Investment
AFIAA Nabs Melbourne Office Asset for $121M
The Zurich-based investment foundation plans to expand its worldwide portfolio to nearly $3 billion worth of properties in the next five years.
Residence Inn Cincinnati Airport Begins Extensive Renovation
The hotel is undergoing a multi-million dollar facelift of all its 150 guestrooms.
Velocis Sells $20M Office Building Near Denver
The 96,267-square-foot property was sold on behalf of the company’s client, Menlo Equities.
CompuCom Systems Relocates Global HQ
The technology infrastructure services company will relocate its offices and global contact center operations from Texas to Lancaster County, S.C.
Everest Textile to Open First US Facility
The Taiwan-based company plans to invest $18.5 million over the next five years in a North Carolina manufacturing plant.
Armada Hoffler Goes Shopping in NC and Virginia
The acquisition of Renaissance Square and Columbus Village II adds more than 170,000 square feet of retail to the company’s portfolio.
Cushman & Wakefield Closes Sale of 58-Acre Land in Seattle Area
IPT Tacoma Logistics Center will include two industrial buildings totaling approximately 1.1 million square feet.
Adient’s New Motor City HQ
The Johnson Controls spinoff bought the Marquette Building in Detroit’s historic financial district.
Hersha Closes Purchase of Ambrose Hotel for $48M
The Ambrose is located within the area’s 7.9 million-square-foot Class A office market and features a two-story, 82-space parking garage, an executive meeting room and a fitness center.
Magna International Invests $29M in Fourth SC Plant
The Canada-based company plans to build a 230,000-square-foot assembly facility in Spartanburg County to supply automobile seats to BMW.