Business Specialties
U.S. Economy to Continue Growing in 2018
Key indicators suggest the nation’s economic expansion will carry on into the next year despite natural disasters and political turmoil, according to the latest edition of “The Briefing” from Transwestern.
Little Caesars Gathers Local Contracts for $150M Detroit HQ
The largest carryout-only pizza chain has awarded 99 percent of the contracts for the project to Michigan-based businesses, 69 percent of which have gone to Detroit-headquartered companies.
Choice Hotels to Buy WoodSpring Suites for $231M
The company will become the brand’s franchisor, strengthening its leadership in the extended-stay segment with the acquisition of 240 hotels in 35 states.
Jernigan Invests in 2nd NJ Facility
The firm has invested $10.6 million in a proposed self-storage facility in Dover. Construction will begin in 2018, with completion slated for 2019.
KeyBank Arranges $13M Loan for Self-Storage Portfolio in CO, MI
The portfolio includes three Mini U Storage assets, totaling 185,172 square feet, located in Denver, Livonia, Mich. and Highlands Ranch, Colo.
NKF Brokers Sale of Boston-Area Retail Plaza
Cohasset Village Plaza is located south of Boston, along Route 3A, which connects several coastal communities along a highly trafficked retail corridor.
DC-Area Retail Asset Trades for $21M
Located in Bowie, Md., The Shoppes at Bowie Town Center is an 104,000-square-foot extension of a popular open-air center across the street and was built in 2004.
Equinix to Acquire Metronode for $792M
The company will add approximately 215,278 square feet of new colocation space. It plans to expand the new facilities, as well as take advantage of two subsea cables, both slated for completion in the first half of 2018.
San Antonio Medical Center Changes Ownership
The three-story, 42,000-square-foot medical facility was 95 percent leased to eight medical practices on triple-net leases.
Premier VA Office Tower Fetches $62M
PGIM Real Estate has sold One Global View in Herndon, Va., a 217,088-square-foot, ENERGY STAR-certified office building anchored by Airbus Group.