Business Specialties
CREC Sells Orlando-Area Boutique Office
Heathrow International traded for $10 million, more than double the purchase price of $4.2 million the company paid for the asset five years ago.
Thor Equities Breaks Ground on Chicago Mixed-Use Project
905 West Fulton Market will comprise 108,650 square feet of retail and office space. The finished product is scheduled for completion by 2019.
EverWest, CenterSquare Sell Phoenix Office Campus
With the sale of The Madison, a 177,312-square-foot Class A property, EverWest’s transaction and renovation push in the metro over the past 24 months reached $165 million.
Sale of Hyatt Centric Santa Barbara Closes
Chesapeake Lodging Trust sold the 200-key property to an undisclosed buyer after a five-year hold, during which the countywide hospitality market has thrived.
Turner Kicks Off Construction of Ziraat Bank HQ in Istanbul
The general contractor expects to complete the 4.6 million-square-foot campus, located in the heart of the Istanbul International Financial Center business district, in 2021.
KKR Acquires Office Development in Oakland, CA
TMG reportedly sold the 320,000-square-foot downtown building at 1330 Broadway for more than $173 million, and will continue to provide onsite property and asset management on behalf of the new owner.
JLL to Lease Ashford Portfolio in Houston
The Mission Cos. selected the team of Scott Fikes and Jack Russo to handle leasing efforts for the properties located in the city’s Energy Corridor.
Single-Tenant Retail Asset Changes Hands in NM
The 43,484-square-foot property is on the border of New Mexico and Texas. The only tenant of the building is a grocery store.
The Koll Co. Buys 65 KSF CA Office Asset
The firm has added to its portfolio an office building located between Riverside and Orange counties. CBRE worked on behalf of the seller, UBS Realty Investors.
Mortenson to Build 2 Wind Farms for Iowa’s Wind XI Project
The two wind projects, located in Adair and Grundy counties, are expected to add 341 megawatts of renewable energy to the state’s electrical grid.