Business Specialties
Starwood Capital Nabs West Hollywood Hotel
The new 286-key property will ultimately be renamed 1 West Hollywood and become the fourth property in the chain’s award-winning, eco-conscious, luxury sustainable brand.
Transwestern, Mirae, State Farm Close ATL Sale-Leaseback
The building is Park Center I, a 13-story, LEED-certified office tower with ground-floor retail and seven levels of parking. The deal falls in line with the partnership’s investment strategy to achieve stable, long-term cash flow for its clients.
Sunfinity Solar: Solar Customers Shouldn’t Pay More for Electricity
The Dallas-based company supports House Bill 199, introduced by Rep. Joe Pickett (D-El Paso), opposing Texas electric utilities’ intention to charge higher rates to residential customers with solar systems.
Center Core Buys Chicago-Area Office Campus
HFF closed on the transaction of Corporetum Office Campus VI, a two-building asset located West of Chicago in Lisle, Ill. It also secured a financing loan of $9.5 million for the buyer.
GATX Moves to Chicago’s Willis Tower
NKF’s Vice Chairman Melissa Copley negotiated the 90,000-square-foot lease at Chicago’s iconic tower. The tenant will relocate its global headquarters from 222 W. Adams St.
Kroger-Anchored Shopping Center Trades in Dallas
A partnership of Foundry Commercial and Stockbridge acquired Northview Plaza in Dallas from MDT Properties. The new owners plan to upgrade the 116,000-square-foot community shopping center.
Atlanta-Area Industrial Asset Reaches Full Occupancy
The warehouse is part of the two-building Chastain Distribution Center acquired by Liberty Property Trust in a large industrial portfolio in 2013.
InfiniPower Lands $54M for Upcoming Silicon Valley Marriott
CBRE secured construction financing for the development of a 147-key Marriott Residence Inn and a 114-key Fairfield Inn & Suites in North San Jose. InfiniPower Hospitality plans to develop the property on a vacant 6.7-acre site purchased in 2006.
Blink Fitness Takes Over Brooklyn Landmark
The Lyceum originally served as NYC Public Bath No. 7 and underwent preservation of its exposed brick, large arched windows and industrial steel trusses that support the 22-foot high ceilings.
Hines, Ivanhoé Sign 85 KSF at CIBC Square
The Boston Consulting Group inked 85,000 square feet of office space for its headquarters. The Toronto development comprises two office buildings on a 2.9 million-square-foot campus.