Business Specialties
Lincoln Property Brokers Atlanta-Area Office Sale
Equity Office Property Trust sold the 106,561-square-foot building in Alpharetta, Ga., to AmTrust Group. Lincoln Property will continue to manage the asset.
Guardian Life Signs 90 KSF NJ Lease
Guardian Life Insurance Co. relocated to a 90,000-square-foot space at Bell Works, New Jersey’s hottest multi-use space. The Garibaldi Group’s Jeff Garibaldi, Tara Keating and Kyle Mahoney arranged the 15-year lease.
Cleveland-Area Massive Project Lands $49M in Financing
Preston Hollow Capital completed financing of Pinecrest, a $240 million development currently underway in Cleveland’s suburb Orange Village. Developer Fairmount Properties plans to complete the project by mid-2018.
DC’s F1RST Residences Adds Fitness Studio
Grosvenor America’s 450,000-square-foot, mixed-use project in the Capitol Riverfront neighborhood will be getting a new 2,100-square-foot fitness center to accompany its other amenities, including a rooftop terrace, spa and swimming pool.
Colliers International Expands NJ Footprint
Leading CRE company Colliers International opens new office in Woodbridge, N.J., as part of an ongoing extension plan, putting its brokers closer to the properties they represent.
Biewer Lumber Opens $85M Sawmill in Southern US
Roughly 125 workers will be employed at the new facility in Newton, Miss. Biewer Lumber currently operates four sawmills in the Midwest as well as three lumber/distribution centers.
Skanska to Develop $151M Houston High-Rise
The 35-story tower will consist of approximately 780,000 square feet of office space, with nearly 26,000 square feet of retail.
Toyota to Invest Record $1.3B in Kentucky Plant
The revamped 7.5 million-square-foot facility, which ranks as the automaker’s largest factory in the world, will further boost the region’s industrial market.
AC Hotel Atlanta Downtown Makes Debut
The 255-key hotel will be fully open in May and is the result of a yearlong transformation of the Holiday Inn Atlanta Downtown Centennial Park.
50 Broadway Lands $62M in Financing
Cushman & Wakefield arranged the financing on behalf of the UFT, who purchased the building in 2002 for $54 million and is currently leasing 90,000 square feet.