Business Specialties
Alphapointe Buys Warehouse, Relocates to Queens
The non-profit organization purchased a 138,000-square-foot brick warehouse in the borough’s Richmond Hill neighborhood. The property will serve as its administrative offices, manufacturing and distribution facility, and call center.
Hines, Ivanhoé Break Ground on Toronto’s CIBC Square
The project will comprise two buildings and a one-acre elevated park over the rail corridor. The first property is scheduled for completion in 2020.
C&W to Lease, Manage Westchester One in NY
The 906,689-square-foot office tower is the largest office building in White Plains, N.Y., and changed hands this month. The asset is set to undergo a complete renovation and pre-built program.
Hudson Pacific to Transform Santa Monica Office Asset
Hudson Pacific Properties is set to reposition a three-story, 44,000-square-foot office building in Santa Monica, Calif. The company plans to invest up to $1.4 million in interior/exterior upgrades.
JLL Inks Lease at Houston-Area Development
JLL’s David Bale and Eugene Terry represented the tenant in the lease negotiations, which will occupy the entire second floor of Building 4 at Grandway West.
Santa Ana Office Park Trades for $32.8M
Benchmark Holdings purchased Alton Deere Plaza from TA Associates Realty. At the time of sale, the two-building, 185,245-square-foot property was 96 percent occupied.
IHG to Launch New Midscale Brand
The hospitality chain aims to address an underserved group of 14 million potential guests who are hungry for a high-quality yet competitively priced experience. Development costs are estimated at $85 to $90 per key.
What’s Ahead for Energy Star?
With the fiscal year ending on Sept. 30 and the 2018 midterm elections on the horizon, the popular EPA program might be back on the chopping block.
NAI Capital Welcomes LA Executive VP
Joseph Gabbaian specializes in sales, acquisitions and leasing of investment, user and redevelopment properties with a special emphasis on West Los Angeles and Santa Monica.
Monday Properties Grabs DC, SoCal Assets
The company made moves on both coasts, acquiring Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.