Business Specialties
Duke Realty Breaks Ground on New Indianapolis HQ
PK Partners LLC is the industrial REIT’s joint venture partner on the 78,000-square-foot office and retail project, which is scheduled for completion in late 2019.
GEICO Plans New Digs in Tucson
The private passenger auto insurance company broke ground on a new office building in Arizona, which is slated to open late next year.
Choice Hotels Launches New Midscale Brand
Focused on conversions, the new Clarion Pointe extension is intended to meet the need for premium yet affordable select-service hotels.
Aztec Arranges Refi for 2 Miami-Area Properties
City National Bank provided loans totaling $13.5 million for a shopping center and a Bank of America building north of downtown Miami.
Mele Group Arranges Sale of Self-Storage Development
The brokerage team found a buyer that expects to complete the 980-unit facility in Pembroke Park, Fla., by summer 2019.
Manhattan Holiday Inn Lands $137M Loan
Mission Capital Advisors worked on behalf of Golden Seahorse to arrange the refinancing of the 492-key property, which also marks the brand’s tallest hotel in the world.
Gladstone Commercial Corp. Acquires Fully Leased OH Property
The industrial asset has been serving as Midwest Acoust-A-Fiber’s headquarters since its completion in 1990. The company, which is also the sole tenant, has signed a lease extension.
Tampa Flex Office Portfolio Trades for $15M
The buyer, a private investor, funded the acquisition of the two buildings with more than $10 million in financing from Starwood Mortgage Capital.
Atlanta-Area Industrial Center Scores LEED Silver Certification
The two buildings are estimated to use about 25 percent less energy and 35 percent less water than traditional facilities, with savings directly benefiting tenants.
California Steps Up Clean Energy Push
A package of legislation aims to ensure that utilities supply 100 percent carbon-free energy by 2045.