Business Specialties
JV Nabs Suburban Boston Office/Flex Campus
The six-building Brookwood Business Center is located in Tewksbury and Billerica, Mass., and previously traded in 2010, when Brookwood Financial Partners acquired it through foreclosure for $15 million.
Hyatt to Open 2nd Germany Hyatt House Location
The company revealed plans for a new Hyatt House hotel in Germany, which is scheduled to open in late 2019. HR Group will manage the 190-key property.
Newly Developed Retail Center Lands $13M Loan
Meridian Managing Director Noam Kaminetzky arranged the financing on behalf of the owner, an entity affiliated with Miami-based Midtown Realty.
On the Market: 5 Interesting Listings for October
This month’s listings include a charming 1928-built dinner theater in Connecticut and a stately U.S. Bank building in one of Illinois’ wealthiest towns.
Peapod Relocates HQ to Downtown Chicago
The company will be moving all its employees from its suburban headquarters in Skokie, Ill., and the Civic Opera Building to a new 53,000-square-foot office in downtown Chicago.
Franklin Street Closes Major Credit Facility Expansion
The recast of the existing unsecured credit facility into the $1 billion facility is accompanied by a $200M private placement and extension of term loans.
Savills Studley Inks New Office Lease
The commercial real estate services firm moved just up the street from its current location in downtown Denver, taking 8,500 square feet at 1125 17th St., a Class A tower co-owned and managed by Hines.
Mack-Cali Unveils $50M NJ Capital Improvement Initiative
The REIT plans to renovate building exteriors, install state-of-the-art amenities and modernize common areas throughout its portfolio of properties in Parsippany, Short Hills, Metro Park and Red Bank, N.J.
Hilton Opens 185th Home2 Suites Hotel
Home2 Suites by Hilton Lafayette offers convenient access to Purdue University, as well as Purdue University Airport. The hotel features the brand’s specific amenities.
Harbor, Goldman Sachs Close Denver Off-Market Transaction
The deal represents the ninth value-add office acquisition for Harbor in the last two years and is the firm’s first building in the Denver market.