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Park Hotels Sells Phoenix Asset for $51M
The lodging REIT’s disposition of the 563-key Pointe Hilton Squaw Peak Resort is part of its portfolio transformation strategy.
Brookfield Pays $91M for Boston Office Asset
Nuveen sold the vintage 152,000-square-foot building in the city’s Seaport District. The new owner is set to reposition the property as a hub for creative and tech communities.
Knotel Signs New Lease in NYC
The workspace provider will take 39,000 square feet at United Group’s Midtown building. The company’s leases in the metro now total more than 2 million square feet.
Is Amazon Re-Thinking Long Island City?
A report that Amazon might abandon plans for a 4 million-square-foot campus in Queens sparked heated responses from supporters and critics.
Sumitomo Buys $144M Minneapolis Office Asset
With the acquisition of SPS Tower, a 655,000-square-foot property in the central business district, the company marks its debut in the city.
Dallas Arts District’s First Hotel Eyes Fall Opening
Part of the $250 million Hall Arts project, the 183-key property will feature two restaurants, a rooftop pool and lounge as well as 6,000 square feet of event space.
Stanley Black & Decker Expands TX Footprint
The manufacturer of industrial tools and household hardware is taking space at a new 1.2 million-square-foot regional distribution center at Alliance Northport in Northlake.
Lehigh Valley Among Top Emerging Industrial Markets
The Pennsylvania region had positive absorption for the sixth consecutive year and kept the vacancy rate below 5 percent, despite an aggressive inventory expansion, according to a Colliers International report.
How Mobility Shifts Shape CRE
Cushman & Wakefield offers a deep dive into the impact of ridesharing, electric vehicles and self-driving cars on the real estate sector.
Ranking the World’s Top Tech Cities
A surge in coworking costs combined with significant strategic decisions made by big players last year contributed to surprising results in a new study from Savills.