFF worked on behalf of Atlas Capital and Square Mile to orchestrate a partial sale and refinancing for Row DTLA, a 1.8 million-square-foot redevelopment of a former industrial site in the Arts District.
EastGroup Plans 850 KSF Industrial Park in Florida
Later this year, the REIT will begin construction on Gateway Commerce Park, an 850,000-square-foot campus on a 61-acre site in the tight metro Miami market.
Aldi Plans $3.4B Growth Spurt
The German discount grocery chain intends to open 900 additional locations in the U.S., increasing its footprint to 2,500 stores by 2022.
Don’t Count the Regional Mall Out: Transwestern
A new report aims to debunk the supposed demise of the regional mall, and sheds light on strategies for both reinventing retail assets and boosting traditional brick-and-mortar.
Digital Realty, DuPont Fabros to Merge
The all-stock transaction valued at $7.6 billion paves the way for the creation of the second-largest data center REIT and the eighth-largest publicly traded REIT in the country.
Philly-Area Office Trades, Lands $45M Financing
HFF’s investment sales team reeled in a buyer for Valley Creek Corporate Center, then the firm’s debt placement team secured acquisition funds for the Pembroke-Ten Capital joint venture through Barclays Capital.
Hyatt Advances Global Growth Spurt
The chain plans to open in excess of 50 hotels under the Hyatt Place and Hyatt House brands this year, substantially bolstering a worldwide portfolio that consists of about 350 properties and 200 cities.
York Breaks Ground on $100M Bronx Studio
Michaelangelo Campus will sprout up on a long-vacant, 10-acre site in the Soundview area of the borough, strengthening its image as a destination for film and media.