Business Specialties
New World Plans $2.5B Mixed-Use Project in Hong Kong
The property will encompass 3.8 million square feet of retail, entertainment and office accommodations at Skycity, a 60-acre commercial development at Hong Kong International Airport.
Thor Equities, Meyer Bergman to Sell London Retail Asset for $407M
Considered a landmark since its completion in 1819 as Britain’s first shopping arcade, Burlington Arcade features 37,000 square feet of space and attracts more than 4 million visitors a year.
LTD Hospitality Opens Renovated Holiday Inn in Virginia
The company has revamped the 183-key Newport News hotel it acquired in 2016, transforming it into an IHG property.
NC Mutual Office Tower Undergoing $11M Revamp
The capital improvement plan, scheduled for delivery in September 2018, includes a series of new additions as well as the rebranding of the property.
Hines Trades Florida Office Property
The new owner will use the office building, formerly a residential sales office for a 1,450-acre master-planned community, as its regional headquarters.
Apple Hospitality Expands AZ Portfolio With $44M Phoenix Buy
Developed by Mortenson Construction and designed by PK Architects, the 210-key Hampton Inn & Suites by Hilton Phoenix Downtown marks the REIT’s 12th hotel property in the state.
Pittsburgh Embassy Suites Changes Hands for $25M
The sale of Embassy Suites Pittsburgh Airport hotel in Coraopolis was brokered by Marcus & Millichap, equating to a price of $112,108 per key.
Grubb Properties Enters DC Market
Special servicer C-III Asset Management represented U.S. Bank in the disposition of Argon Plaza in Fairfax, Va. The distressed office building changed hands in a $38.8 million deal.
L+R Enters U.S. Hotel Market
The company purchased the 283-key Hotel MdR—a DoubleTree by Hilton Hotel in West Los Angeles, which underwent extensive renovations and a repositioning in 2014.
Koontz Corp. to Bring 327 KSF Distribution Center to San Antonio
Foster Ridge Distribution Center will be part of the Northeast San Antonio industrial market and has a planned completion in the first quarter of 2019.