Business Specialties
UPI Renews 113 KSF Lease in Houston
The project management firm chose to keep its headquarters at the three-building Loop Central office campus. Teams from Transwestern and CBRE negotiated the renewal.
Skanska Lands $365M Contract for NY Rail Facility
The company teamed up with ECCO to design and build the final phase of a project for the Metropolitan Transportation Authority.
Alula Relocates HQ to St. Paul
The smart security systems producer plans to relocate its headquarters into CSM Corp.’s Midway Innovation Center I, which has been vacant since May 2018.
J.P. Morgan, JBG Smith Sell DC Office Tower for $385M
Ponte Gadea, the investment arm of billionaire Amancio Ortega, purchased the 401,000-square-foot building at 1501 K St. NW.
Nashville Hotel Trades for $125M
The seller, Rockbridge, acquired the 214-key Hilton Garden Inn in the city center for slightly more than $80 million in 2016.
Hilton Opens New DoubleTree in Spain
Opened in partnership with owner Empresas Phoenix, the 133-key property near Murcia is the flag’s fifth hotel in the country.
$1B Mixed-Use Project Set to Rise Near Dallas
Centurion American Development Group has acquired a suburban shopping mall in Plano, Texas, with plans to redevelop the property through a multi-phase project.
Genet Property Group Buys FL Industrial Portfolio
The purchase included Fairfax Industrial Park in Riviera Beach and 7150 Devons Road in West Palm Beach. Cushman & Wakefield represented the seller in the transaction.
HFF Secures NoVa Office Building Refi
The owner of 7600 Leesburg Pike in Tysons, Va., received a $32 million floating-rate mortgage to both refinance its 2014 acquisition loan and renovate the Class B asset.
Pickard Chilton-Designed Project Breaks Ground in Tokyo
The 3.3 million-square-foot mixed-use Y2 is scheduled to reach completion in 2022. The property is expected to include premier office space, a 98-key hotel and an elementary school.