Business Specialties
CommonGrounds Makes 1st Philadelphia Foray
The flexible office startup inked a 62,461-square-foot lease across two floors in a Center City office tower, as part of a nationwide growth spree. Shorenstein Properties owns the building.
Top 5 Sacramento Office Transactions
More than 2 million square feet of space changed hands in the metro year-to-date through June for a combined $447.4 million, according to Yardi Matrix data.
Metro Storage Pays $13M for Nashville-Area Facility
The firm has expanded its portfolio with the acquisition of a storage property located in Franklin, Tenn. The asset includes 523 climate- and 39 non-climate-controlled units.
Metro Storage Expands Florida Holdings
The company acquired a 641-unit self storage facility located roughly 7 miles from Orlando’s downtown.
Hyatt to Open Colorado’s First Thompson-Brand Hotel
Scheduled for completion in 2021, the hotel will be located in Denver’s LoDo neighborhood, near Continuum Partners’ proposed Market Station redevelopment, as well as Union Station.
Vi Leases Space in Willis Tower
The retirement community developer-operator will take the entire 84th floor of EQ Office’s iconic downtown Chicago property.
CleanCapital, CarVal Acquire 75MW Solar Portfolio in NJ
Dubbed Olympic, the 15 facilities were acquired from KDC Solar. Off-takers for these projects include Fortune 100 companies as well as local governments and institutions.
DTE Energy to Expand MI Wind Portfolio by 455MW
The three new projects are scheduled for completion in 2020 and are part of the company’s commitment to reduce carbon emissions by at least 80 percent by 2040.
KBS Unit Sells $1.2B Office Portfolio
The sale of 11 Class A properties still leaves KBS Real Estate Investment Trust III Inc. with 20 assets valued at more than $3 billion.
Principal Global Investors Trades NC Office Park
The two buildings changed hands for nearly $40 million and encompass some 165,000 square feet of Class A space in the metro’s Six Forks Road submarket.