Business Specialties
J.P. Morgan, JBG Smith Sell DC Office Tower for $385M
Ponte Gadea, the investment arm of billionaire Amancio Ortega, purchased the 401,000-square-foot building at 1501 K St. NW.
Nashville Hotel Trades for $125M
The seller, Rockbridge, acquired the 214-key Hilton Garden Inn in the city center for slightly more than $80 million in 2016.
Hilton Opens New DoubleTree in Spain
Opened in partnership with owner Empresas Phoenix, the 133-key property near Murcia is the flag’s fifth hotel in the country.
$1B Mixed-Use Project Set to Rise Near Dallas
Centurion American Development Group has acquired a suburban shopping mall in Plano, Texas, with plans to redevelop the property through a multi-phase project.
Genet Property Group Buys FL Industrial Portfolio
The purchase included Fairfax Industrial Park in Riviera Beach and 7150 Devons Road in West Palm Beach. Cushman & Wakefield represented the seller in the transaction.
HFF Secures NoVa Office Building Refi
The owner of 7600 Leesburg Pike in Tysons, Va., received a $32 million floating-rate mortgage to both refinance its 2014 acquisition loan and renovate the Class B asset.
Pickard Chilton-Designed Project Breaks Ground in Tokyo
The 3.3 million-square-foot mixed-use Y2 is scheduled to reach completion in 2022. The property is expected to include premier office space, a 98-key hotel and an elementary school.
HRT Expands World Trade Center Footprint
The fintech company has signed a 136,000-square-foot lease at 3 World Trade Center with Silverstein Properties, less than three years after taking the 57th and 58th floors of 4 World Trade Center.
PwC Issues Positive Capital Markets Forecast
The company’s latest financial markets report shows that economic conditions will support further growth, but at a decelerating pace. Trade policies and rising interest rates will be the main disruptors going forward.
Chicago-Area Palos Medical Campus’ $80M Modernization Completed
Harley Ellis Devereaux and Walsh Construction were at the helm of the design-build renovation, which was executed over the course of five years.