Business Specialties
Pebblebrook Sells DC Hotel for $142M
After acquiring LaSalle Hotel Properties in November, the REIT embarked upon a disposition program that so far has included eight properties and is expected to continue over the next 18 months.
Newly Completed Queens Asset Lands $21M Financing
AB Capstone will use the new mortgage to pay off existing debt, as well as for the asset’s final lease-up and stabilization.
CityView Commercial Buys GA Retail Center for $45M
JLL arranged the sale of Southlake Mall in the Atlanta suburb of Morrow, working on behalf of Vintage Real Estate, which had owned the property for nearly five years.
DataRobot Relocates Boston HQ
Starting with September, the company will occupy 56,962 square feet in a premier office tower that Oxford Properties Group owns in the city’s central business district.
Historic Miami Hotel Sells for $103M
Tommy Hilfiger and Turkish conglomerate Dogus Group sold the iconic Raleigh Hotel to a partnership of Deutsche Finance America, Bilgili Holding and SHVO.
New SpringHill Suites Opens in Denver Area
Bedford Lodging owns the 127-key Marriott hotel located within walking distance of Colorado Mills Mall, roughly 10 miles west of the metro’s downtown.
Graymark Capital Buys Bay Area Office Building
The Class B asset completed in 1980 is fully leased to Apple and changed hands for more than $45 million.
Farmers Insurance Exchange Signs New Lease in Phoenix
The company will occupy a 17,351-square-foot building, part of the Spectrum Ridge Flex park. Kidder Mathews brokered the transaction on behalf of the owner.
Hilton Launches New Brand
Signia, which will kick off with three properties in as many major cities, will compete with the hospitality industry’s top meetings and events brands, while also targeting upscale leisure travelers.
Dual-Branded Best Western Hotel Debuts in Austin
The 86-key newly developed hotel consists of 39 Executive Residency by Best Western guestrooms and 47 Best Western Plus guestrooms.