Business Specialties
Wonderful Spec Project Underway in Central Valley
The 1 million-square-foot building, which will sit within the 1,600-acre Wonderful Industrial Park in Shafter, Calif., is one of only a few developments of its kind in the market.
DivcoWest Adds Office Tower to San Diego Portfolio
The building marks the company’s second purchase in San Diego. DiamondView East Village offers retail and events spaces, in addition to Class A workspaces.
GP to Invest $100M in New AL Lumber Facility
The 300,000-square-foot facility is slated for completion in late 2018. Once completed, the plant is set to employ more than 100 full-time workers.
GTJ REIT Snags FedEx-Leased NY Facility
The 43-acre, 248,370-square-foot property, located in a major logistics hub, is leased and occupied by FedEx Ground for a 10-year term.
Fitch: More U.S. Lodging Consolidation Is Expected
The growing power of industry leaders will drive more lodging consolidation, with Hyatt and La Quinta as desirable targets, per the rating agency’s most recent report on hospitality. Such growth strategies are also a way to balance the competitive environment disrupted by alternative accommodation operators.
C&W Adds New Tenant to VA Office Tower
Barry Ward and Price Gutshall of Cushman & Wakefield | Thalhimer’s Roanoke office represented the landlord in the lease negotiations.
Baltimore-Area R&D Park Welcomes New Tenants
St. John Properties inked two new leases totaling more than 30,000 square feet at its 44-acre Riverside Technology Park in Frederick, Md., bringing the campus to 90 percent occupancy. The campus is now 90 percent leased.
Creative Office Building Underway in West LA
Expected to be completed in the first quarter of 2019, Expo Station is an 80,000-square-foot transit-oriented development. The asset will feature three levels of creative office space and a two-level parking structure.
Dual-Branded Marriott Hotel Debuts in Denver
White Lodging Services Corp. own and manage the 272-key Le Meridien and the 223-key AC Hotel by Marriott, located in the city’s business district.
NJ Shopping Center Changes Hands
The Hampshire Cos. sold Towne Shopping Center, a retail center anchored by ShopRite. The firm acquired the property in 2012, increasing its net operating income by creating a stabilized tenant roster.