Business Specialties
ESRT Signs Full-Floor Lease at Manhattan High-Rise
The firm’s high-rise features more than half a million square feet of office space above nearly 20,000 square feet of street-level retail.
New Holiday Inn Lands in Moscow
Located next to Russia’s busiest airport, the 198-key property is within walking distance of several terminals and a 35-minute train ride from the capital.
Hyatt to Shed 3 Properties in $1B Deal
The sale of Grand Hyatt San Francisco and two resorts to Host Hotels is tied to the company’s sell-down and asset-recycling programs. Hyatt will continue to manage all three assets.
Sterling Bay Buys Chicago Office Tower for $510M
In its largest purchase ever, the REIT snapped up the 1.6 million-square-foot 600 W. Chicago Ave., home to Groupon’s headquarters, from Equity Commonwealth.
Summit Pointe Realty Unveils $300M VA Mixed-Use Project
The company is developing a 510,000-square-foot world headquarters campus for Dollar Tree in Chesapeake, as part of the Summit Pointe master plan, which calls for as much as 1 million square feet of office space, more than 1,400 residences, 500,000 square feet of retail space and 250,000 square feet of hospitality and conference space.
Oil Manufacturer Inks 55 KSF CA Lease
The firm, Sunset Olive Oil, will create 20 jobs through at its facility in Montebello, Calif. DAUM Commercial has arranged the leasing transaction on behalf of the landlord, Emery Investments.
LPC Selected to Manage Dallas Office
The 235,000-square-foot Class A office high-rise, formerly known as the Belo Building, sits in the heart of Dallas’ city center.
$150M LA Mixed-Use Project Breaks Ground
Situated in the heart of Santa Monica, The Lincoln Collection is a four-story mixed-use project featuring 25,000 square feet of street-level retail amenities.
JV Acquires Phoenix Office Asset
Totaling more than 250,000 square feet, the three buildings in the city’s Black Canyon Corridor submarket fetched a sale price of nearly $35 million.
CBRE Global Investors Taps New Senior Managing Director
Scott Spalding will be responsible for business development with financial intermediaries and investment advisors who assist high net worth investors.