Business Specialties
New Fairfield Inn & Suites Opens in Manhattan
Crescent Hotels & Resorts will manage the 192-key asset in Lower Manhattan. The hotel features an open lobby, fitness center, work area and other amenities.
NAI Hiffman Brokers 250 KSF Warehouse Lease
H&K International will occupy 247,360 square feet of office and warehouse space within DCT Industrial Trust’s park in Aurora, Ill.
64 KSF CA MOB Changes Hands
Proto Inc. sold a single-tenant medical office building in Covina, Calif. The new manager plans to operate extensive renovation plans for the property.
Virtua Closes Fund, to Acquire 13 AZ Properties
The company plans to add value to the purchased infill locations by obtaining entitlements for them, or by building via its affiliate, Quyp Development.
Kennedy Wilson Refinances $334M of Irish Properties
Euro-subsidiary completes refinances of seven assets, including office, retail and multifamily properties in the capital city of Dublin. The deal follows this fall’s merger between Kennedy Wilson Holdings and Kennedy Wilson Europe Real Estate.
ShopOne Enters NYC MSA
The company acquired Oak Park Commons, a 139,717-square-foot grocery-anchored shopping center in South Plainfield, N.J., continuing its plan to diversify the geographic makeup of its portfolio.
Marcus & Millichap Report: Tax Reform’s CRE Impact Likely Limited
While the separate versions of tax reform put forth by the U.S. House of Representatives and the U.S. Senate have not yet been reconciled, the report concludes that neither proposal, or any combination of the two, would cause anything close to shockwaves in the commercial real estate industry.
AJ Capital Partners Opens MN Hotel
The Graduate Minnesota was formerly known as The Commons Hotel and marks the only lodging in the Minnesota-area. The property is close to the Minneapolis-Saint Paul International Airport.
MA Hilton Hotel Lands $53M Financing
Colliers secured financing for a 235-key dual-brand Hilton Hotel in Woburn, Mass. The project will be located in a well-exposed site in the northern suburbs of Boston.
JPMorgan Renews, Expands Boston Lease
The company will take over 140,000 square feet of office space within a converted warehouse building located in Boston’s busy Seaport District.