Business Specialties
Castellum Tapped to Develop Stockholm City District
The upcoming development is expected to bring approximately 1 million square feet of office, hotel, retail and residential space to Söderstaden.
Divaris Completes 6 VA Leasing Transactions
The company renewed contracts for five clients, in addition to a new tenant. The office and retail spaces are all located near major transit routes and shopping centers.
AccorHotels Partners With Brazil Hospitality Group
AccorHotels will manage several of Brazil Hospitality Group’s properties. The company has also acquired LEBSPE Ltda, a company that manages several Brazilian hotels, from BHG.
Mainstreet To Acquire CareIT Portfolio for $425M
A partnership between Mainstreet and Tiptree is set to purchase CareIT’s portfolio. The properties include 42 senior living communities and health-care facilities.
TownePlace Suites by Marriott Expands Canada Footprint
The property is the first major extended-stay property to operate in the city’s center, offering guests a long-term hotel option on the Canadian side of the border.
JV Obtains $15M Loan for Suburban Chicago Acquisition
The office building is located in Lombard, Ill., near several interstates. The new owners plan on upgrading the property’s amenities and bring lease rates to the current market value.
NewMark Merrill Buys CA Shopping Center
Madison Marketplace is located in Fair Oaks, Calif., and is 93 percent leased to several national and local retailers including Raley’s Supermarkets and TJ Maxx.
Residence Inn by Marriott Opens in Miami
The 19-story property is situated in the heart of Sunny Isles Beach, one of the top ten destinations in the U.S. The hotel is close to Miami International Airport and Fort Lauderdale-Hollywood International Airport.
FL Self-Storage Project Receives $8M Loan
Walker & Dunlop has arranged the loan, structured with a 10-year term and 12-month construction period. Preferred Storage is expected to be completed in 2018.
JLL Secures $52M Refi for Space Mart Self-Storage Portfolio
The portfolio includes eight properties in Greater Philadelphia, Pennsylvania and Richmond, Va., totaling 554,823 square feet. JLL secured the loan.