Business Specialties
Penn Compression Expands Raleigh-Area Footprint
The manufacturer intends to invest $3 million in expanding the company’s Smithfield, N.C., operations by 30,000 square feet of space.
One Grand Central Place Lands Full-Floor Tenant
Empire State Realty Trust has signed a lease for the 48th floor of the Midtown Manhattan tower, with a litigation-focused law firm as the new tenant.
Dual-Branded Hotel Opens Near St. Louis Airport
The property is the 10th Sleep Inn and MainStay Suites dual-branded property to open across the country since the concept was first introduced in 2016.
Denholtz Inks Long-Term Lease in 80 KSF Orlando Office
U Roll Express leased a 1,716-square-foot retail space in the six-story office building, marking the restaurant’s second location. Denholtz recently renovated the asset.
Willmeng Begins AZ Charter School Expansion
The planned renovations include a new gym, new classrooms, additional parking and an updated storm drainage system, almost doubling the school in size.
Devli Group Continues Acquisition Binge in NJ
The Hampshire Cos. sold the two-building flex industrial property located in Warren, N.J., in a sale brokered by Cushman & Wakefield.
NKF Adds New Tenant to Park Avenue Tower
Equity Office’s 360,000-square-foot Manhattan office tower has added The Raine Group to its tenant roster, which also includes the National Bank of Canada and Oak Hill Capital Management.
NY Health Care Center Receives $24M Financing
Greystone provided the HUD-insured loan for The Willows at Ramapo Rehabilitation and Nursing Center, the largest subacute community in Rockland County.
IRET Sells MOB Portfolio for $368M
The disposition of the approximately 1 million-square-foot, 25-property collection of medical office buildings marks the company’s final step toward its transformation into a pure-play multifamily REIT.
Washington REIT Buys One, Sells One in Metro DC
The REIT agreed to acquire an office building in Arlington, Va., and inked a letter of intent to sell another in Washington, D.C.