News
CBRE Strengthens Cleveland Retail Team
Industry veteran Jeremy Bates will serve as vice president. Previously, he was responsible for leasing Stark Development’s retail and office portfolio.
Candid to Relocate Columbus HQ
The move to the historic Dispatch Building in the downtown area is scheduled for this fall. Candid will occupy more than 33,000 square feet, bringing the property to full occupancy.
H-E-B Opens Eastside Tech Hub in Austin
The 81,000-square-foot office will house Favor and H-E-B Digital Partners’ employees, connected to the retailer’s San Antonio headquarters through Wi-Fi-enabled shuttle rides.
Richmond Industrial Facility Trades in $9M Deal
CBRE brokered the sale-leaseback transaction on behalf of locally based seller Pohlig Brothers Packaging. STAG Industrial Holdings purchased the 110,000-square-foot asset.
Boston Office Property Gets $112M in Financing
NB Development Group secured first mortgage financing for 80 Guest Street, a trophy office property and part of the Boston Landing mixed-use project.
Park Hotels & Resorts Sells 3 Assets for $166M
The disposition of the 1,098-key portfolio helps the hospitality REIT curb leverage ahead of its $2.7 billion merger with Chesapeake Lodging Trust.
Short-Term Rentals Costing States Millions: Report
A study commissioned by the American Hotel & Lodging Association contends that Airbnb’s agreements with state and local jurisdictions will cost millions in lost tax revenue.
Investcorp Grows Germany Presence With $97M Buy
The Bahrain-based company continues its European expansion with the purchase of Airport Centre, a 376,700-square-foot office and industrial property in Hamburg.
Kenco Logistics Signs 580 KSF Lease in the Inland Empire
One of the largest woman-owned, third-party logistics firms in the country, the company will move into a 700,000-square-foot building in Perris, Calif., later this year.
Top 5 Office Developments Underway in Austin
The largest project underway is located in the city’s CBD and, upon its 2022 completion, will be occupied by Google.