Business Specialties
Cresa to Manage National United Access Portfolio
The tenant rep firm netted a contract for 26 industrial and retail properties, spanning from Oregon to New York, for the major supplier of wheelchair-accessible vehicles and equipment.
Home2 Suites Opens in Broward County
Managed by Naples Hotel Group, Home2 Suites by Hilton Miramar adds 101 suites to Greater Fort Lauderdale’s steady tourism industry.
Manhattan’s New Mondrian Hotel Gets Refi
An HFF team arranged the floating-rate loan with JPMorgan Chase Bank, N.A., on behalf of Moin Development Corp., sponsor of the 190-key luxury property. Proceeds were used to refinance the construction loan.
PCCP, Blue Steel Team on 1.4MSF Tampa Industrial Park
The partners formed a joint venture to acquire a 154-acre site in Lakeland, Fla., where they plan a phased buildout for their spec project, dubbed Key Logistics Center.
JV to Build $1.2B Angels Landing High-Rises
Three companies have teamed up to develop the mixed-use project planned for the 2.2-acre site on L.A.’s Bunker Hill. The towers are expected to be among the tallest in all of the western U.S.
Activity Abounds at Gaedeke’s Dallas Office Properties
One McKinney Plaza, 17Seventeen McKinney and Regency Plaza wrappped up the year with a burst of new leases, as the buildings’ owner makes renovation plans at two of the assets.
Caesars, VICI Close $1.1B Harrah’s Sale-Leaseback
The deal paves the way for Caesars to develop a new convention center and partially funds the firm’s previously announced acquisition of Centaur.
Luxury Hotel Breaks Ground in Tribeca
The partnership—including Caspi Development, Mactaggart Family & Partners and Barone Management—expects to deliver the 96-key Manhattan property in 2020.
Two-State Industrial Portfolio Commands $40M
BPP Pacific sold the assets located across Arizona and Colorado in a deal facilitated by JLL. The properties are 92 percent leased to 17 tenants.
Real Estate Financing: What to Expect in 2018
Essex Realty Group’s Douglas Fisher summarizes the evolution of the real estate market in 2017 and sets the direction for the coming year.