Business Specialties
DLA Piper Survey: CRE Still Positive After All These Quarters
Results of the global law firm’s 2017 State of the Market Real Estate Survey, released today at its 14th Global Real Estate Summit, verify that most commercial real estate executives remain positive about the future of the U.S. market—for now.
Hilton Opens New Hotel in Cincinnati
Home2 Suites Florence Cincinnati Airport South features 109 keys. Eliot Cohen and Stuart Cohen own the building, and Vista Host manages it.
JLL Facilitates Sale of Rail-Served Property in Houston
JLL represented the buyer, a Houston-based supplier of multiple types of plastic resins. The property will serve as the supplier’s company’s global manufacturing and distribution center.
Amazon to Bring Another 2,000 Jobs to NYC
The company secured a 15-year lease with Brookfield Property Partners to occupy 360,000 square feet of space at 5 Manhattan West.
DLA Piper Renews 119 KSF at University Circle
The company finalized its lease with Columbia Property Trust to retain its occupancy at the East Palo Alto location through June 2023. This renewal will keep the office campus nearly 100 percent leased.
Hilton Garden Inn Sells for $44M in Portsmouth, NH
Chatham Lodging Trust is the new owner of the 131-key hotel, which opened in 2006. The company purchased the property from Cathartes Private Investments.
Lidl Enters Texas Market
The German grocer acquired more than 5 acres in San Antonio and later this year will begin construction of a 30,000-square-foot location.
$350M Marriott Marquis Chicago Opens
Acting on behalf of the Metropolitan Pier and Exposition Authority, a joint venture led by Clark Construction Group recently completed the headquarters hotel, delivering a 1,205-key lodging destination connected to McCormick Place, the largest convention center in North America.
GBT Realty Acquires Alabama Retail Center
HFF represented DDR Corp. and TH Real Estate in the sale of McFarland Plaza Shopping Center, a 234,000-square-foot property in Tuscaloosa.
Kayne Anderson Buys Sentio Healthcare for $825M
The REIT’s portfolio comprises 33 properties, including private-pay senior housing assets, skilled nursing facilities, medical office buildings and specialty medical properties.