Business Specialties
Tampa Retail Center Trades for $27M
Cushman & Wakefield arranged the sale of Tampa Bay Center on behalf of the seller. The shopping center has recently undergone a $5 million improvement.
Lynmark Group’s Chicagoland Retail Center Adds Tenants
Wheeling Town Center, which is slated for opening in early 2019, added two new restaurants to its roster, bringing the mall to 83 percent occupancy.
JV Acquires 1 MSF Data Center Portfolio
Lincoln Rackhouse and Principal Real Estate Investors purchased three facilities in Dallas, Phoenix and Kansas City. The partners also signed INAP to a master lease at the Arizona asset.
Clinical Research Tenant Signs Suburban Atlanta Office Lease
An Avison Young team brokered the 11-year lease in downtown Decatur with iResearch Atlanta. The clinical research company plans to move into the new space in early 2019.
Largest Hampton by Hilton Hotel Opens in Dubai
The 420-key property, located near the Dubai International Airport and the Dubai Airport Free Zone, is the largest for the brand worldwide and will help diversify Dubai’s hospitality offerings.
Ross Stores Leases 1 MSF of CA Industrial Space
The retailer signed a lease agreement with Wonderful Real Estate to occupy space at a fully-entitled, world-class distribution center in Shafter.
Midtown Manhattan Tower Receives $125M Financing
Pearlmark will use the proceeds from the loan to refinance the LEED Silver-certified Tower 56, as well as cover the costs of future leasing efforts.
Ground Breaks on $500M Ritz-Carlton in NYC
Marriott International and Flag Luxury Group have teamed up to develop the 250-key property in Manhattan’s increasingly popular NoMad neighborhood, adding guest accommodations and branded residences to the market.
Warehouse Industry’s Move to the City
Transwestern’s Walter Byrd discusses what drives industrial users and retailers to the urban core, the challenges that come along with this move, as well as the hottest urban warehouse markets.
StarPoint Acquires Beverly Hills Office Building for $193M
The company plans to renovate and reposition the 46-year-old tower at 433 N. Camden Drive, which ranks as the second-tallest building in the high-end submarket.