Business Specialties
Crowne Plaza Ravinia in Atlanta Lands New Owner
Sold by Ashford Hospitality Trust, the 495-key property in Dunwoody changed hands for $89 million. The former owner had bought the hotel in 2011 as part of a $1.3 billion portfolio.
Marcus & Millichap to Market Net-Lease Portfolio
The group of 17 properties encompasses 200,000 square feet of retail space and carries a price tag of $77.3 million.
U of Utah Health Inks Redevelopment Lease
Cushman & Wakefield Commerce and CBRE represented the tenant. The Sugar House building is part of a wider mixed-use area revitalization by Westport Capital Partners LLC.
Caesars Opens Las Vegas Entertainment Studio
The 48,000-square-foot state-of-the-art facility is the first of its kind in Nevada. The state’s recent tax credits bill for the industry is expected to draw more production companies and new development.
New 7MW Solar Farm to Serve Dillon County
The solar development is anticipated to provide power to 1,500 homes and is slated to begin commercial operation by the fourth quarter of 2017.
YgreneWorks Exceeds $600M in PACE Financing
YgreneWork’s PACE program has helped finance approximately 29,000 completed contracts, the equivalent of $639 million allocated for energy efficiency, renewable generation and water conservation improvements.
Dominion Energy Adds to Its VA Solar Portfolio
The company acquired Clarke County Solar, a 10-megawatt solar array, and plans to purchase the 20-megawatt Cherrydale facility, presently under construction in Northampton County, Va.
BMG to Consolidate Operations on Music Row
The music company will relocate from two existing Nashville offices to a planned office building that will rise on the site of the Country Music Association’s former headquarters.
Out-of-Favor Assets Offer Higher Yields
Retail and non-CBD office are among the properties offering opportunity for better returns to investors willing to expand their strategies. You just need to know how to unearth their full potential, notes Resource Income and Opportunity REIT Senior Vice President Martin Caverly.
Conor Commercial Completes New HQ for AMS Systems
The 145,200-square-foot building is part of the Union Pointe business park in Woodridge, Ill., and features a two-story, 31,000-square-foot corporate office component.