News
Phoenix’s Biltmore Center Sells in Landmark Deal
The $212 million deal marks the largest multi-tenant office sale of the past 12 months and the fourth-largest in the metro’s history.
Boston-Area Retail Center Gets $8M Refi
JLL arranged the long-term loan for Quincy & Co., which has been the owner of the property since 2014.
R&B Realty’s Miami Spec Project Moves Forward
3650 REIT provided $76 million in financing for the Class A office and retail property in the emerging Wynwood neighborhood.
CPE’s December 2019 Must-Reads
Catch up on our most important stories, interviews and rankings for last month.
Hyatt’s New Milestone
The company has opened its first property on Hengqin Island, marking another step in its China expansion program.
Richmond Retail Asset Sells for $22M
The 136,000-square-foot shopping center last traded some 20 years ago for more than $19 million.
Self Storage Rents and Inventory Still Out of Balance
Although metros on the West maintained rent growth, on a national level, street-rate rents have dropped 1.7 percent over the past 12 months.
Alcoa To Sell Arkansas Hazardous-Waste Facility
Under the agreement, the company will receive $200 million in cash at closing, plus a further $50 million if certain post-closing conditions are met.
DC-Area Office Portfolio Changes Hands for $19M
Newmark Knight Frank’s Larry FitzGerald and Cole Spalding represented the seller in the deal.
Plamondon Hospitality Expands Home State Footprint
The Maryland-based company has added two Hilton-branded hotels to its management portfolio.