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Homewood Suites Opens at Southdale Center
Simon—the owner and operator of the regional mall and mixed-use complex in Edina, Minn.—developed the 146-key all-suite hotel in a joint venture with Noble Investment Group.
Mack-Cali Sells 215 KSF Office Assets in NJ
The firm sold the last two buildings on the Horizon Center campus, having sold four properties earlier this year. NKF Capital Markets arranged both deals.
The Tech Office Saga: Silicon Valley vs. San Francisco
Transwestern’s Derek Cuschieri and Jack Seymour touch on the expanding tech presence in Silicon Valley and San Francisco, and the price companies and employees pay to stay cool in the sector’s hottest hubs.
Investcorp Grabs $300M Industrial Portfolio
The group of 56 warehouse assets totals 4.5 million square feet, increasing the global alternative investment manager’s U.S. industrial footprint to 14 million square feet.
Government Properties, Select Income REIT to Merge
Operating as Office Properties Income Trust, the combined company will own 213 properties in 38 states and Washington, D.C.
Silicon Valley Whole Foods Nets Hefty Sum
Imperial Hornet Developers purchased a 50,500-square-foot retail property in Los Altos, Calif. Cushman & Wakefield represented the buyer.
Ares Sells $270M Stake in Denver-Area Hotel Project
Joint venture partners Ryman Hospitality Properties and RIDA Development acquired the alternative asset manager’s interest in the $824 million Gaylord Rockies Resort & Convention Center development.
PEG Cos. Buys Multi-State Marriott Portfolio
The roughly $130 million deal encompasses more than 1,000 guestrooms in eight states. Cantor Commercial Real Estate provided the acquisition financing.
Convene Expands Manhattan Footprint
The flexible workplace and amenity services company signed a 116,000-square-foot lease in Midtown with RXR Realty. Convene now has 20 offices in New York City.
Chicago Loft Office Building Commands Near-Record Price
Marcus & Millichap represented the seller of the four-story West Loop property, which traded for 13.1 million or $436 per square foot.