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Silverman Group Pays $183M for Multi-State Portfolio
Rubenstein Properties sold 27 industrial assets totaling more than 5 million square feet across New Jersey, Connecticut, Massachusetts, Iowa, Indiana and Alabama.
Ardent Cos. Receives $284M for Atlanta Acquisition, Refi
A real estate debt fund associated with Brookfield Asset Management provided the floating-rate loan. An HFF and Cushman & Wakefield team worked on behalf of the borrower.
Starwood Capital, LeFrak Sell Miami Hotel for $610M
A new owner is on board at 1 Hotel South Beach, a landmark 429-key luxury property which underwent a multimillion-dollar transformation in 2015.
TransPerfect Relocates Global HQ to Manhattan’s Nomad Tower
The company signed a long-term lease with Global Holdings Management Group, which has owned the Midtown South trophy high-rise since late 2016.
CRE Market Conditions: It’s a Flat World
Little near-term change is expected for commercial real estate markets globally, in either investor sentiment or tenant demand, according to the latest RICS survey.
Industrial Market: Still Going Strong
Despite approximately 1 billion square feet of new space coming to the market over the last three years, demand continues to drive rent growth, Transwestern reports.
Construction Outlook Calls for Continued Momentum
Potential risks to the industry, including ongoing tariffs and rising costs, are expected to be offset by the generally strong U.S. economy in 2019, at least in the first half, JLL reports.
Transwestern Secures 187 KSF in Leases Near Dallas
AT&T, DXC Technology Co., Generational Equity and Common Desk drive leasing at a new recently completed office building in Richardson, Texas.
Atlanta Hotels Win Big With Super Bowl
The city’s hospitality sector recorded higher than anticipated RevPAR and ADR growth for game weekend, reveals a new analysis by STR Inc.
Self Storage Rents Still Down Across the US
Despite significant rent growth in the West, street-rate rents declined 1.7 percent on a national level. Additionally, the new development pipeline continued to decrease.