Business Specialties
NAS Adds 2 St. Louis Medical Assets to Its Portfolio
KB Exchange Trust has selected NAS to manage both medical offices. Fresenius Medical Care and DaVita HealthCare Partners are the sole occupants of the properties.
Paramount Closes $460M DC Office Sale
The 24-story Waterview tower in Arlington, Va., sold for $711 per square foot, a record-breaking price for suburban Washington.
Furniture Retailer to Build 250 KSF SC Warehouse
Room & Board Inc. is planning to construct a distribution center in Newton, Catawba County, in partnership with The Keith Corp. The Minneapolis-based manufacturer will invest $12.9 million and create 13 jobs during the next three years.
Charlotte Iconic Hotel to Embark on $26M Remake
The metamorphosis of the 374-key Omni Hotel in the heart of the metro’s financial district will revolve around Charlotte’s history with precious metals.
Comfort Targets Ambitious Growth in 2017
The brand, owned by Choice Hotels International, is planning to expand with the opening of 56 properties all around the country.
Manhattan Office Asset Lands $200M Recap
Silverstein Properties has acquired a majority interest of 619 West 54th St.. The company partnered with Taconic, which purchased the Hell’s Kitchen asset five years ago.
Gazit-Globe Launches US Investment Subsidiary
The company, led by Jeffrey Mooallem, will target large properties with mixed-use potential in major metro markets, as well as value-add projects in certain gateway cities.
Colony Northstar Signs Record Deal at Manhattan Skyscraper
With a reported rent of $130 per square foot, CBRE inked a 40,000-square-foot office lease at 590 Madison Ave. The property is jointly owned by State Teachers Retirement System of Ohio and Edward J. Minskoff Equities.
Restoration of Bay Area High School Kicks Off
The retrofit and restoration was designed by Quattrocchi Kwok Architects and will be covered by local bonds and potentially California Proposition 51 match funding.
Record Leasing Numbers at N.C. Self-Storage Facility
The company’s newest self-storage facility leased 77 units in April 2017, exceeding 10 Federal’s prior single-month record of 48 leases achieved in May 2016.