Business Specialties
TruAmerica Acquires $47M Orlando Community
As one of the strongest multifamily markets in the U.S., Orlando has a very frothy investment market. TruAmerica intends to enhance the 300-unit property located between the area’s chief financial drivers.
First Phase of Bakersfield Commons to Start in 2018
World Oil Corp., which owns the site, chose Trammell Crow Co. to be the master-developer of the project that will feature residential, retail, industrial and office space along with a luxury theater and hotel.
Report Explores Technology’s Role in CRE Trends
Possibilities include wi-fi ads, multi-building green planning, even drone high-rises. The bank’s latest report details what’s still to come and what the industry’s disruptors will be.
USAA Phoenix Master-Planned Community Breaks Ground
The upscale 400-acre community will feature entertainment, shopping and dining options to its residents. USAA Real Estate expects to finish the first phase within one year.
Meridian Expands SoCal Portfolio
The company has added The Laguna, a 57,057-square-foot medical office building, to its portfolio, with plans to complete a $24 million renovation.
Orlando Office Tower Welcomes New Tenant
Franklin Street’s team of Yvonne Baker and Nicole Willerer represented the owner in the lease negotiations with Pipeline Workspaces. The tenant plans to move into the former Wells Fargo Tower in early 2018.
Philly Creative Office Asset Trades for $29M
The 100,998-square-foot premier building previously served as a car dealership and a warehouse, until its conversion to office in 1982.
NJ Industrial Buy is Devli Group’s Latest
The complex includes approximately eight acres of excess developable land, offering the possibility to significantly increase the value of the asset.
Curio Collection by Hilton Reopens Iconic Dallas Hotel
The Statler, originally built in 1956 as one of Conrad Hilton’s first convention properties, underwent a $225 million redevelopment. The 19-story, 159-key hotel was relaunched by Centurion American Development Group.
Savanna Picks Up NYC Office Tower
The real estate company purchased 19 W. 44th St. from Deka Immobilien GmbH, and plans to invest more than $25 million in renovations at the 300,000-square-foot Midtown property.