Business Specialties
JBG Breaks Ground on DC-Area Headquarters
The 14-story building on Bethesda Avenue is slated for completion in the third quarter of 2019. The REIT will occupy the lower floors, with 200,000 square feet of office still up for grabs.
Netflix Expands in Hollywood
Hudson Pacific Properties facilitated the deal. To date, the two companies have teamed on more than 560,000 square feet of office space.
JV to Redevelop Historic Sunshine Theatre in NYC
A partnership between East End Capital and K Property Group purchased the 29,200-square-foot building for $31.5 million. The historic Houston Street cinema will close in January 2018, and will be transformed into a mixed-use development.
Experiential Retailing Is Transforming the Use of CRE
Realizing the value in offering customers experiences, retailers are capturing sales through experiential retailing and e-commerce, using data as a means to select the most relevant locations for shopping and distribution facilities, says Christopher Pappas, director at Fitch Ratings.
Rubicon Sells LAX 596-Key Hotel Portfolio
The company disposed of the 640-key Hacienda Hotel it purchased in 2013 and then converted it into two different branded hotels: the Aloft by Starwood and Fairfield by Marriott.
Upcoming Las Vegas Retail Property Snags $38M Financing
Remington Nevada is developing a 25-acre grocery-anchored shopping center at the entrance of Mountains Edge Master Planned community. The property is scheduled to come online in late 2018.
TCC, Meadow Partners to Redevelop Building Near the White House
The companies have joined hands to purchase an 80 percent condominium interest in the Motion Picture Association of America Building. The MPAA has retained a 20 percent interest in the building and will occupy two of the eight floors once the asset is completed in 2019.
Boutique Thompson Hotel And Condos Planned For The River Walk
The Arts Residences at the Thompson Hotel, a 20-level mixed-use tower encompassing 66 luxury condominiums, is slated to break ground this summer.
Transwestern Brokers Leases at Walnut Creek’s Lyric
Bank of the West and Drybar have inked leases for a combined 4,500 square feet at a mixed-use development managed by Berkshire Communities, which is slated for completion by fall.
San Diego-Area Grocery-Anchored Center Trades for $42M
HFF represented the seller, a partnership between Brixton Capital and ALTO Real Estate Funds, which sold the property to an affiliate of American Assets Trust Inc.