Business Specialties
Hilton Hotel to Join NC Mixed-Use Project
Aston Properties traded a two-acre site at Biltmore Station for the development of a Home2 Suites by Hilton hotel in Asheville, N.C. Baywood Hotels intends to start construction this year.
Stonemont Buys $1.3B Net Lease Portfolio
CBRE Capital Markets arranged the transaction on behalf of the seller, Oak Street Real Estate Capital, and secured $1.1 billion in acquisition financing for Stonemont. The deal encompasses 100 assets in 20 states.
JLL Facilitates HQ Relocation for Houston Company
INOVA Geophysical inked a 37,715-square-foot lease in Sugar Land, Texas, a suburb of Houston. The seismic company’s new headquarters will be just three miles from its former office.
JLL Brokers Sale of 45-Acre Orlando Site
Exeter Property Group purchased the land for $8.4 million, with plans to begin speculative construction of a large distribution center in Orlando’s Airport submarket.
Informa Consolidates NYC Offices in Midtown
Fisher Brothers will welcome the events and publishing company to 605 Third Ave., a recently renovated Class A office tower. The firm plans to occupy three floors by the first quarter of 2018.
C&W Expands PDS Team
With more than 15 years of working together at various companies including Eagle Rock Partners, CBRE and Trammell Crow Co., Ken Loeber and Terry Rennaker are bringing their partnership to Cushman & Wakefield’s Project & Development Services.
Gramercy to Launch E-Commerce JV, Make Large Logistics Buy
With this deal, the company’s 2017 investment volume will hit $998 million. It currently has an additional $386 million of acquisitions awarded or under contract.
Phillips Edison Adds 600 KSF to Its REITs
Acting on behalf of its two real estate investment trusts, the company acquired six grocery-anchored properties in various transactions.
Sacramento-Area Walmart Central Trades for $40M
Nazareth Enterprises Inc. surpassed the $100 million mark in acquisitions in the third quarter with the purchase of the 139,277-square-foot asset in Folsom, Calif.
KBS Nabs 2 Class A Offices in Oakland City Center
NKF represented the sellers, Rubicon Point Partners and Canyon Partners Real Estate LLC. The assets total 367,357 square feet and are currently 92 percent occupied.