News
JV Breaks Ground on Dual-Branded Marriott Hotel
Located in an opportunity zone, the 259-key hotel will include 295,000 square feet of space and 4,200 square feet of meeting space. The property is scheduled to open in 2021.
Target Hospitality Purchases Delaware Basin Lodging Properties
The company purchased the communities from Superior Lodging, upping its portfolio by 575 single-occupancy accommodations within the Permian Basin, at the epicenter of great activity among oil and gas businesses.
North American Properties Welcomes New COO in Atlanta Office
Vicky Boyce, a 20-year industry veteran, will manage and oversee the financial performance of the company’s $5 billion development pipeline.
Compass Self Storage Buys FL Facility
The Amsdell Cos. paid $9.9 million for a 98,000-net-rentable-square-foot storage facility located in Largo. The asset marks the company’s 21st facility in Florida.
ICP Buys Pair of Midwest Warehouses
The properties are located in Bryan, Ohio, and Holland, Mich., and formerly belonged to Adient. They are fully leased to Yanfeng Automotive Interiors.
Downtown Boston Office Tower Breaks Ground
The 600-foot-tall building, One Congress, is part of The HYM Investment Group’s ambitious $1.5 billion Bulfinch Crossing redevelopment, which will deliver 2.9 million square feet of mixed-use space.
Cerberus, Hines JV Buys Texas’ Tallest Tower for $627M: Report
Hariri Interests sold JPMorgan Chase Tower in downtown Houston, a 1.6 million-square-foot skyscraper designed by the late I.M. Pei, along with an adjacent 407,000-square-foot property.
Brookfield, Hearst JV Kicks Off $1B Project in San Francisco
The joint venture began work on 5M in the SoMa district, a mixed-use development set to include a residential component as well as office space and parks.
Situs, American Mortgage Consultants to Merge
The agreement between the two firms will combine their commercial and residential real estate services, as well as their technology offerings to clients across the globe.
Velocis Completes 4th Atlanta Office Buy
The fund manager intends to implement a series of upgrades at the three-building Sugarloaf Corporate Center located in the heart of Gwinnett County.