Business Specialties
Mission Capital Secures $19M Loan for Two NC Hotels
The portfolio comprises a 91-key Home2 Suites by Hilton and a 95-key SpringHill Suites by Marriott in Winston-Salem. A Milestone entity will manage the assets.
On the Market: 5 Interesting Listings for October
This month’s listings include a CVS Pharmacy store in Michigan, a vintage multifamily asset in Richmond, Va., and a recently renovated flex building in Miami.
Avison Young Completes Chicago Industrial Lease
The tenant, Cycle Logistics, is consolidating its distribution space by deciding to operate from Elk Grove Village, Ill. The landlord of the property is Ella Holdings.
SunPower’s 1.7 MW Project Powers Bose’s Global HQ
The fixed-tilt, ground-mount solar system in Framingham, Mass., will reduce Bose’s traditional grid electricity consumption over the next 20 years.
Knotel Closes $60M Funding Led by Norwest Venture Partners
The “agile workspace” provider sought the financing to expand its global footprint, which now stands at more than 1.7 million square feet.
Austin Office Lands Coworking Tenant
Spaces will be occupying 53,000 square feet of AFIAA’s 123,000-square-foot, Class A, five-story office building in the city’s central business district. This is the global coworking provider’s first Austin location.
WeWork Takes Full-Building Office Lease in Manhattan
The deal marks the shared office provider’s third lease at a Columbia Property Trust-owned building in the borough. The two companies intend to convert the 102-year-old property into boutique office space.
Boston Mixed-Use Building Commands $107M
In a deal arranged by NKF, The Rockpoint Group acquired the 192,890-square-foot property, which serves as headquarters for the Boston Celtics, two divisions of TripAdvisor and Oxfam America.
Video: What Are the Industry’s Biggest Challenges?
Professionals attending CREW’s national event in San Diego last week cite such issues as construction costs and the talent wars.
Queensgate Acquires DC Hotel for $54M
The company acquired the 148-key Courtyard by Marriott Washington, D.C., from affiliates of Quadrangle Development and Capstone, with plans to reopen the property under the Generator flag.