Business Specialties
CBRE Facilitates Sale of Dayton Manufacturing Building
Wernli Realty Corp. sold the property for $525,000 to commercial plumbing company Frye Mechanical. The asset includes 15,000 square feet of production space and 5,000 square feet of office space.
Hilton Melbourne Rialto Place Changes Hands in FL
The Buccini/Pollin Group has purchased Hilton Melbourne Rialto Place in Melbourne, Fla. The recently renovated, 238-key hotel includes a business center.
Seagis Snags 80 KSF Industrial Asset in Queens
5700 49th Place in Queens has changed hands. The nearly 80,000-square-foot warehouse will benefit from a comprehensive rehabilitation program.
Braun Enterprises Snags Houston Office Asset
The HFF team of Dan Miller and Marty Hogan represented the seller, a joint venture of Fuller Realty Partners and Harbert Management Corp.
C&W Signs New Tenant at Franklin Plaza in Roanoke
Atlantic Credit and Finance will relocate its offices into 54,000 square feet of space on the first two floors of the building. The move will create more than 115 jobs, and follows the company’s operations expansion strategy.
San Diego-Area Industrial Asset Trades for $3M
The roughly 20,000-square-foot industrial building is located within the Greater San Diego area. Kidder Mathews negotiated the transaction on behalf of the buyer, a local private investor.
Downtown Ft. Lauderdale Office Asset Trades for $41M
The 342,465-square-foot property is currently 42 percent leased and is subject to a long-term ground lease owned by New York Life Insurance Co.
Southern Land Taps New President
Marty Posthauer will lead the firm’s commercial construction activities, bringing with him more than 30 years of experience in both commercial and residential development.
Manhattan Office Tower Joins LEED League
The Cushman & Wakefield-managed Heron Tower aimed for LEED Silver certification, but achieved LEED Gold status due to upgraded plumbing and air conditioning fixtures, as well as a brand new building management system.
New Manhattan Office Product to Soar in 2018
Coming off strong leasing activity in 2017, the Manhattan office sector is set to welcome this year its highest amount of new office product since 1986, Cushman & Wakefield executives noted at the firm’s latest press briefing on the market.