Business Specialties
Hotel Sector Tackles Today’s Challenges
While the hospitality sector is performing well, it’s no time to rest easy and rake in profits, said experts at NAREE’s national conference. They offered a list of issues to watch.
Newly Renovated DoubleTree by Hilton Opens in Ocean City
Owned by Harrison Group Hotels, the new DoubleTree-branded hotel features several pools, a 24-hour fitness center, along with a variety of meeting and event spaces.
Next Tier, DataBank Top Off ATL Tech Square Data Center
DataBank will own and manage the 100,000-square-foot high-performance computing center, which will initially deliver 3.2 megawatts of critical power.
Unicorp Lands Refi for Orlando-Area Development
The initial phase of the firm’s mixed-use project in Lake Mary, Fla., contains more than 50,000 square feet of retail.
Silicon Valley Build-to-Suit Office Project Lands $150M Loan
Broadreach Capital Partners’ property is fully leased to tech giant Google. HFF brokered the permanent funding from a major retirement fund.
Bright Realty Kicks Off $1.5B TX Mixed-Use Project
Phase I of The Realm at Castle Hills in Lewisville will bring a 235,000-square-foot office tower with 15,000 square feet of ground-level retail, plus a park and outdoor entertainment venue.
Wells Fargo Grants $103M Financing for Miami TOD
Florida East Coast Industries secured the construction loan for two buildings totaling more than 300,000 square feet, part of the MiamiCentral project.
Flexport Leases LA-Area Facility
Cushman & Wakefield arranged the transaction on behalf of the tenant for a newly developed industrial facility located in Compton, Calif.
Exeter Picks Up Atlanta-Area Warehouse
The previous owner, Suzuki Motor Corp., traded the industrial asset for $9 million. The building last changed hands in 1998.
Leaders Shed Light on Industrial Sector’s Prospects
At NAIOP’s annual I.CON conference, top executives provided insights into the trends shaping a dynamic asset category and offered glimpses of their investment strategies.