Business Specialties
Why Venture Capital Likes CRE Tech Startups
In a podcast interview, Altus Group CEO Bob Courteau discusses the forces accelerating investment in these companies, including increased global competition.
New Calkain Division Targets Institutional, Private-Market Clients
Founder, President & CEO Jonathan Hipp, describes how existing relationships and shifting market dynamics led him to start the brokerage’s capital markets group—NetCMG—in June, along with his plans for growing the new business line.
Andover Properties Sells Storage King Portfolio
Marcus & Millichap’s Tampa-based self-storage group facilitated the three-property investment deal. The new owner added 2,146 units to its holdings.
Unico Properties Enters Nashville Market
The firm purchased One Nashville Place, a 24-story tower in the city’s central business district. Cushman & Wakefield brokered the transaction and will also be managing the property alongside Unico’s team.
Duke Realty Breaks Ground on New Indianapolis HQ
PK Partners LLC is the industrial REIT’s joint venture partner on the 78,000-square-foot office and retail project, which is scheduled for completion in late 2019.
GEICO Plans New Digs in Tucson
The private passenger auto insurance company broke ground on a new office building in Arizona, which is slated to open late next year.
Choice Hotels Launches New Midscale Brand
Focused on conversions, the new Clarion Pointe extension is intended to meet the need for premium yet affordable select-service hotels.
Aztec Arranges Refi for 2 Miami-Area Properties
City National Bank provided loans totaling $13.5 million for a shopping center and a Bank of America building north of downtown Miami.
Mele Group Arranges Sale of Self-Storage Development
The brokerage team found a buyer that expects to complete the 980-unit facility in Pembroke Park, Fla., by summer 2019.
Manhattan Holiday Inn Lands $137M Loan
Mission Capital Advisors worked on behalf of Golden Seahorse to arrange the refinancing of the 492-key property, which also marks the brand’s tallest hotel in the world.