Business Specialties
Chesapeake Agrees to Sell NYC Hotels for $138M
The two Hyatt-branded Manhattan properties are slated to change hands in September, prior to the trust’s prospective $2.7 billion merger with Park Hotels & Resorts Inc.
Washington REIT Sells $485M Retail Portfolio
First Washington Realty acquired the 800,000-square-foot group of five grocery-anchored shopping centers in high-income neighborhoods of the Washington, D.C., area.
KBS Sells Raleigh Office High-Rise
The Class A asset last traded in 2013, when a joint venture that also included Kane Realty Corp. shelled out $98.4 million.
Spectrum Breaks Ground on 577 KSF Charlotte Project
In partnership with Invesco Real Estate, the company began construction on a 5-acre, mixed-use development that includes offices, retail and a hotel.
Harbor Group Buys South Florida Office for $33M
The roughly 101,000-square-foot asset in Sunrise traded for the first time in a decade. The new owner intends to perform capital improvements at the three-story building.
Equinix Opens its Largest Japanese IBX in Tokyo
The new data center will comprise more than 3,500 cabinets and more than 153,800 square feet dedicated for colocation upon full deployment.
Bank of America Tower in Houston Scores LEED Platinum
The high-rise is the first U.S. project to earn the LEED V4 Platinum for Core and Shell designation—the top score achieved in the category to date.
Global Mutual Buys Triangle Office Park for $81M
BBVA Compass Bank provided the buyer of the nearly 430,000-square-foot Class A research campus with a five-year, $61.6 million acquisition loan.
Sector-by-Sector Real Estate Review
Commercial real estate investors hope for the best as downturn looms.
Foreign Investment Moves Beyond the Gateways
Lofty prices and compressed yields are causing global buyers to prospect in other lucrative, business-friendly states such as Texas and Florida.