Business Specialties
RevPar Growth Slowest Since 2010
The U.S. hospitality sector seems to be sputtering at mid-year, with supply outpacing demand in multiple markets and most success stories coming from smaller, non-coastal metros, CBRE reports.
JLL to Double Raleigh-Durham Office Space
The company’s Carolinas division will relocate into a larger space early next year after inking a lease at an upcoming mixed-use development in the Triangle.
CommonGrounds Opens Burbank Coworking Building
The company’s second location in metro Los Angeles includes private offices, team rooms, video-enabled conference rooms and an outdoor patio.
Longfellow Stretches Footprint With $205M Bay Area Buy
The investor’s latest deal increases its holdings to 4.7 million square feet nationwide. KBS, the seller, continues its streak of high-octane dispositions.
Using Tenant Experience to Court Investors: Part I
Capital flows to commercial real estate will be impacted by the industry’s ability to respond to demographic shifts and its willingness to adopt new technologies, say Deloitte’s Steven Bandolik and Jim Berry.
Orlando-Area Shopping Center Sells for $12M
Corporate Property Group Inc. sold the three-building asset completed in 2018. SRS Real Estate Partners negotiated the deal on behalf of the seller.
Chesapeake Agrees to Sell NYC Hotels for $138M
The two Hyatt-branded Manhattan properties are slated to change hands in September, prior to the trust’s prospective $2.7 billion merger with Park Hotels & Resorts Inc.
Washington REIT Sells $485M Retail Portfolio
First Washington Realty acquired the 800,000-square-foot group of five grocery-anchored shopping centers in high-income neighborhoods of the Washington, D.C., area.
KBS Sells Raleigh Office High-Rise
The Class A asset last traded in 2013, when a joint venture that also included Kane Realty Corp. shelled out $98.4 million.
Spectrum Breaks Ground on 577 KSF Charlotte Project
In partnership with Invesco Real Estate, the company began construction on a 5-acre, mixed-use development that includes offices, retail and a hotel.