Business Specialties
On the Market: 5 Interesting Listings for July
This month’s listings include a distribution center in Columbus, Ohio; a vintage church in downtown Minneapolis; and a top-of-the-line office building in Little Falls, Minn.
Principle Construction Hires Director
Phil VanDuyne has more than 33 years of experience in Chicago-area commercial development, having spent most of his career as a partner at Itasca Construction Associates.
P3 Properties Inks NJ’s Largest Lease of 2018
Teva Pharmaceuticals USA has taken up 345,000 square feet across three buildings at the company’s MCCBLUE office campus in Parsippany, N.J.
IHG to Open Kimpton Frankfurt
Kimpton Hotels & Restaurants is expanding its presence in Europe with Kimpton Frankfurt in Germany. The 155-key hotel is scheduled to open in 2023.
Corporate America’s Solar Leaders
Which commercial real estate owners made the list of the top 10 business customers?
DC-Area Hyatt Regency Changes Hands for $47M
Situated near Dulles International Airport, the 316-key, 13-story hotel includes a 29,000-square-foot Executive Meeting Center, built in 2014. HFF arranged acquisition financing for the new owner.
Hyatt Regency to Debut in Budapest
The opening of the 231-key hotel in 2020 will mark the brand’s entry into the Hungarian capital. The property will offer a spa, a restaurant and a 4,000-square-foot ballroom.
Duke Energy Carolinas Files for New Rate to Distribute Savings
The company’s shareholders will contribute $4 million to the Share the Warmth fund to help low-income customers manage their winter bills.
HFF Secures $90M Refi for Pittsburgh-Area Campus
The office complex comprises three LEED-certified buildings totaling more than 450,000 square feet. Starwood Mortgage Capital provided the 10-year, fixed-rate loan.
PSAI Realty Partners Acquires San Jose Tech Center
Constructed in 1999, the roughly 300,000-square-foot campus encompasses five two-story buildings located along Highway 237. The global headquarters of TiVo Corp. anchors the asset.