Business Specialties
Berkadia Secures $13M Refi for Miami Beach Hotel
The brokerage team represented borrower Eidico, an Argentinean real estate developer specializing in hospitality, which acquired The Lord Balfour Hotel roughly eight years ago.
Inland Empire Shopping Center Commands $26M
CBRE has arranged Tarski Group’s acquisition of Heritage Plaza, a 119,000-square-foot retail center in Riverside, Calif., from a pair of Orange County developers.
Marcus & Millichap’s Nadji on What’s Shaking Up the Industry
At the 2018 CREW Convention and Marketplace in San Diego, the firm’s CEO talked about the most important trends currently impacting the real estate services business.
Industrial Sector on Fire as Experts Brace for Change
Robotics, automation and more creative approaches to logistics centers are part of the new era in the country’s booming market.
UBS to Relocate Galleria Branch to West Houston
The new office at Town Centre I will feature a modern, open-plan design with large windows. The relocation is scheduled for March 2019.
Trammell Crow-Led Team Kicks Off $453M Mixed-Use Project in LA
Vermont Corridor, the product of a public-private partnership, will revitalize a stretch of the city’s Koreatown neighborhood with office, residential and retail space, along with county services.
Fully Leased Atlanta Warehouse Changes Hands
Mayfield Properties sold the distribution center for more than $16 million. The roughly 455,000-square-foot asset last traded in 2014 for $12.8 million.
Fourpost Aims to Change the Retail Landscape With New Model
Founder & CEO Mark Ghermezian’s company is launching Nov. 1 at North America’s two biggest malls, with a collection of brands looking to make the move to brick-and-mortar locations without the long-term commitment.
Blackstone Buys Maui Hotel, Condo Property
Ares Management, SMW Hospitality and Trinity Investments sold the Ritz-Carlton, Kapalua, which encompasses a 297-key luxury resort and 107 condos on the Hawaiian island’s northwest shore.
Nashville Hotels Change Hands
Wheelock Street Capital sold the two-property portfolio to The Gehr Group approximately five years after acquiring the assets for $18.6 million.