Business Specialties
Tru by Hilton Expands in Three College Towns
As it continues to grow its U.S. footprint, the hospitality chain’s midscale brand is adding properties in Madison, Wis.; Tallahassee, Fla.; and Auburn, Ala.
Orange County Business Center Commands $73M
PS Business Parks sold five multi-tenant buildings in Santa Ana, Calif., divesting itself of approximately 437,000 square feet of office space.
T2 Capital to Invest $10M in PA Distribution Facility
The company acquired the currently vacant facility with plans to fully upgrade and rebrand it as Canonsburg Distribution Center. The improvement program is slated for completion in September.
Orlando-Area Industrial Development Lands New Tenant
The Park @ 429, situated in the metro’s Ocoee/Winter Green submarket, is now 96 percent leased following the nearly 90,000-square-foot deal.
PGIM Real Estate’s Net-Zero Milestone
A Silicon Valley office property is the first asset owned by an institutional investor to earn a place in the New Buildings Institute’s registry.
Leaders Call on Congress to Renew Efficiency Incentive
Advocates are urging Congress to make a key deduction permanent and increase the federal tax code’s only incentive for energy upgrades.
How RTEM Is Rewriting the Energy Management Playbook
Yardi Energy’s Annette Durnack sheds light on trends in real-time energy management systems and selecting an RTEM.
Hilton Opens 3 DoubleTree Hotels
The company unveiled properties in Helena, Mont., Phoenix, and St. Paul, Minn., totaling 551 keys. Guest amenities include pools, meeting space and fitness centers.
Chicago’s Industrial Corridor Renaissance
The North Branch Industrial Corridor is part of local authorities’ Industrial Corridor Modernization Initiative, a multi-year effort to review the city’s designated industrial areas. Baker Development Corp. Principal Dan Slack spoke to CPE about how the rezoning impacts development along the Chicago River.
CBRE to Relocate Memphis Office
The firm’s new space, containing more than 10,000 square feet, is nearly 50 percent smaller than its current location, nearly five miles to the southwest.