Business Specialties
Starwood Opens its Largest Hotel Worldwide: 4K-Room Sheraton Macao
Starwood Hotels & Resorts Worldwide started the first phase of building the largest hotel it owns, in Macau, the sole place in China where gambling is legal.
Cassidy Turley Secures 620 KSF Management Assignment in Suburban Washington, D.C
USAA Real Estate chose Cassidy Turley to spearhead property management services for two Class A office buildings in Arlington, Va.
Spirit Realty Capital Prices Initial Public Offering
The Scottsdale, Ariz.-based triple-net sector REIT launched an initial public offering Thursday, raising approximately $435 million, mostly to be used to pay off debt.
ANSYS to Establish New Headquarters at Southpointe II Business Park
By Adriana Pop, Associate Editor Southpointe-based technology company ANSYS will establish a new headquarters at the Southpointe II Business Park, less than a mile away from its current 107,000 square-foot space. According to the Pittsburgh Business Times, the company has signed a 15-year lease for a new 186,000-square-foot building scheduled for completion in the fourth […]
Work is in Progress at New Lexus of Nashville Dealership
By Eliza Theiss, Associate Editor Nashville is finally getting a long-awaited Lexus dealership. But the new 58,000-square-foot Lexus location will be far beyond a simple car dealership. The facility under construction at the 7.2-acre site at the corner of Rosa Parks Blvd. and Interstate 65 in Madison has been described as a retail and service […]
Thomas Properties, CalSTRS Buy 3 MSF Austin Portfolio for $859M
In an evenly split JV, Thomas Properties and California State Teachers’ Retirement System have purchased a group of eight office buildings in the Texas capital.
OHL Renews, Expands Space to 591 KSF in South Dallas
Ozburn-Hessey Logistics, one of the largest third-party logistics companies, has both expanded and renewed a lease in the third most populous city in Texas.
MB Real Estate Completes 260 KSF in Leases at Michigan Plaza
MB Real Estate has completed 26 lease transactions this year at a two-building complex in Chicago totaling 69 stories.
Compass Buys $2.1M Site in Durham to Develop Data Center
by Adriana Pop, Associate Editor Compass Datacenters of Texas has completed the acquisition of a 16.5-acre site in Research Triangle Park, where it plans to build one of its first data center complexes in the U.S. According to the Triangle Business Journal, a subsidiary of the Dallas-based company has purchased the land from two seller […]
Prestige Refinances 517 KSF Bronx Retail Center for $210M
Prestige Properties refinanced its Bay Plaza Community Center inside a Bronx, N.Y., shopping center as part of a strategic decision.