Business Specialties
Marx Development Gets $88M in Financing for Hudson Yards Hotel
Meridian Capital Group secured the 24-month term loan from Mack Real Estate Credit Strategies. The developer plans a 42-story, Marriott-branded property across from the Javits Center on Manhattan’s Far West Side.
Suburban Chicago Office Towers Land $60M Refi
Zeller Realty Group received the financing for two seven-story buildings totaling 350,000 square feet in the North Shore submarket. HFF arranged the loan through Ares Commercial Real Estate Corp.
How Investment Managers, Vendors Are Expediting IT Innovation
At Realcomm in Las Vegas, Lisa Howat, managing director of Lionpoint Group, outlined the challenges and opportunities investment managers are facing in addressing enterprise-level technology needs.
Ohio’s The Shops at Worthington Place Adds Tenants
Worthington Square Ventures closed four lease agreements amounting to 24,500 square feet, bringing the retail center to 93 percent occupancy.
Gazit Horizons Picks Up Boston Retail Asset
The seller, Frazer Holdings, traded the vacant property in the city’s urban core for $16.6 million. The building contains 10,500 square feet across two stories.
LPC to Manage 400 KSF Atlanta Mixed-Use Project
The owner, a joint venture between Loudermilk Properties and The Hanover Co., broke ground on the development in early 2017.
Duke Realty Sells IL Industrial Building
Neuco, a distributor of HVACR replacement parts, acquired the roughly 145,000-square-foot Bolingbrook property to serve as its new corporate headquarters.
Westgate Resorts Buys Vintage Manhattan Hotel
The historic 300-key hotel in Tudor City, near Grand Central Station, has been rebranded as the Westgate New York City. It’s the company’s first acquisition in a major city.
Incipio Signs Warehouse Lease in California
The designer and manufacturer of mobile device accessories leased more than 300,000 square feet in Corona. JLL negotiated the deal on behalf of the tenant, while Colliers represented the landlord.
Crescent Picks Up $125M Denver Hotel Portfolio
Situated within a quarter mile of more than 11 million square feet of office space, the two properties are within a 10-minute walk of Colorado State Capitol.