Business Specialties
Pontus Capital Secures $109M Loan for National Retail Portfolio
HFF managed to secure a $109 million acquisition loan for Pontus Capital to purchase a 61-asset retail portfolio in the Eastern U.S. and Northern California.
Scandic Hotels Takes Over Hotel in Finland, Plans Expansion
Scandic Hotels will open a new hotel in Vaasa, the largest economic center in Finland’s Österbotten region.
Are Metro Detroit’s Outdated Shopping Malls Going Extinct?
The life and death of shopping malls in the Detroit area. Can they be revived?
Zoned Properties Expands in Colorado
The company has proposed plans for a 35-acre expansion of its medical marijuana facility in Parachute, Colo.
Economy Watch: Consumer Confidence Drops Modestly in April
Consumers’ inclination to spend declined slightly in April, indicating that their expectations for economic growth to gain momentum anytime soon are lower.
North Boston Office Asset Commands $22M
The new owner plans to turn the four-story building at 200 Exchange St. into a mixed-use facility featuring retail, a data center, and almost 200,000 square feet of creative office space.
Chevron Partners Shells Out $24M for Boston’s Sears Crescent Building
The 50,300-square-foot building completed in 1816 was fully leased at the time of sale to 14 tenants.
Las Vegas Office Purchase Boosts Hines’ Portfolio
Improved occupancy is one of the first aims for the newly acquired property.
U-Haul of Newport Expands with Property Acquisition
Movers in and around Newport will have more self-storage options with the upcoming expansion at U-Haul Moving & Storage of Newport at 111 Connell Hwy.
CBRE|Raleigh Wins Leasing Assignment for Renaissance Center in Durham
InvenTrust Properties has selected CBRE|Raleigh to handle the leasing responsibilities for the retail and office portions of Renaissance Center in Durham.