Business Specialties
Self-Storage Facilities Begin to Recover After Hurricane Harvey
Following the natural disaster that crippled Houston, businesses begin to recover, while also lending a helping hand. Extra Space Storage announces it has reopened the bulk of its properties in the greater Houston area.
Kor Group, Goldman Sachs Team Up for LA Hotel Buy
The 250-key Custom Hotel is the only lifestyle boutique near Playa Vista and Los Angeles International Airport. The companies have two other hotels in the pipeline, scheduled to open in 2019.
DOI Signs Major Lease at 180 Maiden Lane
Clarion Partners and MHP Real Estate Services have signed the New York City’s Department of Citywide Administrative Services to a 276,000-square-foot lease, making the department the building’s largest tenant.
Mitsui Fudosan Buys Stake in $3.6B Hudson Yards Project
The Japanese developer will take a 90 percent stake in 50 Hudson Yards on Manhattan’s Far West Side. The deal follows its 2014 acquisition of the nearby 55 Hudson Yards tower.
Carlyle Group Snags $85M for San Jose Campus
The company has secured the five-year, floating-rate loan to refinance 4300 and 4400 North First St., two Class A office buildings situated in the Innovation Triangle submarket of Silicon Valley.
Dominguez Sells LA Office-Medical Asset for $49M
Newmark Knight Frank represented the company in the disposition of Madrona Business Campus, a 211,400-square-foot property in Torrance, Calif.
First TN Blackberry Resort in 40 Years Breaks Ground
The 5,200-acre property is expected to welcome its first guests in 2018. The project features six cabins, 13 cottages and multi-bedroom homes, as well as two new restaurants.
Crystal Ball: Executives Size Up CRE Predictions
Forecasting market trends is a universal—and vital—exercise in commercial real estate, and throughout the decades, industry leaders have often provided smart predictions that have enabled their companies to capitalize on changing conditions and steer clear of hazards, as well.
Hanley Arranges $22M Inland Empire Retail Sale
The 62,952-square-foot newly remodeled regional shopping center in Riverside, Calif., was 98 percent occupied at the time of the sale. Only eight shopping centers in the Inland Empire changed hands for more than $20 million in the past 12 months.
Meridian Nabs Bay Area 175 KSF Office
The firm plans to reposition the property and bring upgrades to the building systems, roof and common areas. Transwestern will be handling leasing efforts.