Business Specialties
Hilton Des Moines Hotel Tops Off
A beam signing took place at the construction site, which upon completion will be connected to the Iowa Events Center and Des Moines Skywalk. The 330-key hotel is set for full completion in April 2018.
Summit Acquires Courtyard by Marriott Fort Lauderdale
The company plans to invest $1.6 million over the next year for public space improvements and a patio bar redesign. The transaction included the sale of the hotel, vacant land and retail space.
Alexander’s Cashes Out Nearly $200M in Manhattan Refi
The office portion of 731 Lexington Ave. in Manhattan received $500 million in refinancing, which matures in June of 2024.
New Logistics Property Coming to Metro Atlanta
The plan is to build a 1 million-square-foot logistics asset, which could be expanded to 1.4 million. The building is scheduled to be completed by the first quarter of 2018.
CWI Lands Charlotte Marriott City Center
The REIT acquired the hotel following a $40 million renovation process completed in 2016. The building is now dubbed “The Beta Hotel” due to its ultra-modern features.
Raleigh Office Building Changes Hands for $8M
HFF closed the sale of 3110 Edwards Mill, a 45,692-square-foot, Class A office building in North Carolina. A private investor purchased the asset from The Simpson Organization.
BLT Enterprises Expands San Diego Industrial Footprint
The recent acquisition of a 60,000-square-foot industrial building in Carlsbad, Calif., brings the company’s holdings in San Diego to more than 600,000 square feet.
A&G Realty Launches Non-Retail Division
During the first quarter of 2017, A&G completed 18 transactions totaling $94 million for office, warehouse, higher-education properties and vacant land.
CVS Opens First Standalone Store in Colorado
This location marks the first standalone location in Colorado, which will be followed by the opening of two others, one in Denver and one in Littleton.
Whitestone REIT Completes $158M Acquisition of BLVD Place
The Houston-based REIT bought the 216,944-square-foot urban mixed-use center from developers Wulfe & Co. and Bailard Inc. BLVD Place is 99.2 percent leased with tenants including Whole Foods Market and Frost Bank.