Business Specialties
Office Outlook Positive for 2017
We’re still witnessing a ‘flight to quality’ mentality among tenants, but vacancy rates are inching higher as new deliveries are outpacing demand, according to JLL’s most recent study.
Mitsubishi Affiliate Launches First US Development Fund
Diamond Realty will use a total equity of $51 million to finance two multifamily projects in Texas and Colorado, as well as a logistics building in California.
HTA Shells Out $2.8B for Duke Realty Portfolio
The nation’s largest owner and operator of medical office buildings will become even larger with the acquisition of 78 health-care properties totaling 6.1 million square feet.
Meet CPE’s 2017 Stars to Watch: Mark Witschorik, Columbia Property Trust
“Mark is one of the most multi-dimensional, well-rounded real estate guys in the market,” a colleague says of this Washington, D.C.-based REIT executive.
Meet CPE’s 2017 Stars to Watch: Jon Leifer, Case Real Estate Capital
“If you’re persistent and you enjoy the challenges and you keep at things, there is going to be a whole host of opportunities for up-and-coming real estate professionals,” says a versatile financier, investor and development consultant.
New JV Plans $870M Hotel Complex in Dubai
Schon Properties and Al Hamad Group are developing iSuites, a mixed-use project featuring a 2,550-key hotel, to support the Dubai government’s goal of attracting 20 million visitors to the city by 2020.
CBRE, NGKF Broker 18 KSF Industrial Building Deal
CBRE Senior Vice President David Prioletti closed the sale of an 18,000-square-foot industrial property on behalf of the owner, production company Video Impressions. Senior Managing Director Corey Chase of NGFK represented the buyer, food analysis laboratory Certified Laboratories Inc.
Omni Acquires Full Ownership of Atlanta Hotel
Omni partnered with Turner Broadcasting back in 2000 to acquire the 1,059-key hotel’s south tower and build the north tower, which opened in 2003.
Cleveland Mixed-Use Project Lands $142M Financing
HFF secured the financing on behalf of development partners Fairmount Properties and the DiGeronimo Cos. Scheduled for completion in spring 2018, Pinecrest will offer more than 400,000 square feet of retail, restaurants and entertainment.
Largest Hotel in PNW to Debut in 2018
The downtown Seattle hotel development boom continues with the upcoming 1,260-key Hyatt Regency Seattle, which is targeted for LEED Gold certification.